Why as i charged with High Fees?

Multiple Factors Impact Cost: The final amount of crypto you receive or the total fiat charged often differs from the initial expectation because the cost includes more than just the crypto's market price. Factors like platform fees, blockchain network fees, price volatility adjustments (spread/slippage), and payment method charges all contribute.

Common Industry Fees: Costs like platform service fees, network/gas fees (paid to the blockchain, not the platform), spread/slippage (to handle price changes), and higher fees for riskier/costlier payment methods (like cards) are standard across many crypto purchase platforms.

Transak's Calculation Components: Transak calculates your cost by deducting several fees from your fiat amount before conversion. These include the Transak Fee (varies by payment method), the Network Fee (estimated blockchain cost, not kept by Transak), and potentially a Partner Fee (if the app you're using adds one). The remaining fiat is converted using an Exchange Rate that includes a small slippage buffer for price volatility.

Transparency Before Purchase: Transak provides a 'See Calculation' link during the order process. Clicking this shows a detailed breakdown of the estimated fees (Transak Fee, Network Fee, Partner Fee) and the exchange rate before you commit to the purchase.

Why Estimates Can Differ Slightly: The final crypto amount might vary slightly from the initial estimate primarily due to rapid cryptocurrency price changes (market volatility) or sudden spikes in blockchain network fees (gas fees) occurring between when you see the quote and when the transaction is fully executed.

Managing Costs: You can potentially lower costs by choosing payment methods with lower associated Transak Fees (e.g., bank transfers often cheaper than cards), being mindful of network congestion (e.g., using Layer 2 networks like Polygon or Base if available for your asset), and considering minimum fee impacts on very small transactions.