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Why are ETH & USDT withdrawal fees higher compared to some other providers?
Why are ETH & USDT withdrawal fees higher compared to some other providers?
Updated over a week ago

At Bake, we employ the highest security measures and protocols. Our system currently processes all ETH & USDT withdrawals via Smart Contract. Please note: Due to the instability of Ethereum fees, we are forced to send all ETH & USDT (ERC20) transactions in the form of a Smart Contract, so we can guarantee the transaction arrives at its destination address. A slight downside is that smart contracts are more costly than normal transactions.

Please ensure your destination wallet can receive ETH/ERC20 via smart contracts.

How are ETH & USDT (ERC20) fees calculated?
Please see the example below for illustration purposes:


120k gas * gasPrice in gwei * ETH price in USD / 1e9

General calculator example:
gasPrice: 94 gwei

ETH price: $1400


Cost per withdrawal

= 120000 * 94 * 1400 / 1e9

= $15.792

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