How to calculate the handling fee of Kushen cold wallet?

Kushen cold wallet handling fee is calculated as follows: Transfer handling fee: Transfer amount * Handling fee coefficient (depending on network congestion and speed) Lightning network handling fee: Routing fee (usually below 1 satoshi) Deposit handling fee : Usually none, third-party platforms may charge a small fee Withdrawal fee: Miner fee (determined by the Bitcoin network, varies according to network congestion) Other fees: activation fee, currency exchange fee, etc.

Kushen Cold Wallet Handling Fee Calculation

Kushen Cold Wallet is very popular among users because of its high security, but there are certain problems when using it. Handling fee. The following is a detailed introduction to the calculation method of the Kushen cold wallet handling fee:

1. Transfer handling fee

When transferring funds to other addresses, the Kushen cold wallet will charge a fee Transfer fees. The handling fee is calculated as:

手续费 = 转账金额 * 手续费系数

Among them, the handling fee coefficient is determined based on network congestion and transfer speed, usually between 0.000001 and 0.00005.

2. Lightning Network Handling Fees

When transferring money using the Lightning Network, Kushen Cold Wallet only charges routing fees and no transaction fees. Routing fees are usually very low, generally under 1 satoshi.

3. Deposit handling fee

When depositing to Kushen cold wallet, there is usually no handling fee. However, some third-party platforms may charge a small handling fee, and the specific amount depends on the platform.

4. Withdrawal fee

When withdrawing money from the Kushen cold wallet, you need to pay miner fees. Miner fees are determined by the Bitcoin network and have nothing to do with wallets. Miner fees will vary based on network congestion.

5. Other fees

In addition to the above handling fees, Kushen cold wallet may also charge the following fees:

• Activation fee: The first time you use a cold wallet, you need to pay an activation fee.
• Coin exchange fee: When exchanging currencies in the Kushen cold wallet, you may need to pay a certain handling fee.

Example:

Suppose you want to transfer 0.1 BTC to another address and the handling fee coefficient is 0.000005, then the handling fee is:

手续费 = 0.1 BTC * 0.000005 = 0.0000005 BTC

Therefore, you need to pay 0.0000005 BTC as transfer fee.

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