Adjustable BTC Minimum Deposit Fee Framework#
Considering the inherent volatility in Bitcoin's mining charges, we have migrated from a static model to an adaptive Bitcoin minimum deposit fee structure. Under this structure, we assume the responsibility of all Bitcoin mining costs, hence isolating the merchant to merely a nominal deposit fee.
The Bitcoin minimum deposit fee is contingent on the median transaction cost from the previous week. The ensuing table provides a schematic representation of the price intervals and the pertinent minimum deposit fee.
| Avg transaction fee in USD | Min deposit fee in USD | |
|---|---|---|
| From | To | |
| 0 | 6 | 0.6 |
| 6 | 12 | 1.2 |
| 12 | 20 | 2 |
| 25 | 30 | 3 |
| 30 | 40 | 4 |
| 40 | 50 | 5 |
| 50 | 70 | 7 |
| 70 | 100 | 10 |
| 100 | 200 | 20 |
| 200 | 300 | 30 |
| 300 | 400 | 40 |
| 400 | 500 | 50 |
| 500 | 1000 | 100 |
In an effort to streamline our communication process, notifications regarding any changes in fees will be disseminated on a weekly basis, provided there is a change. If the fee remains unaltered, the notification will not be issued.
The average transaction fee rates can be verified at: https://www.blockchain.com/charts/fees-usd-per-transaction