Guide to fees & secret to pay zero

You wanted to send 10 USDT to your friend but paid 13 instead, and you don’t know why. Where did 3 USDT go? Let’s break it down!

Network fees

Part of your 3 USDT went to cover the blockchain work, as a network fee (or blockchain commission). It serves as a reward mechanism for miners and validators for their work, preventing blockchains from being overloaded and from scam transactions. Network fees are dynamic. They may vary according to network load. The “recommended fee” is the current fee you need to pay to complete your transaction in short reasonable time. However, the final fee cost is defined by how long you’re willing to wait. The faster you want your transaction to be confirmed, the higher the fee will be.

Wallet & exchange fees

The other part of your 3 USDT was held by the wallet you use. Crypto wallets may charge additional fees for certain actions within the service, and these can vary from one wallet to another. For example, there may be fees for swaps, withdrawals, transfers, or even subscription-based charges for specific premium features.

NC Wallet covers the network fees on most blockchains and charges no extra wallet commissions. To make this possible, we optimize transactions and send them in bulk if possible. This way, users enjoy free transactions.