Why is there a network fee for my exchange?

In order for cryptocurrency transactions to confirm consistently and reliably, the sender must include a network fee. These fees go directly to miners as a reward for validating transactions. A higher fee will incentivize miners to confirm your transaction more quickly, whereas not including a proper fee will likely result in transaction delays.

When you exchange funds in your Blockchain Wallet, the process involves two transactions: the initial funds you want to exchange, and the converted amount you receive in your Wallet. Just like any cryptocurrency transaction, the sending process is optimized by including a proper fee. With use of proper network fees, we can provide the best possible exchange experience for users.

The fee you’ll see displayed in the exchange summary is an estimate and may change based on network conditions at the exact time of exchange. If you want more information on network fees and why they are necessary, this article takes a deeper look.

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