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Homeweb3.0What procedures are required to withdraw money from KuCoin?

What procedures are required to withdraw money from KuCoin?

Apr 25, 2024 am 11:11 AM
Blockchaindigital currency

Detailed explanation of KuCoin withdrawal fees: Withdrawal of fiat currencies: the handling fee is 0.5%-1%, depending on the currency. Digital currency withdrawal: The handling fee depends on the currency and blockchain transaction fees, usually between 0.0005-0.01BTC equivalent. Factors that affect withdrawal fees: withdrawal method, currency, amount and network congestion.

What procedures are required to withdraw money from KuCoin?

KuCoin withdrawal fee

How to withdraw KuCoin?

KuCoin supports the following withdrawal methods:

  • Withdrawal of legal currency: Withdraw to bank account by binding bank card
  • Digital currency withdrawal: Transfer digital currency directly to the external wallet address

Detailed explanation of withdrawal fees

  • ##Legal currency Withdrawal: Different legal tender currencies have different withdrawal fees. The specific fees are subject to the real-time display on the platform. Typically, fees range from 0.5% - 1%.
  • Digital currency withdrawal: Different digital currencies have different withdrawal fees, which mainly depend on the transaction fees of the blockchain. Fees typically range from 0.0005 - 0.01 BTC equivalent.

Factors affecting withdrawal fees

  • Withdrawal method: The fees for legal currency withdrawals are usually higher than those for digital currency withdrawals .
  • Withdrawal currency: Different currencies have different blockchain transaction fees, which affects the withdrawal fee.
  • Withdrawal amount: Larger withdrawal amounts may incur higher handling fees.
  • Network congestion: When the blockchain network is congested, transaction fees will increase accordingly.

Note:

    KuCoin may adjust the withdrawal fee based on actual conditions.
  • Please make sure the withdrawal address is correct before withdrawing money.
  • The withdrawal process may require review, and the review time depends on the specific situation.
  • Withdrawal fees do not include blockchain network transaction fees.

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