withdrawal schedule for different cryptocurrencies
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What are network fees?
Withdrawal transactions to crypto addresses outside EarnPark incur a network transaction fee, also referred to as a network fee. The actual fee you pay will vary based on the network supported by EarnPark for this coin/token. When a user withdraws their funds from the EarnPark platform, two transactions are initiated: from the platform to the FireBlocks, and from the FireBlocks to the wallet.
Why is there a need for network fees?
Mining is the process through which cryptocurrency transactions are collected, verified, and recorded into a digital ledger known as blockchain. The work of miners and validators is essential for maintaining the integrity of the network. This is why fees are essential for a network to work smoothly.
How are the fees calculated?
Withdrawal fees can fluctuate depending on market demand and network capacity, and EarnPark team updates them accordingly. Since transaction fees are dynamic, you will be charged as per the current network conditions. The fee amount is based on an estimate of the network transaction fees and can fluctuate without notice due to factors such as network congestion. Please check the most updated fee listed on each withdrawal page.
Is there a minimum withdrawal amount?
There is a minimum amount for each asset. If the amount is too little, you won’t be able to request a withdrawal. However, the minimum withdrawal amount and fees can change unexpectedly due to unforeseeable factors like network congestion.
On the withdrawal page, you can find transaction fees charged and the minimum withdrawal amount. Please note that the minimum withdrawal amount and transaction fees change depending on the network supported by EarnPark for this coin/token.
Please be advised
We don't support the BEP20 / TRC20 network for ETH / USDT transfers. Meanwhile, we are planning to support more efficient networks soon. Once these changes go live, we will notify our users via EarnPark’s social media channels.
Please, make sure that the destination wallet supports the network that you are using to send crypto.
By withdrawing, you acknowledge that EarnPark is not responsible for any coins sent to the wrong address.
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