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Wallet Fees

Understand Floor Wallet fees: transparent breakdown of blockchain (gas) fees and Floor's small 0.85% fee on most swaps.

Updated over a week ago

At Floor, we believe in keeping things straightforward, especially when it comes to fees. Below, you’ll find the information on what you might encounter when using your Floor Wallet.

Blockchain Fees (Gas Fees)

Since the Floor Wallet operates on the blockchain, there will be network fees (often called “gas fees”) associated with transactions. These fees are paid directly to the network (not to Floor) in order to process and validate your transactions. Here are a couple examples of fees that you may encounter:

  • Transaction Fees: Common on most blockchains and are usually a small percentage of the transaction value or a fixed amount. This covers the cost of processing and validating your transaction on the blockchain.

  • Smart Contract Interaction Fees: When using decentralized applications (dApps) that run on smart contracts, you’ll likely encounter a fee for interacting with those contracts. The complexity of the interaction will determine the fee amount.

There are also a couple factors to consider when transacting, outlined below:

  • Fee Volatility: Blockchain fees can vary greatly depending on network congestion and demand. Be sure to always check the estimated fees before confirming a transaction.

  • Network Speed: Some blockchains offer faster transaction speeds in exchange for higher fees, or slower transaction speeds for a decreased fee. Choose the speed that best suits your needs.

While these fees are outside of Floor’s control, we always aim to provide you with the most accurate estimate possible before you confirm any transaction.

Floor’s Fee

Fees are simple – we charge a small fee of 0.85% on most swaps. This fee helps us cover the costs of operating and improving the Floor Wallet, so you can always have a smooth and secure experience.

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