Processing fees for BTC to BTC transfers.
To ensure that transactions are processed on the bitcoin network (blockchain), outgoing transfers sent to external bitcoin 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 bitcoin.
Wyre passes this miner fee onto users to complete their transfers. Currently, this fee is set to BTC 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.
*This miner fee can change quickly from week to week depending on the market volatility. While we work on building a dynamic fee structure, we'll be sure to notify you of any fee changes via email and our twitter account.