Is there a certain threshold or condition that affects when miner fees are at their lowest for digital assets?

1 answers

• KSOOct 16, 2023 · 2 years ago
  At BYDFi, we understand the importance of low miner fees for digital assets. While there isn't a specific threshold or condition that universally determines when fees are at their lowest, there are strategies you can employ to minimize fees. One approach is to choose a time when the network is less congested, such as during off-peak hours, to submit your transactions. Additionally, you can set a lower fee rate or use fee estimation tools to ensure you are not overpaying. Keep in mind that different blockchains and digital assets may have their own fee structures, so it's important to familiarize yourself with the specific guidelines provided by the platform you are using. By optimizing your transaction strategy, you can take advantage of periods when miner fees are typically lower.
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