Will I Pay a Withdrawal Fee?

Yes. When withdrawing Bitcoin from the Littlebit app to your crypto wallet, a network fee applies. 

This fee is charged by the Bitcoin network for processing and confirming the transaction. It does not go to Littlebit. The amount of the network fee depends on current network congestion. When network activity is lower, the fee is typically lower. When network activity increases, the fee may be higher.

The network fee changes dynamically each time. You will always see the current fee when initiating a withdrawal. The fee is deducted from the amount being sent, so you know exactly how much Bitcoin will be delivered to your wallet. 

Littlebit does not earn any profit from the network fee. The entire fee goes to miners who confirm transactions on the Bitcoin network. 

If you are unsure how the network fee is calculated or why it varies, please contact us here. We will be happy to explain everything clearly.