What are the fees involved in selling Wrapped Luna?

3 answers

• Dec 26, 2021 · 3 years ago
  When selling Wrapped Luna, there are several fees to consider. Firstly, there may be a transaction fee charged by the exchange you are using. This fee is typically a percentage of the total transaction amount and can vary between exchanges. Additionally, there might be a network fee associated with the blockchain on which Wrapped Luna operates. This fee is used to pay for the computational resources required to process and validate the transaction. The network fee can vary depending on the current network congestion and gas prices. It's important to note that these fees are not fixed and can change over time.
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• Dec 26, 2021 · 3 years ago
  Selling Wrapped Luna may also incur a withdrawal fee if you are moving the funds from the exchange to an external wallet. This fee is usually charged by the exchange and can vary depending on the specific exchange's policies. It's recommended to check the withdrawal fee before initiating the transaction to avoid any surprises.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, the fees involved in selling Wrapped Luna are as follows: a transaction fee of 0.1% of the total transaction amount and a network fee based on the current gas prices. These fees are subject to change and it's always a good idea to check the latest fee structure on the BYDFi platform. Please note that fees may also be charged by other exchanges, and it's important to compare and consider different platforms before making a decision.
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