What is a withdrawal network? Why the wrong one can cost you
Short answer
A withdrawal network is the blockchain your crypto travels on. Many coins can use several: USDT, for example, runs on ERC20, TRC20 and more. The network you pick must match the one the receiving address is on. Get it wrong and your crypto may not arrive, or may be lost.
- Check which network the receiving side supports, then pick the same one on the withdrawal page.
- Fees and speed differ from one network to the next.
- Sending to a new address for the first time? Try a small amount first.
In one line
The withdrawal network is the road your crypto takes. Both ends have to be on the same road for it to arrive.
An example
You’re withdrawing USDT from an exchange to your own wallet.
- Your wallet gives you a Tron address, so you pick TRC20 on the withdrawal page.
- If you picked ERC20 (Ethereum) instead, your USDT would be on the wrong road and might never reach your wallet.
Fees
Withdrawal fees depend on the network: sending the same USDT can be cheap on one and pricier on another. The withdrawal page shows the fee before you confirm. The fee rebate only covers trading fees, not withdrawal fees.
Related
FAQ
I picked the wrong network. Can I get my crypto back?
Maybe not. Sometimes the exchange can recover it, possibly for a fee; sometimes it's gone. Only ask through the help centre on the official site. Anyone who contacts you offering to recover it is a scammer.
Which network is best?
There's no best one, only one that matches. Make sure both sides use the same network first, then pick the cheapest or fastest of the ones that work.
What do ERC20 and TRC20 mean?
They're token standards, and people use them as network names too: ERC20 is on Ethereum and TRC20 is on Tron. Both carry USDT, but they're separate networks, so both sides have to use the same one.