Details about Transaction Service Fee cryptocurrency
Transaction Service Fee
TSF
2+ (click to see list)
Ethash
1
€3,777
10,000,000
1
Unknown
Transaction Service Fee price charts
TSF exchanges
Transaction Service Fee, the crypto
Transaction Service Fee (TSF) is a fee charged by cryptocurrency exchanges for processing transactions on their platforms. It is usually a percentage of the total transaction amount and is collected by the exchange as a source of revenue.
The point
The main point of Transaction Service Fee (TSF) is to generate revenue for cryptocurrency exchanges by charging customers for using their services. It helps to cover the operational costs of the exchange and ensure the sustainability of the business.
The problem
Transaction Service Fee (TSF) tries to solve the problem of sustaining cryptocurrency exchanges by providing a source of revenue. Exchanges have to deal with high operational costs such as security, support, and maintenance. By charging fees for their services, they can cover these costs and remain profitable.
Compare TSF and BTC performance
| Timeframe | TSF | BTC |
|---|---|---|
| 1h change | -0.266492 % | -0.549765 % |
| 24h change | 1.98 % | -1.83904 % |
| 7 day change | -0.85 % | -5.42791 % |
| 14 day change | 0.44 % | -5.02398 % |
| 30 day change | -6.5 % | -3.47658 % |
| 200 day change | -82.38 % | 126.537 % |
| Year change | -92.2 % | 126.622 % |