At Rain, we are dedicated to delivering remarkable services at the most competitive rates. Noting that during times of increased network activity, the actual network fee may be higher than usual.
As a result, we will be introducing a new Dynamic Send Fee for transferring coins from your Rain account to an external wallet for all coins.
What is Dynamic Send Fee?
A network send fee is required to ensure your transaction is confirmed by the network and fluctuates based on the volume of the network.
- The fee will vary depending on the network’s condition; the fee will be higher during volatile times, however, it can be lower during stable market times.
- The fee will be calculated at the time of the transaction and it will always be shown in the confirmation page before the transaction completes.
- The dynamic fee will be used to cover rising transaction costs on the selected coin network.
- You will have the option to choose the priority of your send transaction. Transactions processed instantly will be completed within 10 minutes.
For more information about how to send bitcoin from your Rain account click here.