bitcon
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December 16, 2020, 08:34:34 PM |
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If the exchange only supports cryptocurrency transactions, the trader will only pay the miners Commission. The Commission amount will not be very large. With Fiat currencies, you will have to pay a Commission depending on the chosen system (Bank transfer or something else), the Commission amount will differ. In addition, the amount of Commission is affected by the level of completed verification of the trader.
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FlagstaffRevel235
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January 19, 2021, 12:19:21 PM |
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The transaction fee for each coin in the coin market is determined on their network base and on their system. If the wallet traffic is strong then their fee is less. For this reason, it is very important that the network of each coin be strong. For example, BTC, ETH, USDT, their transactions are minimal, so they have more investors and traders.
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Shasha80
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January 19, 2021, 01:14:39 PM |
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Each wallet has a different policy regarding transaction fees, they take several factors into account to determine transaction fees. Maybe the Klever wallet requires higher operating costs, so it is imposed on its users by increasing transaction fees. The solution is very easy, stop using the Klever wallet and just use the Tron link wallet if it is proven to have cheaper transaction fees.
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Gorosden
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Activity: 518
Merit: 30
$CYBERCASH METAVERSE
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January 19, 2021, 03:03:54 PM |
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As a newbie into cryptocurrency world, I understand up to a certain extent the reason for high or low transaction (gas) fees on mostly used blockchain network which is ethereum. But a thing I find funny is doing a transaction almost at the same time on both tron link wallet and Klever wallet, a gas fee of just 1 tron was charged on tron link while Klever charged about 13 trx for the same amount of transfer at almost the same time. What can possibly be the reason for that?
It's klever wallet then, stop using it because they are drying users up pretty fast, on my trust wallet I hardly use 0.5 tron for transactions, I bet that klever wallet is a Centralized closed source wallet, stay out of such crypto wallet
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JeffBrad12
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January 19, 2021, 03:08:48 PM |
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of course different, because the network used is also different, if you use Ethereum the transaction fees can be expensive and can be cheap, but if you use the Tron, Waves, Doge network the transaction fees are not too expensive.
Did you read it before? he was using tron from the different wallets and try to create a comparison between both wallets to be used to create the transaction and then the result was different. I guess the klever wallet was charging the fees. So many wallets are also doing this too. OP must-read FAQ before trying to use any wallet. I do believe in that.
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bassbity
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January 19, 2021, 03:09:56 PM |
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Then don't use klever wallet, that's plain robbery mate, I'm using math wallet and I spend less than 1 Tron for transactions, I'm guessing the klever wallet team are storing the rest of the Trons for themselves, there are some wallets like klever wallet in crypto space today.
Wait. Do you really expect free shipping? I think 1 Trx is not that heavy, they only take up 1% of the total you spend. and it's still fair. Why would you mind paying 1 Trx? So if you don't like using Klever, what wallet are you currently using? can there be anything cheaper than that? it is those who often claim to be free, are more dangerous and suspicious.
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aemma
Copper Member
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Merit: 14
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January 23, 2021, 09:05:13 AM |
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I think to understand this, let's go from the case of exchanges, many exchanges have different withdrawal fees for the same token, that is to say, they add theirs to the fees in order to keep the exchange running. Therefore, when sending tokens from different personal wallets, there is very tendency that the transaction fees will vary hence in one it might be cheaper and in the other, it might more costly. Also, there are many wallets nowadays that supports Tron and it's TRC tokens such as Math wallet, Token pocket and so on, therefore you can always compare fees to go for the cheaper one; in the crypto space now, many platforms are trying their best on reducing their transaction fees in order to attract more users of which Tron is one of them, thus most times it doesn't really make sense spending much just on fees.
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bittick
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January 23, 2021, 10:29:58 AM |
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The transaction fee for each coin in the coin market is determined on their network base and on their system. If the wallet traffic is strong then their fee is less. For this reason, it is very important that the network of each coin be strong. For example, BTC, ETH, USDT, their transactions are minimal, so they have more investors and traders.
It's not about how strong the network that owned by the coin but it's about how scalable the network. As far as i know BTC and ethereum network are not scalable and it can only process very small tx in one second and when there's a lot of queue in the network and that will give a very big impact. So many tx will be stuck.
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