All blockchain transactions incur one or more fees. These fees help ensure the network is maintained and secure.
Each network has a default token used to pay for these fees. For example, ETH is used on the Ethereum network, and CELO is used on the Celo network.
Fees are always displayed clearly in Valora, so there are no surprises or hidden costs. Please note that fees may fluctuate based on how much traffic is happening on the network.
How Valora selects your Celo network fees
The Celo network has the option for dapps and wallets to pay for fees using a Celo native stablecoin, which Valora offers to its users. Valora will prioritize CELO to pay for gas fees. If CELO is unavailable, Valora will use the native Celo token with the highest balance in your account, including:
* USDC and USDT are commonly bridged tokens and are different from the USDC and USDT tokens that are Celo native stablecoins. Please confirm you have the correct token by verifying the token's contract address with the ones linked above.
Continue reading to learn about the different fees you may see while using Valora.
Network Fee
Network fees support the security and speed of transactions. Valora does not collect these fees; fees go directly to the validators supporting the network and the Celo Community Fund.
Exchange Fees
Exchange fees are applicable when swapping between tokens in the app.
Other Fees (third parties)
You may encounter other types of fees when using third-party decentralized applications or dapps. These are fees associated with using dapps and are not associated with Valora. Users are encouraged to do their own research before interacting with dapps.