When withdrawing USDT, the amount received in your external wallet may be slightly less than requested. This difference is usually due to the blockchain network fee, also called a gas fee.
Withdrawal Amount Calculation
If you request a withdrawal of 500 USDT and the network fee is 1.5 USDT:
500 USDT − 1.5 USDT Network Fee = 498.5 USDT Received
Who Receives the Network Fee
OnRake does not charge, collect, or profit from blockchain network fees.
These fees are set by the blockchain and paid to validators or miners who process and confirm transactions.
Blockchain network fees are separate from any platform-related charges.
Changes in Network Fees
Network fees can increase or decrease depending on:
The selected blockchain network
Current network congestion
The number of transactions being processed
The network's fee structure and transaction capacity
During periods of high activity, network fees may increase. They usually decrease when network traffic lessens.
Fee Differences Between Networks
Each blockchain uses different technology and fee models. Thus, USDT transfer costs may vary across networks.
Ethereum generally has higher transaction fees, while networks like TRON and Polygon often have lower fees. However, fees can change anytime, and lower fees aren't guaranteed.
Always select a network supported by both OnRake and the receiving wallet.
Network Fee Refunds and Adjustments
Blockchain network fees usually cannot be refunded because they are paid directly to the blockchain to process the transaction.
OnRake cannot reduce or manually adjust blockchain network fees.
Before Confirming a Withdrawal
Always check:
The selected network
The receiving wallet address
The applicable network fee
The estimated amount to be received
Transactions sent through an incorrect network or to an incorrect address may be permanently lost.