The primary justification for high bitcoin excavator charges is organic market . The bitcoin block size is 1MB, which implies that excavators can just affirm 1MB worth of exchanges for each square (one like clockwork). So that is the reason the digger charges on ERC-20 are so high.
Read moreHow are ETH transfer fees calculated?
The total fee is calculated as: (Gas units (limit) x Gas price per unit) . In this example, that would equate to: 21,000 x 200 = 4,200,000 gwei or 0.0042 ETH.
Read moreHow much does ERC-20 cost?
Fees Chart CryptocurrenciesCodeProcessing FeeTest CoinTCN0.23%DashDASH0.23%Tether USD ERC20 ProUSDTERC200.23%Binance CoinBNB0.23%Fees Chart | Crypto Payment Gateway | Coinremitter coinremitter.com › fees
Read moreHow are ERC-20 fees calculated?
ERC-20 tokens utilize Ethereum addresses and transactions use the same Ethereum network as ETH. As such, outgoing ERC-20 withdrawal transactions also require gas fees to process transactions. The gas fees required are dynamically calculated based on prevailing Ethereum network activity (gas price * gas limit) .
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