common-close-0
BYDFi
Trade wherever you are!

What are the fees for Ethereum transactions?

avatarKrishna ShahDec 30, 2021 · 3 years ago1 answers

Can you please explain the fees associated with Ethereum transactions? I'm new to cryptocurrency and would like to understand how much it costs to send Ethereum.

What are the fees for Ethereum transactions?

1 answers

  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, we understand the importance of transparent fee structures. When it comes to Ethereum transactions, the fees are determined by the network and not by the exchange. As an exchange, we don't charge any additional fees on top of the network fees. However, it's important to note that if you are using our platform to send Ethereum, you may incur additional fees for depositing or withdrawing funds. These fees are separate from the Ethereum network fees and are designed to cover the costs associated with maintaining the exchange infrastructure. We strive to keep our fees competitive and transparent, so you can always check our fee schedule on our website for more information.