Topic: Transfer Fee of ETH and BTC (Read 108 times)

Should t be specific for Trust Wallet?
Trust Wallet provides some networks fees and each network will require different fees for transferring.
Additionally, how much fee that is required or calculated will be changing due to the market demand and network capacity.
What I mean by different networks can be read from the following article because there are some network types with different fees and availability.
Require Network fees

About this calculation of Trust Wallet, please refer to this article:
How are fees calculated?

You can use this https://etherscan.io/gastracker
The fees calculated by the average fees from all of transactions that already confirmed by the block or miners. That will create a standard transactions fees that must be followed by all of transactions that wanna be confirmed by the block.
Im sure if it's not free coz it was moving from one to the another address. this is not a centralized entity that let you switch from one to the another wallet.
It must be centralized and there are no wallets like that. If you wanna get it and store your fund on cex.
Yes and that's segiwt address. BTC is far cheaper than ethereum right now.

When you transact via metamask or ledger it should give you a max fee before ETH.

Alternatively, you can check yourself on sites like Etherscan for ETH and average bitcoin fees are pretty much everywhere.

I'd say that you probably want to keep in touch with gas fees more than BTC fees - BTC is generally quite cheap to transact nowadays whereas ETH transactions take hundreds of dollars to execute.

Some people use legacy addresses, just because they don't know the difference and advantages of segwit addresses,
Also, some services don't support segwit addresses, because they are outdated.


Before segwit soft fork, transactions were being prioritized based on the paid per byte. But now transactions are prioritized based on the fee paid per vbyte (a unit for measuring virtual size of a transaction)
Segwit transactions have a different format which makes them have a lower virtual size. This causes segwit transactions to be cheaper.

If it is on chain transactions which need confirmations on the network, you will always have to pay transaction fee.

If it is credit transactions inside a system, it can be free but it does not mean you really own any coins. It is just a credited number which is not real coin.

Transaction fee of Bitcoin is much cheaper than that of Ethereum. Check with https://withdrawalfees.com/

best answer and explanation ever, TX
and how an i know which wallet create segwit address and if these addresses are cheaper why all people use other addresses ?
why these addresses are cheaper ?
any reference to find some tips like this? (that these addreses are cheaper ... )

Every time you make a transaction, you have to pay the network fee.
The network fee is the money you pay to miners (when dealing with a POW coin like BTC or ETH) or validators  (when dealing with a POS coin like TRON)

The fee depends on many factors.
In bitcoin, the transaction fee depends on transaction size (which is a function of number of inputs and outputs) and how fast you want your transaction to be confirmed.
In ethereum, the transaction fee depends on required gas and how fast you want your transaction be confirmed.

Note that the more congested the network is, the more fee you have to pay.


No.
You have to pay fee for any on-chain transaction.


There may be some custodial wallets (or exchanges) that don't charge you any fee when making a transaction from one account to another account.
but since you don't have full control over your fund in such wallets (or exchanges), I recommend you to not use them for holding your cryptocurrencies.  



You can pay lower fee if you use segwit addresses.

There are two kinds of segwit addresses.

1. Native segwit: addresses that start with bc1q
2. Nested segwit: addresses that start with 3*

Using native segwit addresses, the transaction fee can decrease up to 53%
Using nested segwit addresses, the transaction fee can decrease up to 38%

*Not all addresses that start with 3 are segwit. They may be multi-signature.

Hey
how can i check or calculate ETH / BTC / USDT fee for transfering from trust wallet to another wallet ?
is there any specific rule how this fee calculated ?

is transferring from trustwallet to trustwallet (internal transfer) free ?
or any wallet that have internal (free) option?

is there a difference between BTC address? some one told me that new BTC address has cheaper fee when we want to transfer BTC tho them.