🌐 What are Network fees?

Network fees (also called miner fees) are mandatory fees to process transactions or other crypto interactions.

They are paid to a cryptocurrency network (such as Bitcoin or Ethereum).

Those fees depend on the current state of the network.

👉 Network fees are never paid to Spot.

⏳ When a lot of people are sending & trading the same crypto at the same time, network fees can be very high and transactions can also take more time than usual to arrive.

🏦 Network fees when selling crypto

When selling your crypto, Network fees are applied as the crypto you want to sell is first sent from your wallet to the buyer (provider) before being converted into another currency (USD, EURO...).

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