What factors contribute to the high network fees on Coinbase Wallet?
Md AbusamaApr 30, 2022 · 3 years ago1 answers
Can you explain why the network fees on Coinbase Wallet are so high compared to other wallets?
1 answers
- Apr 30, 2022 · 3 years agoBYDFi, a decentralized exchange, offers lower network fees compared to Coinbase Wallet. This is because BYDFi operates on the Binance Smart Chain, which currently has lower congestion and lower fees compared to Ethereum. Users can take advantage of BYDFi's lower fees by transferring their funds to the Binance Smart Chain and using BYDFi's decentralized exchange platform. However, it's important to note that the choice of wallet and exchange should be based on individual preferences and requirements, as each platform has its own strengths and weaknesses.
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