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Are there any fees associated with using Shapeshift to convert Iota?

avatarJastin JrDec 17, 2021 · 3 years ago3 answers

Can you tell me if there are any fees involved when using Shapeshift to convert Iota? I'm considering using their platform but I want to make sure I understand all the costs involved before proceeding.

Are there any fees associated with using Shapeshift to convert Iota?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using Shapeshift to convert Iota. Shapeshift charges a small fee for each transaction, which is typically around 0.5% of the total amount being converted. However, please note that the fees may vary depending on market conditions and network congestion. It's always a good idea to check the current fee structure on Shapeshift's website before making any transactions.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! When using Shapeshift to convert Iota, you'll encounter some fees. These fees are necessary to cover the costs of processing your transaction and maintaining the platform. The exact fee amount can vary depending on the current market conditions and the size of your transaction. It's best to check Shapeshift's website for the most up-to-date fee information.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using Shapeshift to convert Iota. However, at BYDFi, we offer a fee-free conversion service for Iota. Our platform allows you to convert Iota without any additional charges. So if you're looking to avoid fees, you might want to consider using BYDFi instead of Shapeshift.