How to calculate HyperPay cold wallet handling fee

The handling fee of HyperPay cold wallet consists of three parts: withdrawal handling fee, transaction handling fee and custom handling fee setting. The specific amount varies depending on the transaction type and network congestion level; you can check the handling fee before executing the transaction. ; To reduce the handling fee, you can choose to have less congestion periods or use lower handling fee settings.

HyperPay cold wallet handling fee calculation

HyperPay handling fee calculation:

HyperPay Cold wallet fees vary based on transaction type and network congestion. The following are the main fee types:

Withdrawal fee:

• Withdrawals from HyperPay cold wallet to other wallet addresses require a certain fee.
• The handling fee will be calculated based on the withdrawal amount and current network conditions.
• Minimum fees vary by network, usually between 0.0005 BTC and 0.001 BTC.

Transaction fee:

• HyperPay cold wallet transactions require a transaction fee, which is charged by miners to verify the transaction.
• Transaction fees are determined by network congestion. When the network is congested, fees will be higher.

Fee setting:

• HyperPay cold wallet allows users to customize transaction fees.
• Higher transaction fees prioritize transactions, which is especially important when the network is congested.
• Lower fees may cause transaction delays.

How to check the fees:

• The HyperPay cold wallet will display an estimated fee before executing a transaction.
• Users can view the handling fee amount in the transaction details.

Tips to reduce handling fees:

• Choose a time period with less network congestion for trading.
• Use lower fee settings, but may cause transaction delays.
• Consider using a SegWit compatible address, which can help reduce transaction fees.

Note:

• HyperPay cold wallet does not charge any additional fees.
• The handling fee is entirely collected by the network miners.
• The handling fee will continue to change according to network conditions.

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