Network fees and suggested minimum amounts
Dear our customers! We always strive to let you take the most advantage from cryptocurrencies. To get the smoothest experience with Changelly, it’s important to know about fees and currency fluctuations. This tiny article will help you to get to know exchange process better and accurately calculate the amount to exchange.
Some of our users have faced to an issue when the amount they’ve sent after all fees taken becomes too low to be processed. As a result a transaction fails, the money is gone, and we cannot refund the amount due to the fees. To avoid a misunderstanding you should know about the fees, how and when they are taken.
Network fees are fixed and taken each time wherever money is sent. Each currency has its strict amount taken for operations. This fee is taken when your money is included into a blockchain. Changelly doesn’t influence or regulates these fees.
Every crypto rate rises and drops. The more volatile a crypto is, the more it’ll affect the final rate, especially when you are going to convert a large amount.
There is no secret that Changelly charges 0.5% commission for each transaction. It’s charged after an exchange process is finished, but before your money is sent to a recipient’s address.
Now, let’s get down to the case to make things clear.
John wants to exchange 20 XMR to BTC. To do that, John goes to the homepage, types the amount he wants to exchange on the left and see the estimated BTC amount on the right (0.39 BTC), follows the instructions given and sends 20 XMR to the address provided by Changelly.
In fact Changelly receives only 19.9 XMR from John. 0.1 XMR remained is called a network transaction fee. It is taken once your money is successfully sent to our wallet. In this case, the network fee is taken by the Monero blockchain.
While waiting a payment confirmation (5-20 minutes), the rates may rise and drop. After we receive the payment, we exchange money instantly at the best rate at the given moment. As Monero’s rate has been risen, instead of 0.39 BTC, John gets 0.41 BTC.
The process is finished, and now the exchanged money (0.41 BTC) should be sent to John’s wallet. This is the moment, when Changelly charges the commission 0,5%. After the commission taken, 0.40 BTC is the amount remained. AWhile sending, the Bitcoin blockchain charges 0.0002 BTC for the transaction. After the confirmation (5-20 minutes), John will get 0.3998 BTC to his wallet.
To sum up
According to the fees, we’ve made a table of cryptocurrency network fees and a minimal amount suggested, so you can look it up and make sure that your money is enough to be exchanged. The rates were calculated according to an exchange to BTC, the network fees and possible fluctuation. These are approximate rates. It’s still highly recommended for you to calculate your amount first and include in it the network fee of the coin you want to exchange.
Table of network fees and minimum amounts
Since cryptocurrency is highly volatile, the minimum amounts provided in the table may vary. You can see the actual amount when creating a transaction on Changelly.
|Cryptocurrency name||Network fee||Suggested minimum amount|
|1st Blood||0.01 1ST||112.01398677 1ST|
|AdEx||0.01 ADX||35.3156 ADX|
|Aragon||0.01 ANT||17.01039639 ANT|
|Ardor||1 ARDR||129.7968 ARDR|
|Augur||0.01 REP||1.62353411 REP|
|Basic Attention Token||0.01 BAT||183.45702793 BAT|
|Bancor Network Token||0.01 BNT||13.93459322 BNT|
|Bitcoin||from 0.00085 BTC*||0.004 BTC|
|Bitcoin Cash||0.031 BCC*||0.08869991 BCC|
|Byteball||0.002 GBYTE||0.14319398 GBYTE|
|Bytecoin||0.01 BCN||19,730.04246097 BCN|
|Chronobank||0.1 TIME||1.41482711 TIME|
|Darcrus||2 DAR||26.29078807 DAR|
|Dash||0.02 DASH||0.10005415 DASH|
|Decred||0.03 DCR||1.09063015 DCR|
|DigitalNote||0.001 XDN||22,110.57199041 XDN|
|DigitaxDAO||0.01 DGD||0.45658622 DGD|
|Doge Coin||1 DOGE||28,152.70068528 DOGE|
|Edgeless||0.01 EDG||62 EDG|
|EOS||1 EOS||51.36805933 EOS|
|Ethereum||0.00042 ETH||0.09517652 ETH|
|Ethereum Classic||0.00042 ETC||2.57073354 ETC|
|Expanse||0.00042 EXP||16.73171995 EXP|
|FantomCoin||0.00001 FCN||381.46676006 FCN|
|GameCredits||0.01 GAME||13.51321365 GAME|
|Golem||0.01 GNT||104.90649901 GNT|
|Golos||0 GOLOS||111.953 GOLOS|
|Golos Gold||0 GBG||68.233 GBG|
|Gnosis||0.01 GNO||0.39575249 GNO|
|Gulden||0.2 NLG||294.12602597 NLG|
|Guppy||0.1 GUP||216.956 GUP|
|iEx.ec||0.01 RLC||56.19260333 RLC|
|LBRY||0.01 LBC||186.90433902 LBC|
|Lisk||0.1 LSK||5.86257323 LSK|
|Litecoin||0.003 LTC||0.49134559 LTC|
|Lunyr||0.01 LUN||5.12892544 LUN|
|Melon||0.003 MLN||0.42217993 MLN|
|Metal||0.01 MTL||3.97094384 MTL|
|MaidSafeCoin||10 MAID||77 MAID|
|Monero||0.1 XMR||0.32021818 XMR|
|NAV Coin||0.001 NAV||35.94660689 NAV|
|NEO||0 NEO||2 NEO|
|NEM||3 XEM||131.304758 XEM|
|Nxt||1 NXT||454.46234852 NXT|
|NuBits||0.02 NBT||28.79154417 NBT|
|OmiseGo||0.01 OMG||3.75060083 OMG|
|PIVX||0.0001646 PIVX||5.85205085 PIVX|
|PotCoin||0.01 POT||432.30422138 POT|
|Qtum||0.01 QTUM||2.13672818 QTUM|
|QuazarCoin||0.005 QCN||635 QCN|
|Radium||0.0002 RADS||8.60407707 RADS|
|Ripple||0.000012 XRP||135.33977842 XRP|
|SingularDTV||1 SNGLS||201 SNGLS|
|Steem||0 STEEM||7.229 STEEM|
|Steem Dollars||0 SBD||10 SBD|
|Status||0.01 SNT||1,072.87651888 SNT|
|Stellar||0.00001 STR(XLM)||931.3986343 STR (XLM)|
|Stratis||0.1 STRAT||9.14498984 STRAT|
|Synereo||20 AMP||230.11035546 AMP|
|Syscoin||0.02 SYS||157.90811951 SYS|
|TenX||0.01 PAY||15.02209401 PAY|
|Tether||1 USDT||28.74772129 USDT|
|Trustcoin||0.01 TRST||85.297404 TRST|
|Waves||0.001 WAVES||7.40453788 WAVES|
|Wings DAO||0.01 WINGS||27.10124749 WINGS|
|Wings DAO||0.01 WINGS||63.40946418 WINGS|
|Xaurum||0.1 XAUR||151.30733653 XAUR|
|Zcash||0.0001 ZEC||0.1278884 ZEC|
|Zero X Protocol||0.005 ZRX||133.20478355 ZRX/td>|
*Dynamic network fee. The actual amount of a network fee depends on the amount being sent and the load of the bitcoin blockchain.
All the minimal rates are stated against BTC.