What are network fees?

Bitcoin/Litecoin/Bitcoin Cash/Ethereum

We charge a network fee for Bitcoin/Litecoin/Bitcoin Cash/Ethereum withdrawals from your Abra wallet to an external Bitcoin/Litecoin/Bitcoin Cash/Ethereum wallet.

A Network fee is required to ensure your transaction is confirmed by the Bitcoin/Litecoin/Bitcoin Cash/Ethereum mining network and fluctuates based on volume on the network. Abra does not profit from it.

We currently select a high-priority fee, to ensure fast confirmation on the blockchain. You need to have enough funds to cover the network fee. 

Actual fees fluctuate based on Bitcoin network volume. A network fee is calculated at the time of a transaction and it will always be shown in the confirmation step before the transaction completes. Abra does not profit from this fee.