Below is a step-by-step guide on how to set transaction fees on Multibit.
Setting Transaction Fees on Multibit
Multibit is a popular cryptocurrency exchange that allows users to buy, sell, and trade various cryptocurrencies. One of its key features is the ability to set custom transaction fees for transactions.
Step 1. Open your account
First, make sure you have an active Multibit account. Log in to your account using the credentials provided on the website or mobile app.
Go to Settings
Once you are logged in, go to the “Settings” option. You can find it under the “Account” tab of your profile.
Step 2. Find the Transaction Fees option
In the Settings menu, you will see various options that cover different aspects of your account and trading experience. Look for the “Custom Fees” or “Fee Calculator” section that pertains to setting transaction fees.
Setting Custom Transaction Fees
In this section, you can calculate custom fees based on various factors, such as:
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Base Currency: Set the base currency for your transactions.
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Currency Pair: Specify which cryptocurrency pair you want to use to calculate transaction fees.
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Amount: Define how much you want to spend or receive in a transaction.
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Min/Max: Specify whether the amount should be a minimum, maximum, or any value.
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Unit: Choose whether the fee should be set per unit (e.g., coin) or in fiat currency units.
Step 3: Enter Transaction Details
In the “Fee Calculator” section, enter the desired transaction details:
- Amount: The amount you want to trade in the specified base and pair currencies.
- Base Currency: The base currency of your transactions (e.g., ETH, BTC).
- Currency Pair: Select the cryptocurrency pair you want to use (e.g. ETH/BTC).
Step 4: Calculate Custom Fees
After entering the required data, click “Calculate” or press Enter to see the calculated custom fees.
Viewing Transaction Fee Options
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Transaction Fee
: You should be able to view your transaction fee options in your Multibit settings. This will show you a fee calculation based on the parameters you provided.
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Change Fee: You may need to click the “Change Fee” (or similar) option in the fee calculator to adjust other aspects such as change fees or any additional fees.
Step 5: Save Transaction Fees
Make sure you can save your custom transaction fees. If they are not appearing in your settings as expected, check for typos or incorrect settings in the Multibit system.
Troubleshooting
If none of these steps work, the problem may be related to your account or settings configuration. You can contact Multibit support directly for assistance, or as a last resort, look for help in online forums and communities.
