Top 6 Fee Traps to Watch Out for in White-Label Crypto Wallet
Dreaming of offering crypto services but concerned about development complexities? White Label crypto wallet is a viable solution! These are the ready-made,multi-tested, and market-ready solution that expedites your market entry while preventing you from the hassles of developing a wallet from scratch. Behind the shining solution lies the fee trap that could erode the profits and frustrate the users. In this blog, we will highlight the top 6 White Label crypto wallet fees traps with effective strategies to minimize them : Factors Affecting White Label Crypto Wallet Fees 1. Hidden Transaction Fees : Crypto transaction fees also known as gas fees are applied to process the transactions on the Blockchain network. These come in different forms discussed below: Deposit Fees : The fees are charged during crypto transfers from another source into the wallet. The fees rely on the network and the processing method (slow or fast) opted for you. Withdrawal Fees : Withdrawal fees are char