What are the transaction fees?

Transaction fees are the costs associated with cryptocurrency transfers. Here’s a simple explanation of what they are and who charges them.

1. Transaction Fee: a fee paid to the blockchain network to process your transaction.
2. Who charges it? The fee is determined by the network, not by Bodog. It is charged by network miners as compensation for verifying transactions.
3. Impact on your transaction: these fees are automatically deducted when you deposit or withdraw funds.
4. Factors affecting the fee cost: if a cryptocurrency experiences high activity, this may increase the fees. Additionally, you can choose to pay a higher fee for faster processing of your transaction.

Keep in mind that there is no way to predict fee costs in advance, as they depend on the factors mentioned above.