Is there any handling fee for withdrawing coins from the BMX exchange to the wallet?

Withdrawal fees from BMX exchange

A handling fee is required for withdrawing coins from BMX exchange to your wallet.

Composition of handling fee

Withdrawal handling fee is mainly composed of two parts:

• Network handling fee: Collected by the blockchain network to process transactions.
• Exchange handling fee: is collected by the BMX exchange and is used to maintain platform operations.

How to calculate the handling fee

The network handling fees and exchange handling fees of different currencies are different. The specific calculation method is as follows:

• Network fee: Depends on the congestion level of the blockchain network and transaction size. Generally, network fees are lower.
• Exchange fees: Usually a fixed amount regardless of transaction size.

How to check the handling fee

When withdrawing coins on the BMX exchange, the platform will display the total handling fee to be paid. You can check the specific handling fee details on the currency withdrawal page.

Is the handling fee refundable?

Once the withdrawal transaction is confirmed by the blockchain network, the handling fee will not be refundable.

How to reduce handling fees

If the transaction amount is small, the handling fee may be higher. The following methods can help you reduce handling fees:

• Choose a currency with lower handling fees: There may be differences in network handling fees and exchange handling fees for different currencies.
• Choose a time period with lower congestion: The congestion level of the blockchain network will also affect network handling fees.
• Choose an exchange with lower handling fees: Different exchanges may charge different handling fees.

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