To ensure that transactions are processed on the Ethereum network (blockchain), outgoing transfers sent to external Ethereum wallet addresses are charged a "mining" or "network" fee. This fee is paid directly to the miners, Wyre does not profit from sending or receiving Ethereum .
Wyre passes this miner fee onto users to complete their transfers. Currently, this fee is set to ETH 0.0001*, no matter the transfer amount.
You can always check the miner fee on your dashboard. The fees are also displayed on the final review send screen.
If you have any issues with your account or if you have questions about the approval process, please contact us at [email protected].