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Newton offers three BTC Withdrawal Lanes: Fast, Standard, and Free, each catering to different customer needs.

Below, we’ll break down the fees for each lane using an example BTC withdrawal amount equivalent to $500 CAD, assuming a 1 BTC price of $80,000 CAD.

1. Fast Lane

Summary: Processed within 20 minutes. Customers pay network fee + $10 CAD Newton fee.

• Initial BTC Amount: 0.00625 BTC ($500 CAD)
• Network Fee: 0.0001 BTC (approx.) ($8 CAD)
• Newton Fee: 0.000125 BTC (approx.) ($10 CAD)
• Total Fees: 0.000225 BTC ($18 CAD)
• Final BTC Amount Received: 0.006025 BTC ($482 CAD)

2. Standard Lane

Summary: Processed approximately every 2 hours. Customers pay only the network fee.

• Initial BTC Amount: 0.00625 BTC ($500 CAD)
• Network Fee: 0.0001 BTC (approx.) ($8 CAD)
• Newton Fee: None
• Total Fees: 0.0001 BTC ($8 CAD)
• Final BTC Amount Received: 0.00615 BTC ($492 CAD)

3. Free Lane

Summary: Processed every night. No fees for customers as Newton covers the network fee.

• Initial BTC Amount: 0.00625 BTC ($500 CAD)
• Network Fee: Covered by Newton
• Newton Fee: None
• Total Fees: 0 BTC
• Final BTC Amount Received: 0.00625 BTC ($500 CAD)

Conclusion

BTC Withdrawal Lanes give you the flexibility to choose the transaction speed and cost that best suits your needs. Whether you need your Bitcoin quickly or want to save on fees, Newton provides the options to manage your Bitcoin withdrawals effectively.

Please note that the fees mentioned above are estimates and actual network fees will vary based on network conditions.