Cryptocurrency Q&A Why are Atomic Wallet fees so high?

Why are Atomic Wallet fees so high?

BonsaiGrace BonsaiGrace Mon Dec 09 2024 | 7 answers 1441
I'm trying to understand why the fees for Atomic Wallet seem to be much higher compared to other crypto wallets. Is there a specific reason for this? Why are Atomic Wallet fees so high?

7 answers

Valentino Valentino Wed Dec 11 2024
The mempool serves as a holding area for all transactions awaiting confirmation.

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EchoSeeker EchoSeeker Wed Dec 11 2024
It contains a list of transactions that are currently waiting to be verified by the network.

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Margherita Margherita Wed Dec 11 2024
The confirmation fee for transactions increases as more of them are waiting in the queue.

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Martino Martino Wed Dec 11 2024
When you decide to send a transaction using your Atomic Wallet app, you initiate the process by clicking the "Send" button.

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CryptoLegend CryptoLegend Wed Dec 11 2024
The transactions in the mempool compete for limited resources, specifically mining power, to get confirmed.

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