What are USDT widthdrawal blockchain fees for?

What are USDT widthdrawal blockchain fees for?

The blockchain transaction fee for USDT withdrawals is a typical fee paid to the Ethereum network for processing transactions.

Ethereum blockchain network charges a fee for every transaction. This fee is distributed to the network validators and serves as a stimulus for them to validate transactions.

The fee can vary depending on the network usage of other participants. Xapo does not generate profit from this fee but only covers transaction costs.

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