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Are there any fees associated with sending ERC20 tokens from KuCoin?

avatarGorli DivyaDec 25, 2021 · 3 years ago3 answers

When sending ERC20 tokens from KuCoin, are there any fees that I need to pay?

Are there any fees associated with sending ERC20 tokens from KuCoin?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with sending ERC20 tokens from KuCoin. The fees vary depending on the specific token you are sending and the current network congestion. It is recommended to check the KuCoin fee schedule for the most up-to-date information on the fees for ERC20 token withdrawals. Keep in mind that the fees are typically deducted from the total amount of tokens you are sending, so make sure to account for that when initiating a withdrawal.
  • avatarDec 25, 2021 · 3 years ago
    Sending ERC20 tokens from KuCoin does come with fees. These fees are necessary to cover the costs of processing and verifying the transactions on the Ethereum network. The exact amount of fees can vary depending on factors such as network congestion and gas prices. It's always a good idea to check the current fee schedule on KuCoin's website before initiating a withdrawal to ensure you are aware of the fees involved.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with sending ERC20 tokens from KuCoin. However, the specific fees can vary depending on the token and network conditions. It's best to check the KuCoin platform or contact their customer support for the most accurate and up-to-date information on the fees for sending ERC20 tokens. Keep in mind that fees are a common part of cryptocurrency transactions and are necessary to ensure the security and efficiency of the network.