What is the withdrawal fee for Bake?
Updated over a week ago

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.

Bake charges a fixed withdrawal fee.

For cryptocurrencies on their native blockchain:

  • Bitcoin: 0.0007 BTC

  • Bitcoin Cash: 0.002 BCH

  • DeFiChain: 1.0 DFI

  • Ethereum: 0.010 ETH

  • MATIC: 0.5 MATIC

  • Polkadot: 0.5 DOT

  • Solana: 0.01 SOL

  • Sui: 0.1 SUI

  • Tether: 25 USDT

  • USDC: 25 USDC

  • Euro Coin: 20 EUROC

  • Litecoin: 0.01 LTC

  • Dogecoin: 5 DOGE

  • NEAR: 0.15 NEAR

  • CARDANO: 1.5 ADA

For cryptocurrencies using the DeFiChain network:

  • DeFiChain: 1.0 DFI

  • Bitcoin: 0.00007 BTC

  • Ethereum: 0.001 ETH

  • MATIC: 0.5 MATIC

  • Polkadot: 0.05 DOT

  • Solana: 0.005 SOL

  • Sui: 0.1 SUI

  • Tether: 0.50 USDT

  • USDC: 0.50 USDC

  • EUROC: 0.20 EUROC

  • Litecoin: 0.01 LTC

  • Dogecoin: 5 DOGE

  • Bitcoin Cash: 0.002 BCH

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

  • Ethereum: 0.010 ETH

  • DeFiChain: 100 DFI

  • MATIC: 25 MATIC

  • Tether: 25 USDT

  • USDC: 25 USDC

  • EUROC: 20 EUROC

For Decentralized Assets (dTokens)

  • dGME: 0.077 dGME

  • dAMZN: 0.008 dAMZN

  • dARKK: 0.024 dARKK

  • dPLTR: 0.071 dPLTR

  • dQQQ: 0.003 dQQQ

  • dBABA: 0.016 dBABA

  • dTLT: 0.012 dTLT

  • dVNQ: 0.014 dVNQ

  • dSPY: 0.002 dSPY

  • dCOIN: 0.008 dCOIN

  • dTSLA: 0.005 dTSLA

  • dEEM: 0.03 dEEM

  • DUSD: 1.111 DUSD

  • dAAPL: 0.006 dAAPL

  • dGOOGL: 0.008 dGOOGL

  • dSLV: 0.055 dSLV

  • dPDBC 0.089 dPDBC

  • dGLD: 0.006 dGLD

  • dNVDA: 0.002000 dNVDA

  • dURTH: 0.009 dURTH

Please be aware that the withdrawal fee has been updated as of January 22, 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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