Are there any fees associated with transferring Luna tokens to a burn wallet address?

3 answers

• Nov 29, 2021 · 3 years ago
  Yes, there may be fees associated with transferring Luna tokens to a burn wallet address. The fees can vary depending on the blockchain network you are using and the current network congestion. It is recommended to check the fee structure of the specific blockchain network you are using to get accurate information on the fees.
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• Nov 29, 2021 · 3 years ago
  Transferring Luna tokens to a burn wallet address may incur transaction fees. These fees are usually required to cover the cost of processing the transaction on the blockchain network. The amount of fees can vary and it's important to check the fee schedule of the specific blockchain network you are using.
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• Nov 29, 2021 · 3 years ago
  When transferring Luna tokens to a burn wallet address, it is important to consider the transaction fees involved. Different blockchain networks may have different fee structures, so it's recommended to check the fee schedule of the network you are using. For example, on the BYDFi exchange, there is a flat fee of 0.1% for Luna token transfers to a burn wallet address.
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