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Blockchain.com Wallet users will always have options when it comes to bitcoin transaction fees. Our wallet uses dynamic fees, meaning that the wallet will calculate the appropriate fee for your transaction taking into account current network conditions and transaction size. You can choose between a Priority fee and a Regular fee. The Priority fee is calculated to get your transaction included in a block within the hour.
My blockchain fee is too high. Why? What should I do?
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As most wallets do not charge a fee. But the blockchains taka a fee. When you are trading inside a cryptocurrency wallet you usually only pay 2 fees. The blockchain transaction fee and the DEX (Decentralized Exchange) fee. We rarely actually see the crypto wallet itself charge its users a (high) fee.
Your Blockchain wallet will automatically calculate the appropriate fee for sending your chosen cryptocurrency. The fee for sending ether is static (you can view the fee for sending ether by clicking “Send” and selecting Ether as the currency), while the fees for sending bitcoin, bitcoin cash, and stellar are dynamic and are calculated by your wallet after you input the amount you want to send.
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Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform. Coinbase operates remote-first, and lacks an official physical headquarters.
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The wallet is just one of Blockchain’s products. Other products include the Blockchain Lockbox which is a hardware wallet for digital assets; Blockchain markets, an institutional portal and the Blockchain Developers API platform. In July 2019, the company launched The PIT, Blockchain’s first exchange platform.
Our fee system rewards makers with a lower rate for helping provide liquidity to create the most fair, efficient, and orderly market. If you are a market maker and you expect to be trading higher volumes than those specified in our rate card, please contact for a customized fee arrangement. Contact now.
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Coinbase is a company that develops an online platform allowing merchants, consumers, and traders to transact with digital currency. It enables users to create their own cryptocurrency wallets and start buying or selling cryptocurrency by connecting with their bank accounts.
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Blockchain transaction fees primarily depend on market values. Native tokens in a bullish market typically cost more to buy, sell, or trade. However, crypto transactions require more than just a token. As such, expect your blockchain wallet fees to fluctuate based on the following factors as well:
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A. Blockchain fees depend on several factors including network congestion, transaction confirmation times (affected by liquidity providers), and transaction size (as measured in kilobytes; affected when converting crypto from multiple inputs such as faucet earnings or other micro-transactions).
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Coinbase is a registered MSB in the US, and registered as an electronic money institution by the Financial Conduct Authority in the UK (Firm Reference Number: 900635). In the UK, we are registered with the Information Commissioner's Office (ICO) to handle personal information. Our registration number is ZA183172.
What Are Blockchain Transaction Fees?
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When making a deposit from your Blockchain Wallet to the Blockchain Exchange, you are free to adjust the network fees to your preference by selecting a regular or priority fee when sending. Regular fees are lower, but transactions can take over an hour to be confirmed. Priority fees cost more but are calculated to ensure transactions are confirmed within an hour.
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