Every time you send any cryptocurrency, from your address to another, you incur a Network Transaction fee, also referred to as a Network fee. Making trades on exchanges also require fees for every buy or sell transaction. Do note that our transactions are free of charge.

Mining is the process through which cryptocurrency transactions are gathered, verified and recorded into a digital ledger known as blockchain. The work done by miners and validators is essential for maintaining the integrity of the network. This is why fees are essential in order for a network to work smoothly.

Fees can fluctuate depending on market demand and network capacity. The amount you pay per transaction is determined by how much you’re willing to spend. The more you pay the faster your transaction is processed. For those who are paying less, their transactions are set aside until the miners do not see higher priority transactions.

While our wallet is entirely free to use, there is a small fee included in your transaction that goes to Bitcoin Cash network miners, who help power the flow of BCH transactions. Our wallet will recommend a transaction fee, based on the current network conditions and your transaction.

Since miners collect gas fees paid by the sender, they usually look for transactions with the highest gas price to approve first. That is why lower gas price transactions take longer to process. In a pool of many transactions, some transactions with the lowest gas prices never get picked up - miners are not willing to process them. It results in them getting “stuck” in a pending status.

If you are not in a hurry, then you can just let the transaction go through on its own. Eventually, the network will be less congested and miners will pickup your transaction. The only downside is that there is no specific timeframe on how long the network will be less congested or when the miners decide to process the transaction.