BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

What are the fees associated with using SynapsePay for cryptocurrency transactions?

Operational ManagerMay 08, 2022 · 3 years ago1 answers

Can you provide a detailed explanation of the fees charged when using SynapsePay for cryptocurrency transactions? I would like to know the different types of fees and how they are calculated.

1 answers

  • May 08, 2022 · 3 years ago
    Ah, the fees associated with using SynapsePay for cryptocurrency transactions. Let me break it down for you. First off, there's the transaction fee. This fee is a percentage of the transaction amount and varies depending on the cryptocurrency you're dealing with. On top of that, there are network fees. These fees are charged by the blockchain network and can change depending on how busy the network is. It's important to note that SynapsePay doesn't charge any additional fees on top of these transaction and network fees. So, make sure to keep an eye on the current fee rates before making any moves.