How to calculate the Bitpie cold wallet handling fee?

Bitpie cold wallet fee calculation depends on transaction type and network congestion: Ordinary transaction: 0.0005 BTC (or equivalent in other cryptocurrencies) Accelerated transaction: 0.001 BTC (or equivalent in other cryptocurrencies) When the network is congested, Gas fees will increase according to the increase in demand. The calculation formula is as follows: Normal transaction fee: 0.0005 BTC × Gas fee Accelerated transaction fee: 0.001 BTC × Gas fee

How are Bitpie cold wallet fees calculated?

The transaction fees charged by Bitpie cold wallet vary depending on the transaction type and network congestion. The following is how the handling fee is calculated:

1. Transaction type

• Normal transaction: 0.0005 BTC (or equivalent in other cryptocurrencies) )
• Accelerated transactions: 0.001 BTC (or equivalent in other cryptocurrencies)

2. Network congestion

Gas charges may be higher when the network is congested. Gas fees are a unit of measure for transaction fees. When the network is congested, gas charges increase as demand increases.

3. Handling fee formula

Bitpie Cold Wallet uses the following formula to calculate handling fees for different types of transactions:

• Ordinary transaction: 0.0005 BTC × Gas fee
• Accelerated transaction: 0.001 BTC × Gas fee

Example calculation

Assuming the Gas fee is 50, the handling fee for ordinary transactions is as follows:

• Handling fee = 0.0005 BTC × 50 = 0.0025 BTC

Note:

• The handling fees for Bitcoin transactions fluctuate greatly and may be affected by market conditions and other factors.
• The current Gas fee can be viewed in the Bitpie Cold Wallet application.
• The handling fee is non-refundable, so it is very important to confirm the amount of the handling fee before trading.

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