Crypto purchase fees

[jairoebenedetti]

Hello,

I thought Trust Wallet didn’t use to charge fees for crypto purchase. Was I wrong? Recently when I buy crypto I’m charged with higher fees. How do Trust Wallet fees work? I read a blog on Trust Wallet website where it says that it doesn’t charge any fees for crypto purchase, but it doesn’t seem to be the case.

Thank you.

[JennyMillan]

Hello @jairoebenedetti,
The app does not charge a fee but there is a network fee that will be paid to the miners.

Once you try and send an amount, it automatically calculates the fees.

Learn more here:

Cryptocurrency Network Fees

This article explains what network fees are and how they work. Trust Wallet is a fully decentralized app and follows the rules of the networks it connects to. No funds are kept in the wallet and no fees are collected by the app. What are Network Fees? Every time you send any cryptocurrency, from your address to another, you incur a Network Transaction fee, also referred to as a Network fee. Making trades on exchanges also require fees for every buy or sell transaction. The actual fee you …

[jairoebenedetti]

@JennyMillan Then when I’m purchasing crypto assets on Trust Wallet, what are the “trust wallet fees” that appear in the description of fees. For exemple yesterday I bought Luna, and the fees were:
Transak fee: 5.2
Trust Walle fees: 1
Network fees : 0.8

[JennyMillan]

@jairoebenedetti I just explained to you, Trust wallet doesn’t charge fees.
If you purchase through our 3rd party crypto providers, they are the ones charging a fee and also a network fee is charged.