What are the transaction fees for using Blink wallet?
Blink's transaction fees are designed to be dynamic and adapt to the current market conditions to provide the best possible pricing for our users. Below is a table that shows the fees for on-chain, Lightning Network, and intraledger transactions. Please note that fees may vary depending on factors such as network congestion and user preferences.
Intraledger
0% service fee
0% service fee
Lightning
0% service fee + The sender pays the LN routing fees
0% service fee + Routing fees (~0.02% historical routing fees to external wallets)
On-chain
For deposits higher than 1,000,000 sats: 0% service fee For deposits lower than 1,000,000 sats: 2,500 sats fixed fee
For withdrawals lower than 1,000,000 sats: 5,000 sats fixed fee For withdrawals 1,000,000 sats or higher: 10,000 sats fixed fee + Mining fees (varies depending on the market) + For an imbalance of more than 10M sats LN/on-chain in a 30-day rolling window: additional 0.2% fees
BTC <-> Dollar Conversion
$0 fixed fee + 0.2% spread
$0 fixed fee + 0.2% spread
Note: For clarity, the fees listed under each transaction type are cumulative. For instance, if you're withdrawing to an on-chain address, you will incur the tiered fixed fee (5,000 or 10,000 sats depending on amount) + the mining fee (applicable to that current market) + if the wallet has an imbalance of more than 10M sats LN/on-chain in a 30-day rolling window: additional 0.2% fees
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