Cryptocurrency Q&A What is the minting fee for tBTC?

What is the minting fee for tBTC?

Arianna Arianna Tue Nov 05 2024 | 7 answers 1600
I am curious about the minting fee associated with tBTC. I would like to know the specific amount or percentage charged for minting this token. What is the minting fee for tBTC?

7 answers

Elena Elena Thu Nov 07 2024
When utilizing the bridge, users are charged a mint fee and a redemption fee.

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Tommaso Tommaso Thu Nov 07 2024
As of now, the mint fee stands at 0%, meaning users do not have to pay anything to mint tBTC.

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Rosalia Rosalia Thu Nov 07 2024
The redemption fee, however, is set at 0.2%, which users must pay when redeeming their tBTC.

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SejongWisdomKeeper SejongWisdomKeeper Thu Nov 07 2024
The rates for these bridge fees are not fixed and can be adjusted over time.

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WhisperInfinity WhisperInfinity Thu Nov 07 2024
The fees associated with tBTC are based on specific actions taken by users.

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