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. Withdrawa...