What To Know About Crypto Withdrawals

Here are some commonly asked questions regarding crypto transactions. 


How long will it take?

Typically crypto transactions take anywhere from 5 - 60 minutes depending on the cryptocurrency and how busy the network is at that time. 


What are network fees?

Each cryptocurrency varies in amount, however, network fees are generally paid by the user and sent directly to the miner who verifies your transaction. Oobit does not get a share or profit from this in any way.


Network fees are worked out based on how busy the network is at the time (the more busy, the higher the fee) and are automatically calculated by Oobit and added to your amount. To learn more you can read more about network fees here. 


Are there any hidden costs?

No, what you see is what you get. The only "extra cost" is the transaction fee charged by the network, which is calculated and displayed before you confirm the transaction.


What are the withdrawal limits? 

Users are able to withdraw as much crypto as they like, with no limits.

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