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