When you send cryptocurrency to or from Phenom Poker, you may encounter network fees (also called "gas fees"). Here's what you need to know.
Does Phenom Poker charge fees?
- Deposits: No fees charged by Phenom Poker. However, you'll pay a small network gas fee when sending from your external wallet or exchange
- Withdrawals: Completely free. Phenom Poker covers the network fee for you
What are gas fees?
Gas fees are small transaction costs paid to the blockchain network to process your transaction. They go to network validators, not to Phenom Poker.
How much are gas fees?
- Polygon network: Extremely low — typically less than $0.01 per transaction
- Ethereum network: Can vary significantly depending on network congestion — from a few cents to several dollars
Tips to minimize fees
- Deposit using USDT on the Polygon network whenever possible — it's the cheapest and fastest option
- If depositing from Ethereum, consider swapping to Polygon USDT first on your exchange
- Avoid depositing during periods of high Ethereum network congestion