Cryptocurrency Q&A
What are the mint fees for WBTC?
What are the mint fees for WBTC?
Carlo
Fri Jun 14 2024
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7 answers
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Could you please explain what the mint fees are for Wrapped Bitcoin (WBTC)? I'm curious to know if there are any associated costs when converting Bitcoin into this wrapped version. Also, do the mint fees vary depending on the amount of WBTC being minted, or are they fixed? It would be helpful to have a clear understanding of the costs involved before proceeding with the minting process. Thank you for your assistance in clarifying this matter.
7 answers
Martina
Sun Jun 16 2024
As the amount increases, the fees decrease, reaching 0.10% for minting and 0.14% for redeeming.
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SamuraiCourage
Sun Jun 16 2024
Similarly, Wrapped Filecoin (EFIL) also has a tiered fee structure.
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SeoulSerenitySeekerPeace
Sun Jun 16 2024
Wrapped Bitcoin (WBTC) offers competitive fees for minting and redeeming operations.
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Bianca
Sun Jun 16 2024
Minting fees for 0-2,500 FIL/EFIL start at 0.25%, while redeeming fees are slightly higher at 0.50%.
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Paolo
Sun Jun 16 2024
As the amount of FIL/EFIL increases, the fees decrease gradually.
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