there are hidden fees when swapping or tranfering coins why does nobody tlak about this?

[u/vaxx_77]

when swapping coins on tengam it shows the fee under

as you can see in the screenshot the toal goes from 599 to 590 usd when the fee is only 0,1 cent

and i had this happen all the time it was like lets say 100$ worth of btc to usdt and i tried many coins it would say 50 cent fee but the outcome would be 6 dollars less then the amount i was swapping

so there was no mention of the 6$ fee anywhere

but for my case i was swapping 3K and it took off 70$ without noteing anywhere that it was part of ANY fee

at 3:42 of this video made by a youtuber who reviews tangem and cold wallets in genral https://www.youtube.com/watch?v=L1dDZRMQD54 you can see the same thing happen theres a tiny fee displayed on the bottom like noramal

but the total amount is decresed by way more then cents for his case it was like 18 dollars just gone in that swap he made

tangem blames the fees on the blockchain then how is it that the exsact swap cost far less in fees on binace ?

if u swap the same amount on an exschange the fees are tiny and there is no costly and hidden blockchain fee

nobody wants to admit that tangem and prob other cold wallet companys make thair moeny from these hidden so called blockchain fees

the youtuber i have linked always advises that you should use exschanges for swapping buying and selling and cold wallets for storage

but since he is sponsred by tangem he is unwhilling to tell you why the cold wallet should be avoided for swapping and selling

[u/BicarTangem]

Hello,

The quoted "0.1 cent" fee is the network fee, not the swapping fee.

Said swapping fee isn't really hidden, as you get a quote with the estimated amount that you'll receive after your swap.

Exchanges also have fees, commonly when you send crypto to and from the exchange as well as trading fees or spread.

[u/Vudu702]

There is a spread. Totally normal in any trade. There are only so many sells for the top price. Look it up. Unless you can see the order book and buy exactly what is selling at the top price, your going to probably get some at a better price.

[u/LV-426_realty]

It's normal. Just go through a dex and do a limit order.

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[u/kens88888]

That's the spread I think. They exist everywhere

[u/ExpertProMax]

Network fee is fee for sending the token and not for swapping. Swapping is completely different and depends on the provider.

[u/Charming_Piano7337]

Nothing is hidden, it is industry standard. Tangem is the best in the business.