How to calculate the handling fee for withdrawing currency from imToken cold wallet to the exchange

The handling fee for withdrawing currency from imToken cold wallet to the exchange consists of two parts: mining fee and exchange handling fee. Mining fees are affected by network congestion, and exchange fees vary from exchange to exchange. When calculating the total handling fee, just add the mining fee and exchange handling fee. For example, to withdraw 1 ETH from imToken to Binance, the handling fee is 0.001 ETH (mining fee) + 0.02 ETH (exchange handling fee) = 0.021 ETH.

ImToken cold wallet withdrawal to exchange fee calculation

Fee composition:

The handling fee for imToken cold wallet withdrawal to the exchange mainly consists of two parts:

• Mining fee: is collected by the blockchain network and used to pay miners The fee for processing transactions, which is affected by network congestion.
• Exchange handling fee: is charged by the exchange to pay for the operation and security of the trading platform.

Calculation method:

Mining fee:

• Open imToken App and select "Transfer"
• Enter the withdrawal address and amount
• The system will automatically display the estimated mining fee, and different rates can be selected according to the congestion of the blockchain network

Exchange handling fee:

• Visit the exchange and find the currency withdrawal interface
• Select the currency and withdrawal address
• The system will display The amount of handling fees charged by the exchange

Total handling fee:

Total handling fee = Mining fee + Exchange handling fee

For example:

Suppose you want to withdraw 1 ETH from imToken cold wallet to Binance exchange. The current mining fee is 0.001 ETH and Binance’s handling fee is 0.02 ETH. The total handling fee is :

Total handling fee = 0.001 ETH (mining fee) + 0.02 ETH (exchange handling fee) = 0.021 ETH

Note:

• The handling fee will be adjusted with changes in the blockchain network and exchange policies.
• In order to ensure a smooth transaction, it is recommended to leave a certain margin for handling fees.
• Please check the withdrawal address carefully before withdrawing coins to avoid misdirection.

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