What are the fees associated with using cETH?
The fees associated with using cETH depend on the type of transaction being made.
For example, when transferring cETH, users will be charged a fee of 0.1% of the total amount transferred. This fee is used to cover the cost of running the network and to ensure that it remains secure and reliable.
When trading cETH on an exchange, users will also be charged a fee. This fee is typically based on the exchange’s trading fees and can vary depending on the platform being used. Generally speaking, most exchanges charge a maker fee (for placing orders) and a taker fee (for taking orders).
Finally, when using cETH as collateral for loans or other financial products, users may be charged additional fees by the platform providing those services. These fees are typically based on the amount of cETH being used as collateral and can vary from platform to platform.
