CCD is the native cryptocurrency of the Concordium blockchain, a layer-1 network designed for secure, scalable, and compliant decentralized applications.
When sending or interacting with CCD (Concordium) from the Bitcoin.com Wallet app, users are required to pay a small network fee. These fees are necessary to process transactions and maintain the security and performance of the Concordium blockchain..
📑 Table of Contents
1. What are CCD network fees?
CCD network fees are transaction fees paid in CCD, the native cryptocurrency of the Concordium blockchain. These fees compensate validators for processing transactions and securing the network.
CCD transactions are processed on a decentralized blockchain, meaning fees are paid directly to the network and not to Bitcoin.com or any third party.
2. How much are CCD fees?
CCD fees are generally very low and depend on:
The type of transaction (simple transfers or smart contract interactions)
The computational and storage resources required
The size of the transaction payload
For most standard CCD transfers, fees are typically a fraction of a CCD and are usually less than 0.01 CCD.
The exact fee amount is calculated automatically by the network and shown in your wallet before you confirm the transaction.
3. How CCD fees are calculated
Unlike some blockchains, Concordium does not use a base fee or reserve system.
Instead, fees are calculated based on:
Execution cost (computation)
Storage usage
Transaction size
This resource-based model helps keep fees predictable and transparent, even during periods of increased network activity.
4. Types of CCD fees
CCD uses a single network fee model rather than multiple fee types.
Fee Type | Description |
Network Fee | A transaction fee paid in CCD, based on resource usage |
Smart Contract Fee | Applies to contract interactions and is higher due to computation and storage |
Account Reserve | ❌ Not required |
Trustline Reserve | ❌ Not applicable |
Important:
Concordium does not require a minimum balance to keep an account active, and no CCD is locked or reserved.
5. Do I need CCD to send CCD?
Yes.
You must have a small amount of CCD in your wallet to cover the network fee when sending CCD or interacting with smart contracts.
If your balance is too low to cover the fee, the transaction will fail.
6. Are CCD fees refundable?
No.
All cryptocurrency transactions, including CCD transactions, are non-refundable. Once confirmed on the blockchain, a transaction cannot be reversed.
7. Why you might see a fee for small transactions
Even for small CCD transactions:
A network fee is always required
The wallet must contain enough CCD to cover the fee
If the balance is insufficient, you may see an insufficient funds error
This fee is not related to account reserves or minimum balances, as Concordium does not use such a system.
8. Important notes
CCD can only be sent on the Concordium network
Sending CCD to an unsupported network or wallet may result in permanent loss of funds
Always double-check the recipient address and network before sending CCD
9. Conclusion
Using CCD with the Bitcoin.com Wallet app is cost-effective due to Concordium’s low and predictable transaction fees. Unlike some other blockchains, CCD does not require minimum balances, trustlines, or locked funds. Users only need enough CCD to cover the network fee displayed before confirming a transaction.
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