Latest Update March 11th 2022
Quadency has adopted a dynamic model to determine the withdrawal fee.
The withdrawal fee is made of two components:
Network or Gas fees on the Ethereum network refer to the unit that measures the amount of computational effort required to execute specific operations on the blockchain network. Thus, these network fees are always evolving.
Quadency Withdrawal Fee
Currently, Quadency doesn't charge any service fee for withdrawal. This is subject to update in the future.
When withdrawing from your Quadency account, the fee will be charged directly to your Quadency account and the amount specified will be sent in full to your withdrawal address.
If you have 10,000 QUAD in your Quadency account and wish to withdraw 1,000. Your balance will be as-is:
Quadency account: 9,000 QUAD - minus Network fee equivalent in QUAD
10,000 - 1,000 (amount withdrawn) - Network fee
Withdrawal address: 1,000 QUAD