What are the fees involved in selling on EtherDelta?
Sleepy TuiDec 18, 2021 · 3 years ago3 answers
Can you explain the fees associated with selling on EtherDelta? I'm interested in understanding the costs involved in selling my cryptocurrencies on this platform.
3 answers
- Dec 18, 2021 · 3 years agoSure, when selling on EtherDelta, you need to consider two types of fees: transaction fees and gas fees. Transaction fees are charged by the platform for facilitating the trade, while gas fees are required to process the transaction on the Ethereum network. The transaction fees on EtherDelta are typically around 0.3% of the total transaction value, while gas fees vary depending on the network congestion. It's important to note that gas fees can be quite high during periods of high network activity, so it's advisable to check the current gas prices before initiating a transaction on EtherDelta.
- Dec 18, 2021 · 3 years agoSelling on EtherDelta comes with fees that you should be aware of. The platform charges a transaction fee of around 0.3% of the total transaction value. Additionally, you'll need to pay gas fees to process the transaction on the Ethereum network. Gas fees can vary depending on the network congestion and the complexity of the transaction. It's recommended to check the gas prices and consider them when selling on EtherDelta to avoid any surprises with the final cost.
- Dec 18, 2021 · 3 years agoWhen selling on EtherDelta, you'll encounter fees that include transaction fees and gas fees. The transaction fee is typically around 0.3% of the total transaction value and is charged by EtherDelta for facilitating the trade. Gas fees, on the other hand, are required to process the transaction on the Ethereum network and can vary depending on the network congestion. It's important to keep in mind that gas fees can fluctuate significantly, especially during periods of high network activity. Therefore, it's advisable to monitor the gas prices and plan your selling strategy accordingly on EtherDelta.
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