common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with using Zengo crypto wallet?

avatarTsubasa OozoraDec 28, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using the Zengo crypto wallet? I want to make sure I understand the costs associated with using this wallet before I start using it.

Are there any fees associated with using Zengo crypto wallet?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees associated with using the Zengo crypto wallet. When you make a transaction, there may be network fees that you need to pay. These fees are not determined by Zengo but are required by the blockchain network. The fees can vary depending on the network congestion and the specific cryptocurrency you are using. It's important to note that Zengo does not charge any additional fees on top of the network fees.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! Like most crypto wallets, using Zengo comes with transaction fees. These fees are necessary to ensure that your transactions are processed on the blockchain. The fees are not set by Zengo but are determined by the network you are using. So, make sure to check the current network fees before making any transactions.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees associated with using the Zengo crypto wallet. However, it's important to note that Zengo itself does not charge any fees. The fees you may encounter are the network fees imposed by the blockchain network. These fees are required to process your transactions and are not under the control of Zengo. It's always a good idea to check the current network fees before making any transactions to avoid any surprises.