What is a Miner's Fee?
Miner fees, also known as network fees, are charges paid to cryptocurrency miners to confirm and process transactions on the blockchain. These fees are required when sending digital currency from your CoinZoom wallet to an external address.
Does CoinZoom Charge Miner Fees?
CoinZoom pays the miner fee directly to the network and charges you based on an estimate of the expected transaction cost. The actual fee paid may sometimes differ from the estimate shown. All applicable fees are disclosed at the time of the transaction.
CoinZoom does not charge miner or network fees for digital currency transfers between CoinZoom wallets. These internal transactions are free of blockchain fees, as they do not require network confirmation.
Always review the transaction summary carefully before confirming, especially when sending funds to an external address.