Are there any fees associated with using the Shiba Inu Burn Portal?

3 answers

• Abdullah NaheedJul 10, 2024 · a year ago
  Yes, there are fees associated with using the Shiba Inu Burn Portal. When you burn your Shiba Inu tokens, there is a transaction fee that you need to pay. The fee amount is determined by the network congestion and the gas price at the time of the transaction. It is important to note that the fee is paid in Ethereum (ETH), the native cryptocurrency of the Ethereum network. Therefore, you will need to have enough ETH in your wallet to cover the transaction fee.
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• sthephnus saleemJun 22, 2020 · 5 years ago
  Using the Shiba Inu Burn Portal incurs transaction fees. These fees are necessary to ensure the security and efficiency of the transaction. The fees are calculated based on the gas price and network congestion. It is advisable to check the current gas price and estimate the fee before initiating the burn process. Keep in mind that the fee is paid in ETH, so make sure you have enough ETH in your wallet to cover the transaction cost.
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• Shubham JadhavAug 25, 2020 · 5 years ago
  Yes, there are fees associated with using the Shiba Inu Burn Portal. The fees are determined by the Ethereum network and can vary depending on the network congestion and gas price. It is recommended to check the current gas price and estimate the fee before proceeding with the burn transaction. Please note that the fees are paid in ETH, so ensure that you have enough ETH in your wallet to cover the transaction cost. If you have any specific questions regarding fees, you can reach out to the support team at BYDFi for further assistance.
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