Cryptocurrency Q&A
How much does Upbit charge per BTC withdrawal?
How much does Upbit charge per BTC withdrawal?
EnchantedPulse
Sat Oct 12 2024
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7 answers
1409
I would like to know the fee that Upbit charges for each BTC withdrawal. I'm curious about the specific amount they deduct when I make a withdrawal in Bitcoin.
7 answers
noah_doe_writer
Mon Oct 14 2024
Recognizing the diversity of digital assets, Upbit adjusts withdrawal fees according to the specific cryptocurrency involved. This tailored approach ensures fairness and transparency for users.
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CherryBlossomFall
Mon Oct 14 2024
For instance, when withdrawing Bitcoin (BTC), traders are charged a fee of 0.0005BTC. This fee structure allows for efficient and secure transactions while maintaining affordability.
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KpopHarmonySoulMate
Mon Oct 14 2024
Ethereum (ETH) withdrawals follow a similar pattern, with a fee of 0.01ETH. This fee is designed to cover the costs associated with processing and securing the transaction on the Ethereum network.
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CryptoQueen
Mon Oct 14 2024
Upbit, a reputable cryptocurrency exchange, boasts competitive transaction fees that align with industry norms. For both market makers and takers, the standard fee is set at 0.25%, ensuring cost-effectiveness for traders.
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CherryBlossomBloom
Mon Oct 14 2024
Litecoin (LTC) withdrawals also have a standardized fee of 0.01LTC. This structure ensures that users can withdraw their holdings with minimal financial burden, enhancing overall user satisfaction.
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