At Cake DeFi, we employ the highest security measures and protocols. Our system currently processes all ETH & USDT withdrawals via Smart Contract. Please note: Due to the instability of Ethereum fees, we are forced to send all ETH & USDT (ERC20) transactions in the form of a Smart Contract, so we can guarantee the transaction arrives at its destination address. A slight downside is that smart contracts are more costly than normal transactions.
Please ensure your destination wallet can receive ETH/ERC20 via smart contracts.
How are ETH & USDT (ERC20) fees calculated?
Please see the example below for illustration purposes:
120k gas * gasPrice in gwei * ETH price in USD / 1e9
General calculator example:
gasPrice: 94 gwei
ETH price: $1400
Cost per withdrawal
= 120000 * 94 * 1400 / 1e9
= $15.792
gasPrice check https://ethgasstation.info