What are miner fees and does CoinZoom pay them?
Created by: Ben Crosland
Modified on: Wed, 5 Jun, 2019 at 2:49 PM
To ensure that transactions are processed on digital currency networks, outgoing transactions to external digital currency addresses typically incur a "mining" or "network" fee. This fee is paid to digital currency miners, which are the systems that process the transactions and secure the respective network. CoinZoom incurs and pays these fees directly. Accordingly, CoinZoom will charge you a fee based on our estimate of the network transaction fees that we anticipate paying for each transaction. In certain circumstances, the fee that CoinZoom pays may differ from that estimate. All fees we charge you will be disclosed at the time of your transaction. CoinZoom does not charge network fees for digital currency transfers from one CoinZoom wallet to another.
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