Ethereum: How do I set the transaction fee in Multibit?

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Here’s a step by step setting up a transaction fee in multibit:

setting the transaction fee in Multibit

Multibit is a popular cryptocurrency exchange that allows users to buy various cryptocurrencies, sales and trade. One of the most important features is the ability to stop custom transaction fees for transactions.

Step 1: Open your account

First, make sure you have an active multibit account. Sign into your account using credentials on your website or mobile app.

Navigate to settings

Find “Settings” after logging in. This is found on the “Account” tab on your profile.

Step 2: Find Transaction Fee option

The Settings menu will see various options that cover different aspects of the account and trading experience. Find the “Unique Fee” or “Fee Calculator” section as this is about setting the transaction fees.

setting individual transaction fees

At this stage you can calculate individual fees based on a number of factors, for example:

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Basic currency : Set the basic currency of transactions.

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Currency pair : Enter which cryptocurrency pair you want to use to calculate the transaction fee.

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Amount : Determine how much you spend or receive during the transaction.

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Min/Max : Determine whether the amount must be minimal, maximum or any value.

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Unit : Select whether the fee must be set in per unit (such as coins) or Fiat currency units.

Step 3: Enter details of the transaction

In the “Fee Counter” section, enter the details of the desired transaction:

• Amount : The amount you want to trade in the specified base and parallel currencies.

• basic currency : A basic currency of transactions (eg ETH, BTC).

• Currency pair : Select the cryptocurrency pair (such as ETH/BTC) to use.

Step 4: Calculate custom charges

After giving the necessary details, click the “Calculation” or Enter button to see the custom charges.

View the options for the transaction fee

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Transaction Fee : You must be able to be able to transaction fee options in multibit settings. This displays the calculation of the fee based on the parameters specified.

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Change Fee : You may also click on the “Change Fee” option in the charge machine to set up other aspects such as the change fee or any additional fees.

Step 5: Save the transaction fees

Make sure you save individual transaction fees. If you do not appear in the settings as expected, make sure you have a typing or incorrect setting provided by your multibit system.

troubleshooting

If none of these steps work, then the problem is likely to make you configured your account or settings. The last option can turn directly to multibit support or seek help from online forums and communities.