What is the withdrawal fee at Cake?
To cover blockchain fees and administrative costs, Cake DeFi charges a small withdrawal fee.
Please note: Cake DeFi 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 to 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.
Cake DeFi charges a fixed withdrawal fee:
- Dash: 0.003 DASH
- DeFiChain: 0.2 DFI
- Bitcoin: 0.0005 BTC
- Ethereum: 0.012 ETH
- Tether: 25 USDT
- Litecoin: 0.01 LTC
- Dogecoin: 5 DOGE
- Bitcoin Cash: 0.001 BCH
- USDC: 25 USDC
Please note that withdrawal fees are constantly adjusted according to current market conditions. You can view the most recent withdrawal fee in your dashboard before making a withdrawal.
Are ETH & USDT withdrawals processed as Smart Contracts?
Our system processes all ETH and USDT withdrawals via Smart Contract. So, please, please, please ensure your destination wallet can receive ETH via Smart Contracts.
Read also: “How are ETH & USDT (ERC20) fees calculated”