When you withdraw Bitcoin from Bitstack to another wallet, you can choose the speed of the transaction: Standard, Fast, or Priority. The choice is yours! 😊
Transaction fees are calculated at the time of your request and depend on the transfer speed you choose. Here’s what that looks like:
Priority – 10 minutes or less: Pro Rata + an additional fee of up to €3
Fast – 2 hours or less: Pro Rata + an additional fee of up to €2
Standard – usually 24 hours or less: Free 🎉
If any fees are applied, you'll see them clearly on the withdrawal confirmation screen before you finalize your transaction. 👍
Quick note:
The Pro Rata fees for Priority and Fast speeds are based on your share of the network transaction fees, which can fluctuate.
Network transaction fees are an essential payment you make to miners to add your transaction to the blockchain. The exact amount depends on two factors: the speed of the transaction you choose and how congested the blockchain is at the time. The more people trying to make Bitcoin transactions at the same time, the higher the fees can be. 📊