How to deduct the handling fee for withdrawing coins from the wallet to the exchange? Is it a coin deduction?

php editor Xinyi will answer for you: The method of deducting handling fees for withdrawing coins from wallets to exchanges varies from platform to platform. Some platforms will directly deduct a certain number of coins as handling fees, while some platforms will deduct a certain number of coins from the number of coins withdrawn. A portion will be deducted as handling fee. Generally speaking, the handling fee will be deducted as a certain proportion or a fixed amount of the amount of coins withdrawn. Before withdrawing coins, it is recommended to check the relevant exchange regulations and understand the handling fee deduction method to avoid unnecessary losses.

How to deduct the handling fee for withdrawing coins from the wallet to the exchange?

Gas fees are required when withdrawing funds from the wallet to the exchange. For example, BNB will be deducted when withdrawing coins on the Binance Smart Chain, while TRX will be deducted on the Tron Chain. The handling fees of each chain are different, so they cannot be calculated uniformly.

For example, when withdrawing coins from a TP wallet, after mining NB in ​​the TP Tron wallet, click to withdraw. You need to pay a mining fee of 10 Trx. After confirmation, the mined NB will be automatically transferred to your wallet. The withdrawal to the wallet is successful, then click on the wallet NB balance and click on transfer. Each trading area has a wealth of digital asset trading varieties, currently supporting 140 trading pairs and 108 currencies. Handling fee: 0.1%. FatBTC.

The handling fee of Little Fox Wallet is not high, usually less than 50% after successful withdrawal. A handling fee will be charged when withdrawing cash, usually around 1/10,000.

Is the handling fee for withdrawing coins from the wallet to the exchange deducted?

The handling fee for withdrawing coins from the wallet to the exchange is a deduction. Generally speaking, the handling fee for withdrawing coins = miner fee and service fee.

The currency withdrawal fees in most centralized account systems are usually much higher than the actual miner fees, and a certain currency withdrawal threshold is set. On the one hand, this approach is to reduce energy consumption, and on the other hand, it is to obtain a certain amount of middleman fees.

What needs to be mentioned here is that many users will have questions: Why do they not need to prepare the main chain coins themselves as mining fees when withdrawing coins in the centralized account system? For example: When transferring USDT, why is USDT deducted directly instead of its main chain currency BTC or ETH, but why do you have to prepare the corresponding main chain currency yourself in the decentralized wallet?

This is because, in the centralized account system, the service provider will use their own main chain currency to pay the mining fee on behalf of the user, while in the decentralized wallet, the service provider cannot intervene in the user's transfer behavior because they do not have information such as the user's private key.

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