What Are Transfer Fees?

When making a transaction on a blockchain, a small amount of the blockchain’s native coin or token must be paid as a transfer fee (also called a transaction fee).

In real-world terms, this fee is like fuel that powers the execution of your transaction.

These fees are paid directly to the miners or validators of the blockchain, who confirm and record your transaction on the network.

❓ Important: Transfer fees are network fees. Enjin does not charge additional fees or take any portion of them.

How Much Fee Should I Use?

Transaction fees vary across blockchains and constantly fluctuate depending on network activity.

When transacting (e.g., sending ENJ or purchasing an NFT), you must specify the maximum fee you are willing to pay.

• Higher fees = faster confirmation.

• Lower fees = slower confirmation, or in some cases, the transaction may be dropped if the network is congested.

Fee Options in the Enjin Wallet

On the Enjin Wallet app, there are three preset fee options:

• Slow – Pay less, but transactions may take longer.

• Standard – Balanced option; this is the default setting.

• Fast – Pay more for quicker confirmation.

To change this:

1. On the transaction screen, tap the drop-down on the right side of the Transaction Fee field.

   

2. Select your preferred option.

   

Recommended Fee Trackers

To estimate suitable fees, you can check fee trackers for different blockchains:

Choosing Fees Manually

You can also set fees manually in Advanced mode:

1. Tap the drop-down in the Transaction Fee field.

   

2. Select Advanced.

   

3. Enter the amount you are willing to pay (in gwei, not fiat currency).

   

4. Tap Done. After confirming, the app will display the approximate cost of the fee in fiat currency as well.

Need More Help?

For additional assistance, visit Enjin Support.