Network fees are paid for your transaction to be confirmed and included into the BLOCKCHAIN. The fee paid is a reward for network MINERS to process your transaction to be finalized.
SideShift.ai calculates the network fees for the coin pair selected and applies to the SHIFT.
How network fees are included in your SHIFT
SideShift.ai applies network fees for SHIFTS involving certain coins.
Depending on your shift rate selection, the network fees will be displayed differently.
FIXED RATE shifts: Network fees are included as a part of the Exchange Rate displayed. This rate will update depending on the fixed deposit/settle amount entered by the user:
VARIABLE RATE shifts: Network fees are not included in the Live Exchange Rate. Instead, it is shown on the Shift Order Page (after you have pressed the SHIFT button):
TIP: Hover over the Tool Tip next to ‘Estimated Network Fees’ to view a breakdown of the fees
Network Fee types
Sending fee: This fee is associated with sending the Settle Coin to your selected wallet address. It applies to BTC, ETH, EVM tokens, TRC20 tokens, ATOM, KAVA, TIA, and SEI.
Address fee: This fee is required for the creation of a unique SideShift.ai deposit address for every Shift. It applies to EVM token deposits. However, currently, contracts are being reused, and no fee is being charged for this.
Receiving fee: This fee is applicable to all ETH, EVM tokens, and TRC20 deposits that require a sweep transaction from the unique deposit address to process the shift.