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What are the fees associated with converting NEO to GAS?

avatarTracy GriffinDec 18, 2021 · 3 years ago3 answers

Can you please explain the fees involved in converting NEO to GAS in detail? I would like to know the charges and any additional costs associated with this process.

What are the fees associated with converting NEO to GAS?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When converting NEO to GAS, you may encounter certain fees. These fees can vary depending on the platform or exchange you use. Some exchanges charge a fixed fee for each conversion, while others may have a percentage-based fee. Additionally, there might be network fees associated with the transaction, which are usually paid to the NEO network. It's important to check the fee structure of the specific platform or exchange you are using to convert NEO to GAS.
  • avatarDec 18, 2021 · 3 years ago
    Converting NEO to GAS typically incurs fees, but the exact amount can differ from one exchange to another. Some exchanges charge a flat fee, while others have a percentage-based fee. Additionally, you may need to consider the network fees associated with the NEO blockchain. These fees are used to incentivize network validators and ensure the security of the network. To find out the specific fees for converting NEO to GAS, it's best to check the fee schedule of the exchange you plan to use.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to converting NEO to GAS, the fees involved can vary depending on the exchange you choose. For example, Binance charges a flat fee of 0.1 GAS for each NEO-to-GAS conversion. However, it's worth noting that fees can change over time, so it's always a good idea to check the latest fee structure on the exchange's website. Additionally, keep in mind that there might be network fees associated with the transaction, which are paid to the NEO network to process and validate the conversion.