Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect.
Upbit has reminded its customers to double-check the withdrawal costs.
Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect.
Recent reductions in Ethereum network costs have an immediate effect on the transaction fees for different tokens, prompting Upbit to take this new step. Withdrawals for Ethereum, the cryptocurrency with the second-largest market capitalization, will now cost just 0.007 ETH instead of 0.009 ETH. In addition, the withdrawal fee for the widely used meme coin Shiba Inu will be drastically reduced from 560,000 SHIB to 101,331 SHIB.
Solidifying Position
A wide variety of other cryptocurrencies listed on the crypto exchange will also be imp
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