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Why can't I withdraw less than 3 NEO from KuCoin?

avatarGojo GreyratDec 25, 2021 · 3 years ago4 answers

I'm trying to withdraw NEO from KuCoin, but it seems that the minimum withdrawal amount is set to 3 NEO. Why is there a minimum withdrawal limit for NEO on KuCoin?

Why can't I withdraw less than 3 NEO from KuCoin?

4 answers

  • avatarDec 25, 2021 · 3 years ago
    The minimum withdrawal limit for NEO on KuCoin is set to ensure the security and efficiency of the withdrawal process. By setting a minimum limit, KuCoin can reduce the number of small transactions and optimize the use of network resources. This helps to prevent network congestion and ensures that larger transactions can be processed smoothly.
  • avatarDec 25, 2021 · 3 years ago
    The minimum withdrawal limit for NEO on KuCoin is a common practice among cryptocurrency exchanges. It is designed to prevent users from making frequent small withdrawals, which can be time-consuming and inefficient. By setting a minimum limit, KuCoin encourages users to consolidate their NEO holdings and withdraw larger amounts, which is more cost-effective and efficient.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we understand that the minimum withdrawal limit for NEO on KuCoin may be inconvenient for some users. However, this limit is set by KuCoin and is beyond our control. If you have any concerns or suggestions regarding the withdrawal limit, we recommend reaching out to KuCoin's customer support for further assistance.
  • avatarDec 25, 2021 · 3 years ago
    The minimum withdrawal limit for NEO on KuCoin is in place to ensure the smooth operation of the platform and prevent abuse. By setting a minimum limit, KuCoin can deter potential malicious activities such as spamming the network with numerous small transactions. This helps maintain the overall integrity and stability of the NEO network.