Information on Transaction Fees and Network Structure

When a cryptocurrency transaction is executed, it is transmitted to the relevant blockchain network and placed in a queue to be verified by miners (or validators). These transactions are grouped together within generated blocks and are only considered valid once approved by a block.

In blockchain networks, miners receive a fixed block reward for each block produced. However, these rewards may be halved or gradually reduced over time, depending on network rules. The reduction in block rewards can affect the economic sustainability of mining activities.

Therefore, transaction fees are critical.

Purposes of Transaction Fees

1. Encouraging Miners to Keep the Network SecureTransaction fees provide an economic incentive for miners to continue validating transactions and keeping the network secure.
2. Preventing Network OverloadThe blockchain network has a certain transaction capacity. A large number of low-value or spam-like small transactions can create congestion on the network and cause delays. The transaction fee mechanism helps maintain network stability by reducing the number of unnecessary or trivial transactions.

Withdrawal Fee Policy

Cryptocurrency transactions incur network costs for both the sender and the recipient. Therefore, our platform applies a minimum 0.1% Withdrawal Fee for digital asset transfers.

This fee is intended to:

• Cover network transaction costs,
• Ensure transaction security,
• Maintain system sustainability.

Betida applies transaction fees in accordance with the principle of transparency, and users can view the applicable fees before performing a withdrawal transaction.