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.