common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with creating and maintaining an EOS account for digital currency transactions?

avatarAlston HarveyDec 26, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the fees involved in creating and managing an EOS account for digital currency transactions? I would like to know the costs associated with setting up and maintaining an account on the EOS blockchain for conducting digital currency transactions.

What are the fees associated with creating and maintaining an EOS account for digital currency transactions?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Creating and maintaining an EOS account for digital currency transactions involves a few different fees. First, there's the account creation fee, which covers the cost of setting up your account on the EOS blockchain. This fee can vary depending on the platform or exchange you use. Additionally, there may be network resource fees, which are required for performing transactions on the EOS network. These fees are typically paid in EOS tokens and can vary based on the complexity and size of the transaction. Lastly, there may be ongoing maintenance fees to keep your account active and secure. These fees are usually minimal and help support the infrastructure of the EOS network. It's important to note that the specific fees can vary depending on the platform or exchange you choose to create and maintain your EOS account.