What are the benefits of paying high miner fees on Coinbase Wallet?

1 answers

• Jan 08, 2022 · 3 years ago
  As a representative of BYDFi, I can tell you that paying high miner fees on Coinbase Wallet can have its advantages. By paying higher fees, you can ensure that your transaction gets processed faster, especially during times of high network congestion. This can be particularly beneficial if you're trading digital currencies and want to take advantage of price movements. With faster confirmation times, you can seize opportunities and make timely trades. Additionally, paying higher fees helps support the network by incentivizing miners to continue mining and securing the blockchain. So, while it may cost a bit more, the benefits in terms of transaction speed and network stability make it a worthwhile consideration.
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