In this article:
Learn about the different crypto fees you might encounter in Best Wallet.
Whilst Best Wallet charges no upfront service or platform fees, there are some fees when buying and transacting crypto that you may encounter.
We have broken down some of the common fees you might encounter while using Best Wallet.
What fees will you pay in Best Wallet?
A list of the most common fees you may pay in Best Wallet:
Gas Fees
A gas fee is another term for a transaction fee, coined and most commonly used for the Ethereum network (but is also used on other crypto networks, like Polygon).
When you pay a gas fee, you are paying for the computational energy it takes to carry out your transactions on a blockchain. Gas fees are unavoidable in crypto, as they are an integral part of keeping blockchains working.
They fluctuate based on network demand and are payable in the network's native cryptocurrency, so you would pay for gas fees on the Ethereum network with ETH tokens.
Read our in-depth guide on gas fees.
Provider Fees
Provider fees are sometimes payable when you're swapping in Best Wallet, especially if you're swapping crypto cross-chain. They're not set or charged by Best Wallet, but rather the providers that facilitate cross-chain swaps (often called bridges).
This is because when you trade tokens cross-chain, you're essentially using a big shared pot of tokens on a decentralized exchange (DEX) or several exchanges.
This big pot, called a liquidity pool, is made up of tokens that people have locked up in a program to help others trade easily.
Because these people are taking a risk by lending their tokens, they get paid a small part of the trades that happen as a reward. These are called Liquidity Provider Fees (often abbreviated to just Provider Fees), which you will need to pay when executing a cross-chain swap in Best Wallet.
This fee is just a very small percentage of the amount you're trading and is to be paid in the native token of the network that you're swapping on.
So if you're swapping from the Ethereum blockchain, you pay the Provider Fee in ETH, if you're swapping from the Solana network, you pay it in SOL, and so on.
Read our detailed guide on provider fees.
Processing fees when buying crypto
Best Wallet has partnered with Onramper, which helps pair crypto purchases in-app with the best third-party providers.
However, when you buy crypto in Best Wallet via a provider, you may have to pay processing fees. Again, Best Wallet does not set or receive any of these fees.
So, for example, when you buy ETH in Best Wallet through a trusted provider, any fees that are charged go directly to that third-party provider and not Best Wallet.
Need further support?
If you're unsure about a certain fee or need help navigating gas fees, you can contact the Best Wallet support team either by using the Get Help screen in your Best Wallet app's Settings or by opening a ticket on our Support site.
Important Reminder:
No one from Best Wallet will ever request your wallet’s private key. Keep this information strictly private and do not share it with anyone.