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What are the fees for making a transaction via Web3 Wallet?
What are the fees for making a transaction via Web3 Wallet?
Updated over 3 months ago

Currently, token.com does not charge any fees for performing transactions. However, there are some costs associated with using blockchain networks and decentralized exchanges (DEXs). Here are some important concepts to understand:

Gas Fee

What it is: A fee paid to the blockchain network (such as Ethereum or Binance Smart Chain) to process your transaction.

Who charges it: The blockchain network, not token.com or the DEXs.

Why it exists: It covers the computational resources needed to execute your transaction on the blockchain.

How it varies: The fee amount may change depending on network congestion. Busier times often mean higher fees.

Price Slippage

What it is: The difference between the expected price of a trade and the actual price when the trade is executed.

Why it happens: It can occur due to price volatility or low liquidity in the market.

How we handle it: We allow you to set a maximum slippage tolerance to protect your trade from executing at an unfavorable price.

Route

What it is: The path your trade takes through various token pairs to achieve the desired swap.

How it works: Sometimes, the best price for a trade is obtained by swapping through multiple token pairs (e.g., A -> B -> C) rather than directly (A -> C).

Our approach: Our DEX aggregator automatically determines the most efficient route for your trade to get you the best possible price.

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