Internal Transfer Feature
Internal transfer feature allows to transfer cryptocurrencies to other Bitexen account within second. You don’t pay any transfer fees and or wait for network confirmation.
When Internal Transfer feature is activated, transfers to any other wallet address registered on Bitexen, is automatically performed as Internal Transfer.
To activate the Internal Transfer feature;
Enable the "Internal Transfer" feature in the Settings > Approval and Notification Settings menu on the Bitexen website or in the Settings > Approval Settings menu in the Bitexen mobile application.
In order for your transfer to take place with the Internal Transfer feature, you must have a balance of cryptocurrencies equal to the applicable transaction fee. This balance will allow your transaction to be processed as an Internal Transfer, but no transaction fee will be charged to your account.
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What is the Cryptocurrency Transfer Fee?
Transfer fees are the transfer fee paid for the “incentive” to the miner who mediates the transfer for the purpose of transferring cryptocurrencies from one wallet to another.
How Are Cryptocurrency Transfer Fees Determined?
Cryptocurrency transfer fees are determined by blockchain networks, according to the transaction density and the size of the transaction.