What are the fees for using Tornado Cash?
Chmmi_KukotDec 30, 2021 · 3 years ago3 answers
Can you please provide more details about the fees associated with using Tornado Cash? I would like to know how much it costs to use this service and if there are any additional charges or hidden fees.
3 answers
- Dec 30, 2021 · 3 years agoWhen using Tornado Cash, there are two types of fees that you need to consider. The first one is the gas fee, which is the cost of executing the transaction on the Ethereum network. This fee can vary depending on the network congestion and the gas price you set. The second fee is the service fee, which is charged by Tornado Cash for providing the privacy service. The service fee is currently set at 0.1% of the total transaction amount. Please note that these fees are subject to change and it's always a good idea to check the latest fee structure on the Tornado Cash website.
- Dec 30, 2021 · 3 years agoUsing Tornado Cash incurs fees that are necessary for the smooth operation of the service. The gas fee covers the cost of executing the transaction on the Ethereum network, while the service fee is charged by Tornado Cash for providing the privacy service. The gas fee can vary depending on the network congestion and the gas price you set, while the service fee is currently set at 0.1% of the total transaction amount. It's important to consider these fees when using Tornado Cash to ensure you have a clear understanding of the costs involved.
- Dec 30, 2021 · 3 years agoWhen using Tornado Cash, you will encounter two types of fees. The first one is the gas fee, which is the cost of executing the transaction on the Ethereum network. This fee can vary depending on the network congestion and the gas price you set. The second fee is the service fee, which is charged by Tornado Cash for providing the privacy service. The service fee is currently set at 0.1% of the total transaction amount. It's important to factor in these fees when using Tornado Cash to ensure you have an accurate estimate of the overall cost.
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