Are there any fees for Bitcoin deposits/transactions? How long does it take for the recharge to arrive?

As the price of Bitcoin rises, more and more people want to hold and buy Bitcoin to ensure that they can enjoy the profits brought by Bitcoin in the future. To participate in Bitcoin investment, investors need to have the ability to purchase Bitcoin, which involves the issue of Bitcoin recharge. So are there any handling fees for Bitcoin recharge? This is what investors are concerned about. Generally speaking, transactions will involve handling fees, and recharging is no exception. How long does it take for the Bitcoin deposit to arrive after the investor pays the handling fee? Usually the arrival time is between 10-60 minutes, but the specific time depends on the trading platform. The editor will explain it in detail below.

Are there any fees for Bitcoin recharge/transaction?

Bitcoin deposits require fees, which are passed on to miners to ensure transactions are processed quickly and included in the blockchain. These handling fees are actually fees charged by the exchange for providing services, which are used to maintain the trading platform, provide security, technical support and other related services. Different exchanges have different charging standards for handling fees.

The following uses Binance, Oyi, and Huobi exchanges as examples:

Binance fees are divided into three levels

The lowest level users are charged for each transaction There is a 0.1% handling fee, which can be deducted by holding the platform’s token BNB.

OUYI handling fees are divided into multiple levels

The lowest level users are charged a handling fee of 0.15% for each transaction, which can be deducted by holding the platform's token OKB.

Huobi handling fees are also divided into multiple levels

Users at the lowest level are charged a handling fee of 0.2% for each transaction, and the handling fees can also be deducted using the platform's token HT.

How long does it take for Bitcoin recharge to arrive?

It takes about 10-60 minutes for Bitcoin recharge to arrive in your account. The time for Bitcoin recharge to arrive depends on many factors, including the processing speed of the exchange, network congestion, and the transaction you are using. Way. Typically, transaction confirmation time on the Bitcoin network ranges from approximately 10 minutes to 1 hour. However, sometimes transaction confirmation time may be extended due to network congestion or other reasons. Therefore, the specific arrival time may vary. In addition, factors that affect Bitcoin recharge include but are not limited to the following 6 points:

1. Network congestion: When the transaction volume on the Bitcoin network increases, it will cause transaction congestion, thereby prolonging the transaction confirmation time. This may affect the speed of Bitcoin deposits.

2. Transaction fee: Transactions on the Bitcoin network require a certain transaction fee. The amount of the fee will affect the speed at which the transaction is prioritized.

3. Target number of confirmations: Different exchanges or service providers may require different numbers of block confirmations to deposit Bitcoin into your account. Normally, a certain number of block confirmations are required to confirm the validity of a transaction.

4. Number of input transactions: If you send Bitcoins from multiple addresses for recharge, the transaction may be more complex because more input transactions are involved, which may increase the transaction confirmation time.

5. Transaction volume: If the exchange or service provider you are using processes a large number of Bitcoin deposit transactions at a certain time, your deposit may be delayed as a result.

6. Network failure: Sometimes network failure or technical problems of the service provider may occur, resulting in delays in Bitcoin recharge.

How is the handling fee of the currency circle trading platform calculated?

Handling fee = position value × handling rate, so before trading, we must first understand the platform’s handling rate.

Let’s take Binance as an example. Binance’s spot unilateral transaction rate is 0.1%, and the contract unilateral transaction rate is 0.02%-0.04%. Trader Xiaoyu saw Bitcoin at $28,600 today. The price went up pretty well, so I decided to buy 1 Bitcoin first and store it. At this time, the handling fee for Xiaoyu to buy 1 Bitcoin was 28,600×0.1%=28.6 US dollars. After a while, the market trended down a bit, and Xiaoyu turned around again. When selling Bitcoin, the handling fee spent at this time is also $28.6.

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