Prepaid BlockBee Fees is a feature that allows you to prepay BlockBee’s service fees using credits. This eliminates the need for an additional transaction to cover fees, reducing blockchain fees by up to 50%. It’s a cost-effective solution to make your cryptocurrency transactions more efficient.
Why Use Prepaid BlockBee Fees?
- Save up to 50% on Blockchain Fees: By eliminating the need for extra transactions, you significantly cut costs.
- Flexible and Profile-Specific Credit Deposits: Credits can be deposited anytime and are tied to specific Profiles in your BlockBee account.
- Optional Feature: You’re not required to use prepaid fees, but they offer an excellent way to save on costs.
How It Works
- For native token transactions (e.g., BTC, ETH):
- Blockchain fees are deducted from the transaction amount.
- BlockBee’s service fee is covered by your prepaid balance.
- For token transactions (e.g., USDT, USDC):
- Both BlockBee’s service fee and blockchain fees are deducted from your prepaid balance (since being a token we are required to send funds to pay for the blockchain fees), ensuring the full transaction amount is sent to the recipient.
If your prepaid balance runs out, the system reverts to the default process, where fees are deducted directly from the transaction.
How to Deposit Prepaid Credits
Follow these steps to start saving on fees:
1. Go to the BlockBee Dashboard:
Log in to your BlockBee account and navigate to the dashboard.
2. Select the Profile:
Choose the Profile where you want to deposit credits. Each Profile has its own credit balance.
3. Click the “Deposit Credits” Button:
Locate and click the “Deposit Credits” button in your Profile settings.
4. Read the Pop-Up Instructions Carefully:
A pop-up will appear explaining the process. Review the information and confirm by clicking “Deposit Credits” again.
5. Complete the Deposit:
- You’ll be redirected to a new page.
- Choose your preferred cryptocurrency for the deposit.
- Complete the transaction to add credits to your prepaid balance.
Important Notes
- No Refunds for Unused Credits: Plan your purchases carefully, as unused credits cannot be refunded.
- Optional Feature: Prepaid fees are entirely optional and designed to provide a cost-saving alternative.
By using Prepaid BlockBee Fees, you can save significantly on both service fees and blockchain fees, making your transactions more cost-effective. Start saving today!
For any questions or assistance, feel free to reach out to our support team.
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