Does Instabridge have any fees?

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Does Instabridge have any fees?

Instabridge charges a flat processing fee of 0.25% for all transactions, except eXRD to XRD.

For Ethereum originated transactions, you will also need some ETH in your Ethereum account to cover the Ethereum gas fees to convert from the Ethereum supported ERC-20 token to the wrapped token on the Radix network.

For Radix originated transactions, i.e. unwrapping tokens from the Radix network to the ERC-20 token, you will also be charged a Gas fee. This fee will be taken from the final amount of ERC-20 token that you are given.  You will also be charged a Radix Network Fee in XRD, which will occur within your Radix Wallet.

Why do I need to convert my ERC-20 tokens to Radix network supported tokens? 

In order to use your ERC-20 tokens in Radix based DeFi applications they need to be in a Radix network supported format. 

Check out our blog to read more about Instabridge.