How to calculate the handling fee for withdrawing coins from TokenPocket cold wallet to the exchange

TokenPocket cold wallet withdrawal fee consists of miner fee and platform fee. Mining fees depend on network congestion, while platform fees vary by currency. The specific currency withdrawal fee calculation method is: currency withdrawal fee = miner fee platform fee. For example, if you withdraw 1 ETH to an exchange, assuming the mining fee is 0.001 ETH and the platform handling fee is 0.005 ETH, the withdrawal fee will be 0.006 ETH.

TokenPocket cold wallet withdrawal fee calculation method

1. Handling fee composition

TokenPocket cold wallet withdrawal fee mainly consists of the following parts:

• Mining fee: The fee paid to the blockchain network miners for processing and verifying transactions.
• Platform handling fee: The currency withdrawal handling fee charged by the TokenPocket platform is usually a fixed amount or a percentage of the currency withdrawal amount.

2. Calculation method

1. Mining fee

Mining fee changes dynamically according to the degree of network congestion. Mining fees can be estimated by viewing the blockchain browser or using TokenPocket's "Fees Estimation" function.

2. Platform handling fee

TokenPocket platform handling fee varies depending on the currency of withdrawal. The specific handling fees can be viewed in the TokenPocket withdrawal interface.

3. Coin withdrawal fee calculation formula

The overall currency withdrawal fee calculation formula is as follows:

提币手续费 = 矿工费 + 平台手续费

4. Example

Take withdrawing 1 ETH to the exchange as an example, assuming:

• Mining fee: 0.001 ETH
• Platform procedures Fee: 0.005 ETH

thenWithdrawal fee = 0.001 ETH 0.005 ETH = 0.006 ETH

Warm reminder:

• Be sure to confirm that the coin receiving address is correct before withdrawing coins.
• The handling fee may vary depending on the currency and market conditions, and the actual handling fee may be different from the above calculation results.

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