First of all, Cobo will not take any transaction fee from the transfer. The transaction fee that users set is paying the commission to miners, and the minimum on Cobo is lower than most wallets and exchange platforms. However, Cobo recommends you to set the higher transaction fee when there is congestion on the blockchain or the transaction need to be confirmed fast.
All transfers need to set the transaction fee except between Cobo Cloud Wallet accounts which belongs to Inside transfer. There are 2 methods:
- Transfer between Cobo Cloud Wallet accounts are free and can be executed instantly.
- Transfer to HD wallet or other wallets:
- Higher transaction fee, faster packing when transferring. Cobo supports the function to quickly adjust the transaction fee.
- Click "Advanced" on the transaction page and set the fee by entering "Gas Limit"
PS: Transaction fee=Gas*Gas Price. Users can check related websites to check the latest suitable Gas Price and Gas to transact in order to complete the transaction as soon as possible. For example https://ethgasstation.info/