About Withdrawal Fees

What are withdrawal fees? Withdrawal fees refer to the charges incurred when transferring digital assets from your NewCoin account to an external wallet address or another trading platform. These fees primarily cover the blockchain network fee (also known as the miner fee), which ensures your on-chain transaction is processed, confirmed, and completed successfully.

How much are withdrawal fees? Withdrawal fees on NewCoin are not fixed. They are dynamically adjusted based on real-time conditions of the blockchain network. As network congestion and transaction costs vary across different blockchains, withdrawal fees are updated accordingly in real-time.

Why do withdrawal fees change? The operational status of blockchain networks is inherently volatile, mainly due to the following factors:

• When network transaction volume increases and congestion intensifies, on-chain miner fees (Gas Fees) rise.

• When the network operates smoothly, transaction costs relatively decrease. NewCoin dynamically adjusts withdrawal fees for corresponding cryptocurrencies based on the current state of the blockchain network, ensuring your withdrawal requests are processed promptly and successfully.

Where can I check the current withdrawal fees? You can view the real-time withdrawal fees for each cryptocurrency on the Withdrawal page of your NewCoin account. Before submitting a withdrawal request, please ensure you confirm the latest fee information displayed on the page to avoid any impact on your transaction due to fee changes.

NewCoin Team