Network fees apply for some transactions made with your Socios.com wallet (e.g. buying or selling Fan Tokens or other on-chain activities). These network fees or "gas fees" are required to cover the resources and processing needed to validate your transaction. Once a transaction is sent to the chain and begins processing, the fees become non-refundable — even if the transaction is not successful. However, if a transaction never reaches the chain (e.g., due to insufficient balance), no fees are deducted.
Please note: Fees may fluctuate based on network congestion and transaction complexity. The Socios.com app provides an estimation of network fees to give you a rough idea of the funds needed for the transaction. Only the actual network fee, calculated during the transaction's execution on the blockchain, will ultimately be charged to your wallet.
| CHZ withdrawals | Network fee paid directly to the Chiliz Chain. |
| CHZ top-up | Service Fee* |
| Fan Token withdrawals | Network fee paid directly to the Chiliz Chain. |
| Buying Fan Tokens | Network fee paid directly to the Chiliz Chain. |
| Selling Fan Tokens | Network fee paid directly to the Chiliz Chain. |
| NFT withdrawals | Network fee paid directly to the Chiliz Chain |
*When you top up your wallet on Socios.com , a service fee will be applied to the transaction depending on the payment method chosen. This fee covers the operational costs of providing a secure platform for your fiat transactions.