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What are the fees associated with withdrawing crypto from Celsius?

avatarJohn ArsbusterDec 18, 2021 · 3 years ago3 answers

Can you provide details on the fees charged for withdrawing cryptocurrency from Celsius? How much do they typically charge and are there any additional fees or limits to be aware of?

What are the fees associated with withdrawing crypto from Celsius?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to withdrawing crypto from Celsius, there are a few fees to keep in mind. First, there is a network fee that is charged by the blockchain network for processing the transaction. This fee varies depending on the network congestion and the specific cryptocurrency being withdrawn. Additionally, Celsius may charge a withdrawal fee, which is a percentage of the total amount being withdrawn. The exact percentage varies depending on the cryptocurrency. It's important to note that Celsius does not charge any fees for depositing or holding cryptocurrency in your Celsius wallet.
  • avatarDec 18, 2021 · 3 years ago
    Withdrawal fees from Celsius can vary depending on the cryptocurrency you're withdrawing. The network fee is charged by the blockchain network and can fluctuate based on network congestion. Celsius also charges a withdrawal fee, which is a percentage of the total amount being withdrawn. The specific percentage varies depending on the cryptocurrency. It's always a good idea to check the Celsius website or app for the most up-to-date fee information before making a withdrawal.
  • avatarDec 18, 2021 · 3 years ago
    When withdrawing crypto from Celsius, you may encounter two types of fees. The first is the network fee, which is charged by the blockchain network and can vary depending on the cryptocurrency and network congestion. The second is the withdrawal fee charged by Celsius, which is a percentage of the total amount being withdrawn. The exact percentage depends on the specific cryptocurrency. It's worth noting that BYDFi, another popular cryptocurrency exchange, also charges withdrawal fees, but the specific fees may differ. To avoid any surprises, it's recommended to review the fee schedule on Celsius' website or app before initiating a withdrawal.