When placing a Swap order, the network fees applied will vary depending on whether you are Swapping to and from your DeFi Wallet or your Blockchain.com Account. Here's a breakdown of network fees to help you navigate the process seamlessly:
To give you a clear picture, here's an example table illustrating the network fees applied to a BTC -> ETH Swap. Please keep in mind that these network fees are paid directly to the network miners or validators, not to Blockchain.com. Additionally, trades involving ETH and Ethereum-based ERC20 tokens like USDT may have more pronounced network fees.
BTC DeFi Wallet -> ETH DeFi Wallet
BTC Network Fee & ETH Network Fee
BTC DeFi Wallet -> ETH Blockchain.com Account
BTC Network Fee Only
BTC Blockchain.com Account -> ETH Blockchain.com Account
No Network Fees
Why am I being charged network fees?
Network fees play a vital role in ensuring the confirmation of cryptocurrency transactions. These fees serve as a reward for miners or network validators who validate these transactions. To ensure the fastest possible on-chain settlement, Swap utilizes priority fees.
It's important to note that Blockchain.com has no control over the current network fees, as they are determined by the network's prevailing conditions at the time of your Swap.
Differentiating network fees from the spread
Please note that network fees are distinct from the spread applied to your swap order. For all transactions, Blockchain.com applies a spread to the open market rate to create the user’s quoted price. Please note that the spread can fluctuate between orders due to market conditions.
Rest assured, we always display the quoted price to you before you finalize your order, ensuring transparency and clarity.