Are there any fees associated with using the services provided by Nexus Mutual?
Yes, there are fees associated with using the services provided by Nexus Mutual.
These fees are charged in the form of a premium, which is paid by the user when they purchase coverage from Nexus Mutual. The premium is calculated based on the risk associated with the user’s coverage and is paid upfront. In addition to this, there is also a fee for making claims on the platform, which is taken from the payout amount.
Finally, there are also transaction fees associated with transferring funds to and from Nexus Mutual.
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