The calculation method of virtual currency handling fees varies by currency and exchange. Ethereum handling fees are called "gas fees", which depend on transaction complexity and network congestion, and are determined by the gas amount and gas price. Bitcoin handling fees are "miner fees", which depend on transaction byte size and network congestion, and are determined by transaction weight and vByte rate. The calculation method for other virtual currency handling fees is similar, and factors include transaction size, priority and network congestion.
How to calculate the virtual currency handling fee
The virtual currency handling fee is what users need to pay when conducting virtual currency transactions. fee. The calculation method of handling fees varies according to different virtual currencies and exchanges.
Ethereum
The handling fee of Ethereum is called "gas fee", which depends on the complexity of the transaction and the congestion of the network at the time. The unit of gas fee is "gwei", and 1 gwei is equal to 0.000000001 ETH.
To calculate Ethereum’s handling fees, the following factors need to be considered:
Handling fee = gas amount * gas price
Bitcoin
The handling fee of Bitcoin is called "miner fee". It is based on the byte size of the transaction and the congestion on the network at the time. The unit of handling fee is "satoshi", and 1 satoshi is equal to 0.00000001 BTC.
To calculate Bitcoin fees, you need to consider the following factors:
Handling fee = transaction weight * vByte rate acceleration fee
Other virtual currencies
Other virtual currencies (such as Litecoin, Ripple) The calculation method of handling fee is also similar. Factors in calculating fees may include transaction size, priority and network congestion at the time.
The above is the detailed content of How is the handling fee for virtual currency calculated?. For more information, please follow other related articles on the PHP Chinese website!