Understanding Minimum Withdrawal Amounts
Each cryptocurrency on HOYA BIT has specific minimum withdrawal thresholds. Transactions below these limits cannot be processed. If you encounter withdrawal issues despite entering correct details, contact our support team at [email protected] for assistance.
Current Minimum Withdrawal Requirements by Token:
| Cryptocurrency | Minimum Withdrawal Amount |
|---|---|
| USDT | 20 |
| BTC | 0.001 |
| ETH | 0.01 |
| POL | 20 |
| DOGE | 10 |
| SOL | 0.016 |
| XRP | 25 |
| ADA | 3 |
| LTC | 0.0002 |
| LINK | 0.61 |
| XLM | 0.02 |
| AVAX | 0.006 |
| SHIB | 500,000 |
| DOT | 1.15 |
👉 Need help with crypto withdrawals? Our comprehensive guide explains the entire process step-by-step.
Key Considerations
- Network Congestion: During peak periods, withdrawal processing may take longer than usual.
- Wallet Compatibility: Always verify recipient wallet addresses support the specific token.
- Security Checks: We implement mandatory cooling-off periods for first-time withdrawals.
Frequently Asked Questions
Why do withdrawals require recipient information?
Providing recipient details enhances transaction security and creates an audit trail, helping prevent fraudulent activities.
Are there withdrawal fees?
HOYA BIT charges network fees that vary by cryptocurrency. These cover blockchain processing costs and aren't controlled by the exchange.
Can tokens be recovered if sent to wrong addresses?
Recovery is extremely difficult and often impossible due to blockchain's irreversible nature. Always triple-check addresses before submitting withdrawals.
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Best Practices for Smooth Withdrawals
- Address Verification: Use copy-paste functions instead of manual entry
- Small Test Transactions: Send a minimal amount first when using new addresses
- Memo/Tag Fields: Certain coins like XRP require these additional identifiers
- Browser Security: Always access your account through official channels
Remember: HOYA BIT will never ask for your withdrawal passwords via email or chat. Report any suspicious requests immediately to our security team.