How much do I need to pay in fees when using Tether for digital currency transfers?

3 answers

• Jan 05, 2022 · 3 years ago
  When using Tether for digital currency transfers, the fees can vary depending on the platform or exchange you are using. Some exchanges may charge a flat fee for each transaction, while others may charge a percentage of the total transaction amount. It is important to check the fee structure of the specific platform or exchange you are using to get an accurate understanding of the fees involved.
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• Jan 05, 2022 · 3 years ago
  The fees for using Tether can also depend on the type of transaction you are making. For example, if you are transferring Tether between wallets within the same exchange, the fees may be lower compared to transferring Tether to an external wallet or another exchange. It is recommended to review the fee schedule provided by the exchange or platform to understand the specific fees for different types of transactions.
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• Jan 05, 2022 · 3 years ago
  At BYDFi, the fees for using Tether are transparent and competitive. We charge a flat fee of 0.1% for each Tether transaction, regardless of the transaction amount. This fee covers the cost of processing and securing the transaction on the blockchain. It is important to note that fees may also be incurred when depositing or withdrawing Tether from the exchange, depending on the specific platform or exchange you are using.
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