Why is the fee on Trust wallet so high?

This mechanism helps to ensure that the network remains decentralized and secure, as miners are motivated to maintain the network's health by validating and processing transactions in a timely manner.

BTCC, a leading cryptocurrency exchange, offers a range of services to cater to the diverse needs of its users. One of its core offerings is the ability to trade cryptocurrencies through its spot market, allowing users to buy and sell digital assets directly.

In addition to spot trading, BTCC also provides access to futures trading, enabling users to speculate on the future price of cryptocurrencies and potentially profit from price movements. The exchange also offers a secure wallet service, where users can store their digital assets safely and conveniently.

Cryptocurrency transactions are inherently dependent on miners for validation and inclusion in the blockchain. These miners, who contribute their computing power to the network, are rewarded with transaction fees as an incentive to continue their work.

The amount of these fees can significantly influence a miner's decision to prioritize certain transactions over others. Higher fees essentially act as a bidding system, where senders can offer more to have their transactions included in the next block, resulting in faster confirmation times.