What are the fees associated with using Ronin Swap for buying and selling cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers Ronin Swap as a platform for buying and selling cryptocurrencies. When using Ronin Swap, you will encounter various fees. Firstly, there is a transaction fee that is charged for each trade you make. This fee is typically a percentage of the total transaction amount and can vary depending on the specific cryptocurrency you are trading. Additionally, there may be network fees associated with the blockchain network used by the cryptocurrency. These fees are paid to miners for validating and processing transactions on the network. It's important to note that these network fees are not controlled by BYDFi or Ronin Swap and can fluctuate based on network congestion and other factors. Lastly, there may be withdrawal fees if you decide to transfer your cryptocurrencies from Ronin Swap to an external wallet or another exchange. These fees are usually fixed and vary depending on the cryptocurrency you are withdrawing. For more detailed information on fees, I recommend reviewing the fee schedule provided by Ronin Swap or contacting their customer support.
  1111556