Dear BingX Users,
The Ethereum network is congested recently and the withdrawal fee of ERC20 tokens has increased significantly. Therefore, the platform recommends users to use TRON network ( TRC20 ) for withdrawals to avoid higher withdrawal fees.
- Reasons why the withdrawal fees of ERC20 tokens increase:
The Ethereum network has been congested recently, and major exchanges have increased their withdrawal fees. In order to ensure the timeliness of withdrawals, a reasonable handling fee will be calculated by the BingX system automatically based on the fluctuation of the gas fee of each token in real time.
- Real-time withdrawal fees and speed are determined by actual situations such as whether the chain is congested or not.
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before participating in contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether participating in contract trading is profitable. Investors should base their decision on their investment experience, goals, financial status, and ability to bear risks.
BingX Operation Team