9 |
Other wallets or exchanges might charge you high amounts of XIM for sending or withdrawing, which can be up to a few USD. The default minimum fee in the XIM full wallet is 10 XIM/kb, but you can even get away with zero fees right now.
10 |
MyXimBlockWallet is non-profit, there are no hidden fees and what you pay is used to pay the stakers automatically when the transaction is created and accepted in the blockchain, nothing ends up anywhere else.
11 |
Zero or Tiny fees
12 |
Anyway, you will only pay this super tiny fee or nothing at all as long as zero tx fee work in XIM. Worst case is about 2.26 XIM per tx, which is less than 1/50 of a cent right now (yes, that is up to 50 transactions per single cent). This fee does NOT depend on the amount you send, but it is not always the same and depends on how much data your transaction contains (multiple inputs if your wallet is fragmented drive the price up, see examples below).
13 | @*
Optional extra features
14 |
SwiftTX has a fixed tx cost of 10 XIM per input, which amounts to about 2 cents right now. The advantage is that your transaction is accepted and locked in about 1 second, which is very cool and useful for quick purchases. Obviously due to the higher cost this is off by default.
15 |
Obfuscation is currently only possible with full node by using the XIM Core full Wallet on your PC. It requires pre-mixing of your XIM into newly generated addresses owned by you and is done via the masternodes of the XIM network, which can take a few hours. No hardware wallet or thin client supports this feature, but MyXimBlockWallet gives you the option to send your XIM into an autogenerated anonymous address, which mixes it for you and sends out privatized XIM to the given target address.
*@
16 |
Receiving XIM
17 |
Receiving XIM on any address you own is free for you, the transaction fee is always paid for by the sender. You also don't need to wait long as transactions are confirmed in a few seconds usually. If ShiftTX was used by the sender the XIM amount will be confirmed by the network in a second and should show up in a couple of seconds on MyXimBlockWallet as well. The website will update amounts every 10 seconds, any XIM you receive is yours and usable right way.
18 |
Recap
19 |
20 | - Tx cost is usually 2.26 XIM for one input and two outputs (minimum to get accepted by the XIM network, if this goes up or the network becomes full, this fee will be increased). This is currently just around 0.02 cents, NO MATTER how much XIM you actually send to someone!
21 | @*- For SwiftTX the tx fee is locked to 10 XIM ≈ 2 cents per input by design, but you get confirmed in a second.
22 | - For Obfuscation the tx fee is 10 XIM + 1 XIM per mixed input (around 11-25 XIM usually).
23 | - By default SwiftTX and Obfuscation are not used and micro-payments are possible with a neglegtible fee, why not send your friends 1 cent of XIM just for fun?
*@
24 | -
25 | If you have multiple inputs (basically when your XIM is fragmented in multiple chunks you have received and you send more than you have in your single inputs) the tx fee increases. Examples:
26 | - Inputs: 150 XIM -> sending 100 XIM: 2.26 XIM fee (1 input), or zero fee if possible
27 | - Inputs: 100 XIM, 100 XIM -> sending 100 XIM: 3.74 XIM fee (2 inputs: 0.78+1.48*2 XIM, need that second input to cover the fee, use zero fee to avoid this alltogether)
28 |
29 |
30 | - Please ask for more features in the XIM Discord Chat. We need your support to keep this being funded and developed further!
31 |
32 |
33 | Back to the
general help.
34 |
35 |