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What are the fees associated with using Stellar payment systems for digital currency transfers?

avatarAKSHAJ BISHTDec 17, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the fees associated with using Stellar payment systems for digital currency transfers? How do these fees compare to other payment systems? Are there any additional fees or charges that users should be aware of?

What are the fees associated with using Stellar payment systems for digital currency transfers?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    As a representative of BYDFi, I can assure you that using Stellar payment systems for digital currency transfers comes with competitive fees. The base fee of 0.00001 XLM per operation is in line with industry standards and ensures that transactions are processed efficiently. Additionally, the network fees are reasonable and depend on the network congestion. It's worth noting that Stellar's fee structure is transparent and there are no hidden charges or surprises. Overall, Stellar offers a reliable and cost-effective solution for digital currency transfers.