What does “充币开放” mean? (Is there a fee for depositing coins?)

What does “充币开放” mean? What does “充值币开放” mean? In simple terms, “充币开放” refers to users depositing their assets into a platform for trading purposes.

For example, in Ethereum, you can use a wallet address to send and receive ERC20 tokens, and then exchange them for other cryptocurrencies or fiat currencies (such as USD) to achieve the goal of free trading. As for cryptocurrencies like Bitcoin, these assets can also be transferred to another account. This means that anyone can use this wallet to engage in various transactions, but cannot perform withdrawal, buying, selling, and payment operations through exchanges. This method is called “开设账户” (opening an account), but it requires setting a certain amount of password to complete transactions. If the conditions are not met, the one-time withdrawal function will be restricted. (Note: Currently, several major projects in China support this function, mainly in the DeFi sector).

Therefore, the so-called “deposit/withdrawal opening” is also an explanation, which means that when people want to withdraw funds from their wallets, they must first provide a small fee (such as USDT) to the exchange to obtain the corresponding earnings. So usually, when you want to withdraw coins, you need to prepare the transaction fee and time in advance. In other words, if you have no new ideas now, you can choose to directly purchase currencies on the exchange.

Is there a fee for depositing coins?

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In the field of cryptocurrency assets, many people wonder why they need to pay a fee to become a “miner” or even use decentralized exchanges. This depends on the user experience, the stability of the currency, and whether there is a new trading pair to support its demand, such as the amount of assets locked in DeFi protocols on Ethereum. However, users do not care about the details of these fees. But we can look at this issue from two perspectives.

The first point is to determine which platforms the tokens you deposit or withdraw to. If this function is not available (such as USDT/WBTC), then you need to package the tokens into a smart contract address and pay a certain percentage of the fee. The second aspect is that when the balance of Bitcoin in your wallet exceeds the total circulation value of that account, you will be liquidated and the tokens will be taken back. The third point is because you are using ERC20Tokens or ERC721 protocol, so the price of your tokens must remain in the same position in order to transfer them. The fourth point is that if you have enough money to purchase a certain token, you need to pay the corresponding commission. The fifth point is that if someone provides liquidity to the exchange, they need to pay a certain interest to the exchange without any third party involvement. If not done this way, the price of your tokens may fall.