Are there any fees associated with transferring funds between wallets or exchanges when trading in or using Enjin Coins?
Yes, there are fees associated with transferring funds between wallets or exchanges when trading in or using Enjin Coins.
The fees depend on the type of wallet or exchange being used. For example, when transferring funds from a cryptocurrency exchange to a wallet, the fee is usually determined by the exchange and can range from 0.1% to 0.
5%. When transferring funds from a wallet to an exchange, the fee is usually determined by the wallet provider and can range from 0.1% to 1%.
When transferring funds between wallets, the fee is usually determined by the network and can range from 0.001 ENJ (Enjin Coin) to 0.01 ENJ per transaction.
This fee is used to pay miners for processing transactions on the blockchain network and is necessary for ensuring that transactions are processed quickly and securely. Finally, when trading Enjin Coins on an exchange, there may be additional fees associated with trading such as maker/taker fees or withdrawal fees which vary depending on the exchange being used.
