Home web3.0 How is the TronLink cold wallet handling fee calculated? How does a novice check the handling fee?

How is the TronLink cold wallet handling fee calculated? How does a novice check the handling fee?

Sep 27, 2024 pm 01:03 PM
Blockchain cold wallet Hosted wallet

The handling fee of TronLink cold wallet is calculated based on the transaction size and congestion level, including network fees and service fees. Once you look at the fees, you can reduce them by reducing your transaction size and waiting to operate when congestion is low.

How is the TronLink cold wallet handling fee calculated? How does a novice check the handling fee?

TronLink cold wallet fee calculation

TronLink cold wallet is a non-custodial wallet used to store and manage Tron ( TRX) token. When using TronLink cold wallet for transactions, you need to pay a certain handling fee.

How to calculate the handling fee

The handling fee of TronLink cold wallet is calculated based on the transaction size and congestion level.

  • Transaction size: The larger the amount of data a transaction contains, the higher the handling fee required.
  • Congestion Level: The busier the Tron network, the higher the handling fee required.

Fees structure

TronLink cold wallet uses two types of transaction fees:

  • Network fee: Collected by Tron network. This fee covers transaction verification and blockchain maintenance costs.
  • Service fee: collected by TronLink cold wallet. This fee covers the development and maintenance costs of the wallet.

How to check the handling fee

Before making a transaction, the TronLink cold wallet will display the required handling fee amount. You can view and adjust fees before sending a transaction.

Methods to reduce handling fees

  • Choose a smaller transaction size: The less data the transaction contains, the higher the handling fee Low.
  • Wait until network congestion is low before trading: During peak network periods, handling fees will be higher.
  • Consider using other wallets: Some wallets may charge lower fees.

It is important to note that TronLink cold wallet does not prioritize transactions, even if you pay a higher fee. All transactions are processed on a first come, first served basis.

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