cryptonator fee

[saedasda]

I wonder why does cryptonator.com fee is fixed? Can anyone explain about this tnx

[fiulpro]

Hey

In most wallets fee is fixed , of outgoing transactions, those in which it's not like that they usually charge more for more transaction amount .

Fixed fee benefits the user since you can do a pretty big transaction on a fixed rate and won't have to pay accordingly.

But at the same time it is not beneficial for people doing small transactions.

I think it's there just because of convenience.

[o_e_l_e_o]

I wonder why does cryptonator.com fee is fixed? Can anyone explain about this tnx

Given this is a web wallet, they will be paying out any transactions from a central wallet, which will be keeping actual fees to a minimum. The extra charge will be partly to compensate them for having to consolidate every input, and partly profit. If you don't want to be paying this, then you should stop using a web wallet and take control of your own coins.

Fixed fee benefits the user since you can do a pretty big transaction on a fixed rate and won't have to pay accordingly.

But at the same time it is not beneficial for people doing small transactions.

This is incorrect. The monetary value of your bitcoin transaction has absolutely no relation to how much the fee should be. The fee depends entirely on the number of inputs and outputs in your transaction. Making a big or a small transaction doesn't matter in terms of what fee you need to pay.

[o_e_l_e_o]

Then actually this wallet is good to use for so long period of time

This is wrong. Using any web wallet is a bad idea, especially for long periods of time. Just because they haven't hacked or scammed yet, doesn't make them automatically trustworthy.

There are far too many things that can go wrong with letting someone else hold your coins for you, as you do with a web wallet or an exchange - scams, service hacks, account hacks, insolvency, shutdown, sudden KYC, etc. It is a much better option to run your own wallet and hold your coins yourself.

[hugeblack]

"Not your Keys, Not your Coins" it applies to famous web-wallets such as Blockchain.info wallet, where any mistake/bug (whether by you or through them) can lead you losing your money without compensation, and how will it be with a wallet that controls your money, it is like trusting an unknown bank without proof of ownership.
If you do not think this is so bad, read the following:

 - cryptonator.com is a big scam ! i lose near $ 2000 ! extreme alarm
 - Cryptonator is a SCAM!! BEWARE!
 - Cryptonator - Reviews

try Mycrypto wallet.

I wonder why does cryptonator.com fee is fixed? Can anyone explain about this tnx

It's like bank transfers. You are enduring for the highest fees and you can not choose.