Starting February 13th 2023, transaction fees for Stellar-BSC bridge shall be increased from 50 TFTs to 100 TFTs… Please refer to the following details to understand how these changes may impact your transaction costs and why the increase is happening.
What’s changing and why?
Transaction fees are charged to cover the cost of bridging tokens between Stellar and BSC which is borne by the person who is making the transaction. The fee has been increased to cover the transaction costs which currently are insufficient to cover the operational cost on our end.
The transaction fees shall be deducted from the amount you transfer. For example - If you send 1000 TFT from Stellar to BSC, the transaction fee charged would be 100 TFT, so you will receive 900 TFT.
- Transactions from Stellar to BSC costs 100 TFT (changed).
- Transactions from BSC to Stellar cost 1 TFT.
- There is also a fixed fee of 0.01 TFT when making transactions using official TF platforms.
- Gas fees on BSC is usually around 5-20 Gwei. You can try the bridge later if gas fees are high at the moment of your transaction.
Will transaction fees change in the future?
As the exchange rate of the TFT changes, the transaction fee will be changed in order to reflect the sufficient transaction cost.
What are the alternatives for sending TFTs from Stellar to BSC?
There are no alternatives. TFTs from Stellar can be sent to BSC only using the Stellar-BSC Bridge.
How to send TFT from Stellar to BSC Chain?
Read the post here
If you have any questions, please feel free to reach out to us on the live chat in the ThreeFold Connect app or on our website.