Network fees and suggested minimum amounts

by Maret 0 Comments
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

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.

Currency fluctuation

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. 

Changelly commission

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.

John’s case

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.

If the amount is insufficient, you will be alerted.

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.

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