What are the fees associated with using Flume for NFT trading?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to using Flume for NFT trading, there are a few fees to keep in mind. Firstly, there is a transaction fee for each trade you make on the platform. This fee is typically a percentage of the total transaction amount and is used to cover the costs of processing and verifying the transaction. Additionally, there may be network fees associated with using the blockchain network that Flume operates on. These fees are paid to the network miners who validate and record the transactions on the blockchain. The exact amount of these fees can vary depending on network congestion and other factors. It's important to consider these fees when trading NFTs on Flume to ensure that they align with your trading strategy and goals.
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• Dec 17, 2021 · 3 years ago
  Flume charges a transaction fee for each NFT trade made on their platform. This fee is typically a percentage of the total transaction value and is deducted from the final amount received by the seller. The exact percentage may vary depending on the specific NFT being traded and the current market conditions. Additionally, there may be gas fees associated with using the Ethereum blockchain, which is the underlying technology behind Flume. These gas fees are paid to the Ethereum network to process and validate the transactions. The amount of gas fees can vary depending on network congestion and the complexity of the transaction. It's important to factor in these fees when considering the profitability of NFT trading on Flume.
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• Dec 17, 2021 · 3 years ago
  When it comes to fees associated with using Flume for NFT trading, it's important to note that the platform charges a transaction fee for each trade. This fee is typically a percentage of the total transaction value and is deducted from the final amount received by the seller. Additionally, there may be gas fees associated with using the Ethereum blockchain, which is the underlying technology behind Flume. These gas fees are paid to the Ethereum network to process and validate the transactions. The exact amount of these fees can vary depending on network congestion and the complexity of the transaction. It's advisable to consider these fees when planning your NFT trading strategy on Flume.
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