How to transfer USDT from Bitpie? Is there any handling fee?

Yes, when you use BitPie to transfer USDT, you need to pay a network fee. This fee is charged by the blockchain network to cover the cost of transaction processing and confirmation. Fees are calculated based on transaction size, network congestion and selected transfer speed.

Is there any handling fee for transferring USDT out of Bitpie?

Answer: Yes

Fees Details:

When using Bitpie to transfer USDT out, a certain network fee will be charged. This fee is charged by the blockchain network to cover the cost of transaction processing and confirmation. The amount of the fee depends on network congestion and the chosen transfer speed.

Handling fee calculation:

Bitpie’s handling fee is calculated based on the transaction size and current network congestion. Fees are measured in gas, which is a measure of the computing power required to execute a transaction. The price of gas is affected by the degree of network congestion. The higher the degree of congestion, the higher the gas price.

How to pay the handling fee:

When transferring USDT, you need to use BTC or ETH to pay the handling fee. This is because USDT is built on the Bitcoin or Ethereum blockchain, and fees need to be paid with the native tokens of these networks.

Reduce handling fees:

• Choose transfers during off-peak hours: Transferring when network congestion is low can reduce handling fees.
• Consider using slower transfer speeds: Slower transfer speeds require less gas and therefore have lower fees.
• Choose a blockchain with a lower gas price: The ETH blockchain generally has a lower gas price than the BTC blockchain, so transferring USDT to an ETH address can save on handling fees.

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