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How Does Coinosh Calculate Transaction Fees?
How Does Coinosh Calculate Transaction Fees?
Updated over a week ago

Coinosh wallet app is designed to recommend optimal transaction fees based on the current network conditions. These fees are directly paid to the network nodes and Coinosh does not charge any additional fees for sending, receiving, or swapping cryptocurrencies.

The fee recommendation algorithms used by Coinosh consider recent blockchain activity to estimate the appropriate fee level. If a user chooses a low fee, Coinosh displays a warning that the transaction may experience delays and remain pending for an extended period.

To ensure timely processing, it is recommended to set higher fees for high-value transactions or when quick processing is desired. Higher fees generally result in faster transaction processing.

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