SwitchWallet Docs
  • Welcome to SwitchWallet
  • 🛠️Getting Started
    • Environment
    • Getting your API key
      • Switching To Production
    • 💳Authentication
      • How to use API Key | Bearer Token
  • API CALLS
    • 💼Wallet Generation
    • Merchant Client Withdrawal
      • Withdrawal Verification
    • Webhook
      • Deposit Webhook
      • Withdrawal Webhook
      • Remittance Webhook
    • Add Network and Curreny Support
    • Balances
      • Custodian Wallet Balance
    • Transactions
  • Dashboard
    • My Dashboard
  • Q&A
    • Questions And Answers
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On this page
  • What is "Gas Fee"
  • What is Remittance on SwitchWallet
  • What is this "Network" I see everywhere in SwitchWallet
  • Ethereum VM
  1. Q&A

Questions And Answers

PreviousMy Dashboard

Last updated 2 years ago

What is "Gas Fee"

This are fees paid for processing of transactions in the blockchain space

this can only be paid with the NetworkChain's native currency(Coin), eg On BSC Network gas fee can only be paid with BNB

What is Remittance on SwitchWallet

When tokens are deposited to merchant's client addresses, They are remitted(moved) to the custodian wallet address.

The above process is what we refer to as "Remittance"

What is this "Network" I see everywhere in SwitchWallet

Network or NetworkChain as used all over SwitchWallet actually refer to Blockchain Networks

Ethereum VM

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