What is the withdrawal fee for Bitcoin?

One of the most popular cryptocurrencies, Bitcoin (BTC), has a transfer fee of 0.0001 BTC when withdrawn from an exchange or wallet. This fee is necessary to confirm the transaction on the Bitcoin blockchain.

Ethereum (ETH), another major cryptocurrency, utilizes the ERC20 token standard for its smart contracts and tokens. When withdrawing Ethereum or any ERC20 token, a fee of 0.0015 ETH is charged. This fee contributes to the maintenance and security of the Ethereum network.

Solana (SOL), a relatively newer cryptocurrency, has gained popularity for its high transaction speeds and low fees. Withdrawals of Solana from exchanges or wallets incur a fee of 0.01 SOL, showcasing the network's commitment to maintaining affordability.

Cryptocurrency transactions often involve transfer fees, which are charged for the movement of digital assets between wallets or exchanges. These fees vary depending on the cryptocurrency and the network it operates on.

While not directly related to the withdrawal fees mentioned, it's worth noting that Binance Smart Chain (BEP20) is a popular blockchain that hosts a variety of tokens. However, in the context of this list, a potential confusion arises as the withdrawal fee for BNB Smart Chain tokens is incorrectly stated as 0.004 SOL, which seems to be a mistake. Typically, BEP20 token fees would be denominated in the native token or a small amount of BNB for gas.