Cryptocurrency Q&A
How much is charged for withdrawal?
How much is charged for withdrawal?
KpopHarmonySoul
Fri Sep 06 2024
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5 answers
1151
Excuse me, I'm interested in withdrawing some funds from my cryptocurrency account, but I'm unsure about the fees involved. Could you please clarify how much is charged for withdrawals? Are there any fixed fees or are they based on the amount being withdrawn? Additionally, is there a minimum withdrawal amount that I need to be aware of? I'd appreciate any information you can provide to help me make an informed decision.
5 answers
Raffaele
Sun Sep 08 2024
As the withdrawal amount increases, so does the fee. For amounts between 2501 and 5000 Kshs, the charge rises to 69 Kshs. This incremental increase reflects the cost associated with processing larger transactions.
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SejongWisdomKeeperElite
Sun Sep 08 2024
Cryptocurrency transactions often involve various fees, one of which is the ATM withdrawal charge. This fee varies depending on the amount withdrawn, making it essential for users to be aware of the costs involved.
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CryptoEnthusiast
Sun Sep 08 2024
For withdrawals ranging from 200 to 2500 Kenyan shillings (Kshs), a charge of 35 Kshs is applicable. This fee is relatively low for small withdrawals, making it a convenient option for quick cashouts.
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Raffaele
Sat Sep 07 2024
For withdrawals exceeding 5000 Kshs, the fee structure changes further. Withdrawals from 5001 to 10,000 Kshs attract a charge of 115 Kshs, highlighting the growing costs associated with larger cashouts.
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EnchantedMoon
Sat Sep 07 2024
For even larger withdrawals, from 10,001 to 35,000 Kshs, the fee increases significantly to 203 Kshs. This substantial fee reflects the complexities and risks associated with handling large amounts of cash.
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