FAQ

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Transaction

How much is the transaction fee?

The transaction fee is currently 0.001 DEM for an average eMark transaction, regardless of the destination, and is limited to a maximum of 0.01 DEM. It thus costs only a fraction of the fees charged by conventional financial institutions for comparable transactions.

Who has to pay the transaction fee?

In principle, this is to be borne by the sender. The sender's account balance is automatically debited with the corresponding transaction fee when a transaction takes place.

How long does an eMark transaction take?

eMark payments are made via the eMark network and are usually sent and confirmed worldwide within just a few seconds.

Where can I track my eMark transaction?

Every transaction is stored forever in the blockchain. Via the Blockexplorer oder chainz.cryptoid.info, every detail of a transaction can be viewed and traced.

Can I cancel a transaction?

Once a transaction has been sent, whether already confirmed by the eMark network or not yet, it cannot be reversed. It is therefore always important to ensure that all the necessary data is entered correctly for a transaction.

To whom do the transaction fees accrue?

The transaction fees flow to the eMark network. The network passes them on to the miners as payment for processing the transaction.

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