To send cryptocurrency to external wallets, fees are incurred to ensure that the transactions are processed.
Cryptocurrency Withdrawal Fees
Network Fees for External Transfers:
When you send cryptocurrency to an external wallet, a network fee is required to ensure the transaction is processed on the blockchain.
Viewing Fees Before Withdrawal:
The current fee for your transaction will be displayed on the withdrawal page under the Network Fee section. You can review this fee before deciding to proceed with your withdrawal.
Variable Fees:
There is no fixed or permanent fee per token. Blockchain fees fluctuate over time based on network conditions, ensuring successful on-chain transactions.
Where the Fees Go:
These fees do not go to Coins; they are entirely used to cover the blockchain network's processing costs.
Should you have other concerns or clarification, contact us through the following:
Frequently Asked Questions
How to send cryptocurrency from your Coins.xyz account?
To send cryptocurrency from your Coins.xyz account, follow these steps:
1. Log In and Access Portfolio: Log into your Coins.xyz account, and navigate to the Portfolio tab. Select the cryptocurrency you wish to send (e.g., BTC).
2. Choose Sending Option:
- External wallet: Click the three dots next to the cryptocurrency and select Send.
- Coins account: For sending to another Coins.xyz account, select Send to a Coins Account.
3. Input Transaction Details:
- External wallet: Choose the network, enter the amount, and provide the recipient's wallet address. Ensure the network matches that of the recipient’s wallet.
- Coins account: Enter the recipient's registered email address or mobile number along with the amount.
4. Confirm Transaction: Review all transaction details for accuracy and click Confirm.
5. Complete Security Check: Enter all required verification codes under Security Check. The Confirm button will activate once all codes are correctly entered.
Important Note: Transactions are irreversible, so double-check all details before confirming. Transfers between Coins.xyz accounts are immediate, while external wallet transfers depend on blockchain confirmations.