How Crypto Wallets Make Money

[Andrew Thomas]

If you're wondering how crypto wallets make money, they primarily do so through transaction fees and interest on deposited assets. When users conduct transactions, wallets often charge a fee, which can vary based on network congestion and transaction size. Additionally, some wallets offer interest-bearing accounts or staking services, enabling users to earn returns on their holdings. This interest is generated from lending or staking mechanisms, providing an extra revenue stream for the wallet provider.

[Cajan Rebecca]

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