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How to Understand Withdrawal Fees on ZendWallet

< 1 min read

Step 1: Check the Fee Structure

  • Visit the withdrawal section in ZendWallet to view the fees associated with each cryptocurrency. Fees vary based on the cryptocurrency type and network congestion.

Step 2: Review Fee Information Before Confirming

  • During the withdrawal process, review the displayed fees before finalizing the transaction. Ensure you understand the fees that will be applied.

Step 3: Account for Fees in Your Withdrawal Amount

  • Make sure the total amount you want to receive includes the withdrawal fees. For example, if you want to receive 1 BTC and the fee is 0.001 BTC, withdraw 1.001 BTC.

Step 4: Keep Track of Fee Changes

  • Cryptocurrency fees can fluctuate. Regularly check for updates on fee structures in ZendWallet.

Overview: Understanding and accounting for withdrawal fees ensures you receive the expected amount and helps in better transaction planning.

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