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How are Network Fees Processed?

To process digital asset withdrawals, network fees are deducted in the following ways for each respective protocol:

UTXO (BTC, BCH, LTC, etc.)

  • Retail Platforms: Withdrawals are processed on batch schedules (~10min). Network fees are distributed evenly to the operating platforms based on UTXO transactions sent in the batch withdrawal.

    If you are operating a platform, it is recommended to hold a sufficient balance in your account to allow for network fees in processing withdrawals for your customers. Insufficient balances can result in delays in withdrawals and cause network fees to become outstanding which will be deducted from the platform operator's account upon the next deposit.
  • Institutional: Withdrawals are processed individually. Network fees will be deducted from the participant's account the withdrawal is being requested from.

    Insufficient balances can result in delays in withdrawals and cause network fees to become outstanding which will be deducted from the participant's account upon the next deposit.

ETH/ERC20

  • Retail Platforms: Withdrawals are processed individually. Gas fees can be specified within a API withdrawal request. More information on setting your own gas fees can be found here. Gas fees are deducted from the operating platform's balances.

    If you are operating a platform, it is recommended to hold a sufficient balance in your account to allow for network fees in processing withdrawals for your customers. Insufficient balances can result in delays in withdrawals and cause network fees to become outstanding which will be deducted from the platform operator's account upon the next deposit.
  • Institutional: Withdrawals are processed individually. Network fees will be deducted from the participant's account the withdrawal is being requested from.

    Insufficient balances can result in delays in withdrawals and cause network fees to become outstanding which will be deducted from the participant's account upon the next deposit.

Tag-Based (XRP, XLM, EOS, etc.)

  • Retail Platforms: Withdrawals are processed individually. Any network fees incurred will be deducted from the operating platform's balances.

    If you are operating a platform, it is recommended to hold a sufficient balance in your account to allow for network fees in processing withdrawals for your customers. Insufficient balances can result in delays in withdrawals and cause network fees to become outstanding which will be deducted from the platform operator's account upon the next deposit.

  • Institutional: Withdrawals are processed individually. Network fees will be deducted from the participant's account the withdrawal is being requested from.

    Insufficient balances can result in delays in withdrawals and cause network fees to become outstanding which will be deducted from the participant's account upon the next deposit.