Why is the blockchain fee so high?

27 Sep 2022

The blockchain transaction fee is high to ensure the process is safe. The fee depends on the capacity of the transaction, the higher value users transfer via the system, the more they will pay for the transaction fee due to the larger size of data. An extra fee can be paid to accelerate the transaction through the exchange, basically, the transaction will be prioritized on the system.

The blockchain transaction fee will be sent to crypto miners to develop the system, eliminate the trash email, protect the data, and proceed with the transaction timely. There are many blockchain payment processors that charge different blockchain transaction fees on the internet that users could select to transfer crypto coins such as CoinPaid, Coinbase, BitPay, Coinpayments, and PayCEC.

Specifically, PayCEC is a well-known blockchain payment gateway that enhances the customer’s transfer process thanks to its 3-D security process, which will send an OTP to users in every transaction. Moreover, PayCEC is recognized with the classification standard PCI DSS, which its system has to be checked monthly to ensure the quality of the network and stability. Users can require PayCEC to modify the gateway display to meet their expected design. This blockchain-based payment processor is compatible with mobiles and computers and is monitored by a technical expert team to continually upgrade its functions.