A fee is typically charged when you withdraw funds. This fee is paid to the miners responsible for processing the transaction, not to the platform.
Explanation
When you withdraw funds using the Ethereum blockchain, the platform sends the assets, and miners then package your transaction and add it to the blockchain to complete the process. This consumes computational resources, so a fee is paid to the miners.
Fee Standards
Each cryptocurrency has a minimum withdrawal amount requirement and different withdrawal fees. The fee varies depending on the selected network. The amount you pay as a fee affects the speed at which miners process and include your transaction in the blockchain.
Please note:
The transaction fee depends on the complexity of the transaction. More complex transactions require greater computational resources, resulting in higher fees.
The system automatically calculates the withdrawal fee. (Actual amount received = Withdrawal amount - Withdrawal fee)
The minimum withdrawal amount and fees displayed may change based on blockchain network conditions. Always check the page for the most accurate figures before withdrawing.
Friendly Reminder:
Ensure you select the correct network for withdrawal.
If you choose ERC20, confirm that the recipient supports this network and that you’ve entered the correct address.
Do not select a different or unsupported network just to save on fees, as this may lead to permanent asset loss.