How much are the withdrawal costs (blockchain fees) for digital currency? How much are the withdrawal costs (blockchain fees) for digital currency?

How much are the withdrawal costs (blockchain fees) for digital currency?

Withdrawal fees (blockchain fees) are the costs of sending digital currency. The blockchain fee is a small amount that is paid to the 'miners' of the network for processing the transaction on the blockchain. The transaction fee is deducted from the total of your transaction, so in the end you will always receive slightly less than you transfer. The blockchain fee is a standard part when sending digital currencies, regardless of whether you do this via Bitvavo or not. However, Bitvavo does not charge any additional fees for the withdrawal of digital currency.

Here you can find a full overview of Bitvavo's fees/costs.

Please note: the withdrawal costs can be substantially higher in some cases. This can be the case if there is a lot of traffic on a particular blockchain. If you think the costs are too high, it is best to wait until the traffic has calmed down a bit. This will cause the withdrawal costs decrease automatically. You can also use another digital currency/blockchain. For more information on the current costs of the ERC20 blockchain you can use this link.