What does fixed monthly fee mean?
Could you please clarify for me what is meant by a fixed monthly fee in the context of cryptocurrency and finance? I'm trying to understand if this refers to a set amount of money that is charged on a recurring basis, regardless of the level of activity or transactions within a given month. Is it a fee that's typically associated with a particular service or platform, or can it apply more broadly? Additionally, how does this type of fee compare to other pricing structures, such as variable fees or percentage-based charges?
What is a fixed monthly fee?
Excuse me, could you please clarify what a fixed monthly fee entails? I'm not entirely familiar with the concept and would appreciate a straightforward explanation. Is it a predetermined amount of money that one has to pay each month, regardless of the services rendered or the usage of a product? How does it differ from a variable fee, and are there any benefits or drawbacks to having a fixed monthly fee?