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

Withdrawing coins from BitPie cold wallet to the exchange, the handling fee calculation formula is: total handling fee = basic handling fee, blockchain network fee, surcharge (optional). Among them, the basic handling fee varies according to different currencies, the blockchain network fee fluctuates due to network congestion, and the surcharge is an optional fee used to speed up the withdrawal of coins.

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

You need to pay for withdrawing coins from BitPie cold wallet to the exchange Handling fee. The handling fee is calculated as follows:

1. Basic handling fee

BitPie cold wallet charges users a basic withdrawal fee, which varies depending on the type of cryptocurrency. Specific fees can be viewed on the BitPie official website or application.

2. Blockchain network fees

In addition to basic handling fees, the blockchain network itself will also charge fees. This fee is used to pay the miners or validators who maintain the blockchain network. Blockchain network fees fluctuate based on network congestion levels.

3. Surcharge (optional)

Users can pay a surcharge to speed up the withdrawal of coins. The surcharge is usually optional but can be useful for users who are eager to receive their funds.

Calculation formula

Total handling fee = Basic handling fee Blockchain network fee surcharge (optional)

Example

Suppose you want to withdraw 1 ETH from BitPie cold wallet to the exchange. The current blockchain network fee is 0.001 ETH. In this case, the handling fee is calculated as follows:

• Basic handling fee: 0.01 ETH
• Blockchain network fee: 0.001 ETH
• Additional fee (can Select): 0 ETH

Total handling fee = 0.01 ETH 0.001 ETH 0 ETH = 0.011 ETH

Therefore, you need to pay 0.011 ETH to withdraw 1 ETH from BitPie cold wallet Exchange.

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