What are the fees associated with using VeChain?
The fees associated with using VeChain depend on the type of transaction being made.
For transfers of VET tokens, the fee is 0.00042 VET per transaction. This fee is used to pay for the gas cost of executing the transaction on the blockchain.
For smart contract transactions, such as those involving VeChainThor (VTHO) tokens, the fee is 0.0005 VTHO per transaction. This fee is used to pay for the gas cost of executing the smart contract on the blockchain.
In addition to these fees, there may also be fees associated with exchanging VET and VTHO tokens for other cryptocurrencies or fiat currencies. These fees will vary depending on which exchange you are using and what type of currency you are exchanging for.
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