Bitcoin Wallet Fees

DCS Bitcoin Wallets

Fees, Rewards & Requirements
Whether you're new to cryptocurrencies or a seasoned Bitcoin maxi, understanding Bitcoin wallet fees is essential for maximizing your returns. With our wallets, the rewards you gain significantly outweigh the fees, enabling you to grow your Bitcoin holdings over time. Browse the information below to learn more about the fee structure, requirements, and earning potential of our Bitcoin wallets.
bitcoin wallet fees

BITCOIN WALLET FEES

                               
           DCS may adjust the Deposit and Withdrawal fees in response to changes in underlying costs or user activity.              
A 10% fee applies to all Marketplace transactions at the time of fulfillment. This fee may not be recognized since the seller of Credits receives the amount of Bitcoin requested and the buyer of Credits receives the amount of Credits that are listed for sale in the marketplace.  Nevertheless, the marketplace fee is incorporated in the listing of each offer presented for sale in the Marketplace.  
Ex) If a seller submits an offer to sell Credits at a discount of 20%, the order will be listed in the marketplace at a 10% discount (10% less).  And just FYI, a minimum discount of 15% is required to list Credits for sale in the Marketplace.
           
           80% of the Bitcoin received from fees is transferred to the Vault, which systematically distributes Bitcoin into the wallets of eligible wallet holders by exchanging their Credits for Bitcoin. See Allocation & Usage of Fees below.         		                                                                                                                                                                                                                                                                                                                                 
TransactionFee
On-Chain Deposits                    
Occurs when Bitcoin payments are received through transactions reported on the Bitcoin blockchain. Wallets that incur deposit fees also receive Bitoin Wallet Rewards that can be used to increase the wallet's Bitcoin holdings.                
Optional 10%
Off-Chain Deposits                    
Occurs when Bitcoin payments are received from another wallet within the DCS network.                
0 BTC
On-Chain Widthdrawals                    
Occurs when sending Bitcoin payments on the Bitcoin blockchain. The wallet will automatically determine if the payment will be sent on-chain or off-chain.                
1 GBP + Network Fee
Off-Chain Withdrawals                    
Occurs when sending Bitcoin payments to another wallet within the DCS network (off-chain).  The wallet will automatically determine if the payment will be sent on-chain or off-chain. A lower fee of 10% applies to off-chain transfers below 10 GBP.                
1 GBP
       
 

BITCOIN WALLET REWARDS

 Upon confirmation of each On-chain Deposit to a wallet, a reward is immediately issued in the form of Credits. Credits are Bitcoin obligations that each wallet is designed to fulfill, and this is accomplished through a systematic distribution of fees.  As a result, each wallet consistently converts Credits into Bitcoin until all Credits have been converted.  
   The amount of Credits issued is based on the fee assessed from each On-Chain Deposit and a Bonus Percentage, which is currently 5%.  This amount is calcuated as:
On-Chain Deposit Fee + (On-Chain Deposit Fee * Bonus Percentage)
   
So if you receive an on-chain deposit of 0.01 BTC and the Bonus Percentage is 5%, your wallet would incur a Deposit Fee of 0.001 BTC (10% of the amount received) and would receive 0.00105 BTC in Credits (0.001 + (0.001 * 0.05)), resulting in a net increase of 0.00005 BTC (and that's Free Bitcoin).  
Deposit fees are completely optional and users can easily enable or disable this fee in their wallet's settings.  If no fee is paid, no Credits are issued.  If a deposit fees is paid, the wallet will receive Credits to cover the fee plus an additional 5% bonus.  And if a user purchases Credits from the wallet's online Markeplace within a 24-hour window, the Bonus Percentage increases to 6%.  
   

BITCOIN WALLET MINIMUM DEPOSIT REQUIREMENTS

 Due to the nature of Bitcoin and how transactions are processed on the blockchain, a minimum Bitcoin amount of 0.0002 BTC is required to accept an On-chain payment. Any On-chain Deposit below this amount will be considered lost or forfeited.  
 Off-chain payments are exempt from this requirement as they are not subject to the Bitcoin network's UTXO processing requirements. As such, the smallest Bitcoin denomination of 1 Satoshi can be received without incident if the payment is from another wallet within the DCS network.    
CONFIRMATION REQUIREMENTS
                               
           To ensure that legitimate payments are received within all wallets, all incoming on-chain payments require a certain number of confirmations.  The required number of confirmations is based on the GBP (Pound Sterling) value of the transaction.  Please refer to the table to see the number of confirmations required for any given deposit amount.                                                                                                                                                                                                                                                                                                                                                                                                    
Deposit values in GBPConfirmations
For Deposits up to 10,000 (10K)                 3
For Deposits above 10K and up to 100K                 4
For Deposits above 100K and up to 500K                 6
For Deposits above 500K and up to 1M                 10
For Deposits above 1M                 60
       
 
ALLOCATION & USAGE OF FEES
                               
           Please review this information to learn how the fees acquired through our Bitcoin wallets are allocated and used.                                                                                                                                                                                                                
Allocated ToPercentage
Vault                    
The vault is primarily used to pay Credit obligations to eligible wallets. To a smaller degree, the vault may also be used to cover network fees that may be required to consolidate UTXOs, which may be necessary to help minimize the size and cost of Bitcoin transactions that are sent to the Bitcoin blockchain.                
80%
Developer & Owner Wallets                    
This allocation is split between the developer's wallet and the wallet of the site owner. Fees sent to the developer's wallet are used to maintain the hardware, hosting, support, and development of the platform.  Fees to the owner's wallet serve as a revenue stream for investors of our white-label services.                
20%
       
Do you have other questions about our Bitcoin wallets? Feel free to contact us any time.