What are crypto withdrawal fees?
Withdrawal transactions to crypto addresses outside of Vindax typically incur a “transaction fee” or “network fee”. This fee is not paid to Vindax but miners or validators, who are responsible for processing the transactions and securing the respective blockchain network.
Vindax must pay these fees to miners to ensure that transactions are processed.
VinDax Withdrawal Fees
Vindax 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 most updated fee listed on each withdrawal page.
Vindax Deposit Fees
Vindax deposit fee is free for cryptocurrencies.
Vindax 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.
Vindax withdrawal limits on the platform?
Each coin will have a different daily withdrawal limit. Please see the details of the withdrawal fee per coin in the deposit and withdrawal table above
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)?
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]
Vindax Trading Fees
Vindax trading fees is 0.1% for maker and taker is 0.1%. For details see the table below
|Level||VinDax holdings||MakerFees||TakerFees||User VinDaxMakerFees||User VinDaxTaker Fees|