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How do I set fees?

Modified on: 1 December, 2020 at 11:59 AM

Every blockchain network is designed so that the sender (the one who signs the transaction) has to pay a fee for each transaction. Fee size is not fixed and depends on the current number of transactions.

In OWNR wallet you can set a priority for any of your transactions by choosing one of the three fee types:

  • Low
  • Average
  • High

In most cases, Average fee is enough for miners to put your transaction into the next block. However,  sometimes the number of transactions in the network may increase rapidly within a couple of minutes. In this case you may set a higher fee for the transaction to be confirmed faster (30-60 minutes).