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What are the withdrawal fees on Bake?
Updated this week

Bake charges a small withdrawal fee to cover blockchain fees and administrative costs.

Please note: Bake constantly adjusts fees in accordance with current market conditions, and aims to offer the most competitive rates. You can view the withdrawal fee in your dashboard before making a withdrawal request. Furthermore, since we are a leading lending and staking service provider and not an exchange, our storage system varies slightly from those on exchanges.

We employ the highest security standards and practices for our customer’s funds, involving a complicated custody system with cold storage and multi-sigs authorization to protect your assets. We have an elaborate screening and review process combined with a security hold period to maximise your funds security.

For cryptocurrencies on their native blockchain:

  • Bitcoin: Fees dynamically calculated

  • Bitcoin Cash: 0.001 BCH

  • DeFiChain: 16.66 DFI

  • Ethereum: Fees dynamically calculated

  • MATIC: 0.05 MATIC

  • Polkadot: 0.1 DOT

  • Solana: 0.008 SOL

  • Sui: 0.12 SUI

  • USDT: 10 USDT

  • USDC: 10 USDC

  • Euro Coin: 9 EUROC

  • Litecoin: 0.002 LTC

  • Dogecoin: 5 DOGE

  • NEAR: 0.05 NEAR

  • Cardano: 0.8 ADA

  • Cosmos: 0.10 ATOM

  • Celestia: 0.25 TIA

For cryptocurrencies using the DeFiChain network:

  • DeFiChain:16.66 DFI

For cryptocurrencies using the Ethereum (ERC-20) network:

  • Ethereum: Fees dynamically calculated

  • DeFiChain: 200 DFI

  • MATIC/POL: 27 MATIC

  • USDT: 10 USDT

  • USDC: 10 USDC

  • EUROC: 9 EUROC

For cryptocurrencies using the Polygon network:

  • USDT: 0.7 USDT

  • USDC: 0.7 USDC

  • MATIC: 0.2 MATIC

For cryptocurrencies using the DeFiChain-MetaChain network

  • DeFiChain: 16.66 DFI

For cryptocurrencies using Tron network

  • USDT: 2.50 USDT

Please be aware that the withdrawal fee has been updated as of August 30, 2024. Fees may be subject to change. For more accurate information, kindly refer to the Bake platform at the time of withdrawal.

Are withdrawals processed as Smart Contracts?

Please note that certain networks may involve smart contract transactions. When withdrawing, please take note of the warning and ensure that the receiving platform or wallet supports smart contract transactions to avoid any issues.

Kindly check this article for more information: https://support.bake.io/en/articles/9104213-smart-contracts

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