PowerTrade charges fees on cryptocurrency asset withdrawals from our platform. These fees are calculated dynamically based on prevailing applicable network fees. Withdrawal fees will be charged in the form of the cryptocurrency asset that is being transacted.
Withdrawal fee estimates will be displayed on the withdrawal confirmation screen of your app before the transaction is executed.
The following examples are not exhaustive, but are meant to illustrate common scenarios involving withdrawal fees.
Alice has 100 USDC in her PowerTrade account. She initiates a withdrawal of 20 USDC. Withdrawal fees are set at 10 USDC for this transaction. As a result of the withdrawal, Alice receives 20 USDC and has 70 USDC left in her account.
Alice has 100 USDC in her PowerTrade account. She initiates a withdrawal of 100 USDC. Withdrawal fees are set at 10 USDC for this transaction. As a result of the withdrawal, Alice receives 90 USDC and has 0 USDC left in her account.
Alice has 100 USDC in her PowerTrade account. She initiates a withdrawal of 95 USDC. Withdrawal fees are set at 10 USDC for this transaction. As a result of the withdrawal, Alice receives 90 USDC and has 0 USDC left in her account.
There is a minimum withdrawal amount that corresponds to roughly 20 USD in each asset. Withdrawal attempts that specify amounts that are lower this minimum will fail with an error message. Depending on the volatility of the asset in question, these minimum amounts could fluctuate. If you encounter the "Withdrawal amount less than minimum" error message even though your specified withdrawal amount is significantly greater than 20 USD, please .
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