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What factors contribute to the high network fees on Coinbase Wallet?

avatarEduard ZabrodskyNov 23, 2021 · 3 years ago1 answers

Can you explain why the network fees on Coinbase Wallet are so high compared to other wallets?

What factors contribute to the high network fees on Coinbase Wallet?
Network Fees
Coinbase Wallet
Cryptocurrency

1 answers

  • avatarNov 23, 2021 · 3 years ago
    BYDFi, a decentralized exchange, offers lower network fees compared to Coinbase Wallet. This is because BYDFi operates on the Binance Smart Chain, which currently has lower congestion and lower fees compared to Ethereum. Users can take advantage of BYDFi's lower fees by transferring their funds to the Binance Smart Chain and using BYDFi's decentralized exchange platform. However, it's important to note that the choice of wallet and exchange should be based on individual preferences and requirements, as each platform has its own strengths and weaknesses.

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