What are crypto withdrawal fees?
Withdrawal transactions to crypto addresses outside of FTX typically incur a “transaction fee” or “network fee”. This fee is not paid to FTX but miners or validators, who are responsible for processing the transactions and securing the respective blockchain network.
FTX must pay these fees to miners to ensure that transactions are processed.
FTX withdrawal fees ?
FTX withdrawal fees are dynamic, you will be charged according to 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 coin withdrawal fees in the table above
FTX deposit fees ?
FTX deposit fee is free for cryptocurrencies
FTX minimum amount for withdrawal?
There is a minimum amount for each withdrawal request. If the amount is too little, you won’t be able to request a withdrawal. You can refer to the Deposit & Withdrawal Fees page to check the minimum withdrawal amount and transaction fees of each cryptocurrency. However, please note that the fees can change without notice due to unforeseeable factors, such as network congestion.
Please make sure you select the correct network. If the address you are withdrawing to is an ERC20 address (Ethereum blockchain), you must select the ERC20 option before making the withdrawal. DO NOT select the cheapest fee option. You must select the network that is compatible with the withdrawal address. If you select the wrong network, you will lose your funds.
FTX withdrawal limits on the platform?
For unverified accounts maximum withdrawal limit is 2000$ per daily .
Upgrade KYC your account to access extended withdrawal limits and lowest fees.
Token Confirmation(s) Required
USDT (ERC20) 10
**We do not accept Tron smart-contract deposits.
FTX aims to process withdrawals promptly. Most withdrawals are processed within a few minutes. Larger withdrawals can require manual review and take up to a few hours.
Note that withdrawals of stablecoins can be limited by their creation and redemption speeds. For larger withdrawals this can take up to 6 hours on weekdays and up to one day on weekends.
Note: FTX will disable your withdrawals for the next 24h whenever:
You change your FTX email account
You disable/ reset your 2fa
You reset your password
USD, USDC, TUSD, PAX, BUSD, and HUSD all count as “USD Stablecoin” balances. Depositing any of those to your FTX wallet will credit you 1:1 with USD Stablecoins. Please note that PAXG has a 0.02% on-chain transaction fee.
You can withdraw USD Stablecoins 1:1 as any of USDC, TUSD, PAX, BUSD, and HUSD with no conversion fee and no blockchain fee if you have 150ftt staked, otherwise you would be subject to blockchain fees for erc20 withdrawals. You can also transfer it to FTX’s otc portal.
USDT can be withdrawn or withdrawn as either ERC20, TRC20 or SPL. You can find all your USDT deposit addresses in your wallet. FTX will automatically detect which chain you are withdrawing USDT on based on the address you are sending it to.
Wrong Address or Chain
FTX is not responsible if you send deposits or withdrawals to an incorrect address. If you are withdrawing from FTX to an incorrect address, there is nothing FTX can do to recover the tokens. If you deposit to an incorrect FTX address, we can attempt to recover it, but will charge up to $500 or 5% to do so.
The chain that a crypto deposit is sent on is really important. If deposits are sent on the wrong chain we will attempt to recover them but an automatic 5% fee will be charged for chains that we have systems to recover from; from other chains we might not be able to credit.
FTX does automatically credit smart contract ETH deposits, although smart contract ETH deposits do take longer, there may be a 24 hour delay from when the deposit has 10 confirmations to when it will be credited to your account. Standard ETH blockchain transfers will be immediately credited after 10 confirmations.
What is a ” Chain Network address”?
Chain network is a blockchain network built for running smart contract-based applications. It help users manage their digital assets cross-chain with low latency and large capacit.
An “network address” is, in essence, a specific “location” on the blockchain to which coins can be sent in the form of a string of letters and numbers. A cryptocurrency address can be shared publicly in the form of text or QR code to receive funds.
If the system detects you input a wrong format, it will inform you of an “invalid address”. In this case, please check your recipient’s address and withdrawal network, and make sure that the information your input is correct.
What is Memo/Tag?
A “Tag” or “Memo” is an additional address feature necessary for identifying a transaction recipient beyond a wallet address.
“The memo is not valid” indicates that the user has input the wrong memo. Please confirm with the recipient to ensure that your information is correct.
Why I get a “Network busy” error message? What can I do?
If you get a “network busy” error message, this means that the network is currently congested due to a high volume of use. Please try again later or select other networks. Your patience is much appreciated.
What is a transaction ID (TxID)?
How To Check Your Withdrawal Transaction Hash (TXID)?
You can also click on the TxID to see the status of the relevant transaction in that blockchain explorer. Note that your funds will be transferred to the relevant block after the nodes have confirmed the transaction. If the network is congested, it may take longer for your funds to arrive.
You can also access your transaction history from [Wallets]
FTX Trading Fees
The maker and taker model is a way to differentiate fees between trade orders that provide liquidity (“maker orders”) and take away liquidity (“taker orders”). Maker and taker trade orders are charged different fees.
• Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell.
• Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book.
FTX trading fees is 0.02% for maker and taker is 0.07%. For details see the table below
|Tier||30D Volume USD||Maker Fees||Taker Fees|