Waves.Exchange uses Waves token as a basic fee for all types of transactions. The Sponsored fee feature provides functionality to use custom fees in Waves.Exchange. It allows using fee in token if the creator of this token supports sponsored transactions. Thus, you can pay the transaction fee using sponsored token. Also, you can pay sponsored fees for transfers with Waves and any other Waves-based tokens.

Note: To use sponsored fees, you must have sponsored token. And the token issuer must have the sponsored transactions activated. If these conditions are not met, you will be able to pay the transaction fee in Waves only.

How to Use Sponsored Fee

Waves.Exchange users can use sponsored fee to pay fees for outgoing transfers. Check your Portfolio to see if there is a token with % badge:

That means that you can change the default Waves fee to another sponsored token.

In order to use sponsored fee, create an outgoing transfer as described in How to Send Cryptocurrency section and select the Transaction Fee Options checkbox. Select one of the available sponsored tokens and click Continue:

If you have any questions related to Waves.Exchange, feel free to contact us via customer support.

tags: sponsored fee sponsorship

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