What is the transaction fee for multi-chain transfers in Bitpie Wallet?

June 07, 2025

Bitpie Wallet, as a multi-chain digital wallet, has been gaining popularity among users. With the increasing adoption of stablecoins and other cryptocurrencies, many people wish to perform cross-chain transfers using Bitpie. To better understand the fee structure when making multi-chain transfers with Bitpie Wallet, we will explore this topic in depth. This article will provide a detailed introduction to the fee structure of multi-chain transfers, the influencing factors, and offer some practical tips to help users conduct transfers more efficiently.

The basic concept of cross-chain transfers

Before delving into transaction fees, we need to understand the basic concept of "cross-chain transfers." Cross-chain transfers refer to the movement of assets between different blockchains through a digital wallet. Bitpie Wallet supports interactions with multiple cryptocurrencies and blockchains, allowing users to conveniently manage assets on different chains within their wallet.

The fee structure of Bitpie Wallet

When using Bitpie Wallet for cross-chain transfers, the transaction fee mainly consists of the following two parts:

Internet feeNetwork fees refer to the costs required to conduct transactions on a blockchain network. Different blockchains have different standards for network fees; for example, transaction fees on the Ethereum network are usually higher than those on the Bitcoin network. This is because Ethereum processes a larger number of transactions, and network congestion can cause fees to rise.

Wallet service feeIn addition to network fees, Bitpie Wallet may charge a certain percentage as a service fee. This fee varies slightly depending on the transfer amount and the type of supported blockchain.

4. Factors Affecting Fees

What is the transaction fee for multi-chain transfers in Bitpie Wallet?

When conducting multi-chain transfers, there are several factors that directly affect the transaction fees:

Network congestion situationWhen the blockchain network is under heavy load, network fees often surge.

Transfer amountSome wallets may charge a higher percentage fee for small transfers.

Selected blockchain typeDifferences in the fee structures of various blockchains can also result in varying final transaction fees.

Example of multi-chain transfer fees in Bitpie Wallet

The following are some examples of transaction fees for multi-chain transfers using the Bitpie wallet. These fees may fluctuate with market conditions and are for reference only:

Can I transfer Bitcoin at any time?The network fee is approximately between 0.0001 and 0.001 BTC, depending on the level of network congestion.

Ethereum transferNetwork fees typically range from 5 to 40 Gwei, depending on the current network load.

USDT (transferred via Omni protocol or ERC20)The transaction fee varies significantly depending on the blockchain and transfer method, and may range from 0.5 to 1.5 USDT.

How to reduce the transfer fees of Bitpie Wallet

Here are five specific productivity tips to help you reduce transaction fees when transferring with Bitpie Wallet.

Choose the timing for the transfer

Choosing the optimal time for transfers can effectively reduce fees. Usually, during off-peak periods, such as weekends or non-working hours, network congestion is lighter and transaction fees are relatively lower.

Practical Application ExampleUsers can try to observe the fluctuations in transaction fees when transferring funds at night or on weekends and choose to make transactions when the fees are low.

Adjust transaction limit

For small transfers, consider combining several small transactions into one larger transaction, which may save some fees. In some cases, the total fees for splitting into small transactions can be higher than the cost of a one-time transfer.

Practical Application ExampleIf you want to transfer a total of 0.5 BTC, you can consider making a single transfer instead of splitting it into ten transfers of 0.05 BTC each.

Set the minimum possible fee

Most wallets allow users to set their own transaction fees. When the network is not congested, users can choose a lower fee for their transactions.

Practical Application ExampleWhen making a transfer in the Bitpie wallet, choose to manually set the fee and try using the lowest recommended fee.

Choose the appropriate blockchain

Bitpie Wallet supports multiple blockchains, allowing users to choose the most suitable chain for transfers based on transaction fees. For example, users can select a chain with relatively lower fees to transfer assets.

Practical Application ExampleIf you need to transfer USDT, you can choose the TRC20 protocol instead of the ERC20 protocol, as the latter usually has higher fees.

Always keep a sufficient trading balance.

Keep a sufficient transaction balance in your wallet to avoid additional fees or the risk of being unable to make payments due to a low balance. This will allow transactions to be processed quickly during transfers and help you avoid unnecessary charges.

Practical Application ExampleUsers can regularly check their wallet balance to ensure there are always sufficient assets available to cover network fee payments.

Frequently Asked Questions

How is the transfer fee for Bitpie Wallet calculated?

The transfer fee for Bitpie Wallet mainly consists of network fees and possibly a small service fee. The specific amount is affected by various factors such as the transfer chain, transfer amount, and network congestion.

How can I check the transaction fees in Bitpie Wallet?

Users can view real-time fee information on the transfer page of the Bitpie wallet, and there is usually a fee estimation feature to help users make decisions before making a transaction.

Is it possible to make zero-fee transfers using Bitpie Wallet?

In the Bitpie wallet, completely zero-fee transfers are generally impossible. Even if there are discounts due to promotional activities, there will usually still be some fees incurred.

Does Bitpie Wallet support custom transaction fees?

Yes, Bitpie Wallet offers customizable fee settings. Users can adjust the transaction fee according to their needs, thereby optimizing transfer costs.

Will multi-chain transfers lead to increased fees?

Yes, supporting multi-chain transfers may result in higher fees compared to single-chain transfers. When making multi-chain transfers, users should take into account the fee standards of each chain.

How can I ensure that the transaction fees I pay are the lowest?

Users can choose to make transfers when the network is less congested, lower the transaction fee settings, select an appropriate blockchain, and combine small transfers into larger ones to ensure the lowest possible fees.

When transferring funds across multiple chains with Bitpie Wallet, users should remain vigilant and plan accordingly. By understanding the components of transaction fees and optimizing transfer strategies, users can improve the efficiency of their fund usage and reduce unnecessary fee expenditures.