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

The handling fees required for withdrawing coins from HyperPay cold wallet to transactions include basic handling fees (fixed according to the currency and quantity) and network handling fees (varying according to the degree of network congestion). The actual handling fee is equal to the basic handling fee plus network handling fee, and is displayed in the withdrawal currency on the currency withdrawal interface. The handling fee is non-refundable. It is recommended to confirm the actual handling fee and adjust the withdrawal amount before withdrawing coins.

HyperPay cold wallet withdrawal to transaction fee calculation

On the HyperPay platform, withdrawal of currency from cold wallet to exchange A handling fee is required. The specific calculation method of the handling fee is as follows:

1. Basic handling fee

The basic handling fee is fixed based on the currency of the withdrawal and the amount of the withdrawal. Different currencies have different basic handling fees. Users can check the basic handling fee of a specific currency on the HyperPay official website or application.

2. Network handling fee

Network handling fee is used to pay the transaction fees of the blockchain network. The cost varies depending on network congestion. During periods of network congestion, network handling fees will be higher.

3. Actual handling fee

The actual handling fee is the sum of the basic handling fee and the network handling fee. Actual handling fee = basic handling fee network handling fee.

4. Display of handling fees

When withdrawing coins on the HyperPay platform, users can see the details of the actual handling fees on the coin withdrawal interface. The handling fee will be displayed in the currency of withdrawal.

5. Fee reminder

• The handling fee is non-refundable.
• If the number of coins withdrawn is small, the handling fee may be larger.
• It is recommended that users confirm the actual handling fee before withdrawing coins, and adjust the withdrawal amount as needed.

6. Example

Suppose you want to withdraw 1 Bitcoin from the HyperPay cold wallet to the exchange. The current basic handling fee is 0.0005 Bitcoin. The network fee is 0.0001 Bitcoin. Then, the actual handling fee is:

0.0005 0.0001 = 0.0006 Bitcoin

Therefore, the user needs to pay a handling fee of 0.0006 Bitcoin to withdraw 1 Bitcoin from the HyperPay cold wallet to the exchange.

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