Interactive Brokers LLC clients who have permission to trade cryptocurrency can now move their cryptocurrency assets from their Paxos account to an external wallet through the Paxos web application.
You can currently transfer up to $5,000 per transaction and a total of $5,000 per day from your Paxos account to another wallet. When you transfer digital assets, Paxos will deduct a fee for processing the transaction from the total amount you’re transferring.
This fee, called a network transaction or gas fee, will be taken from the transfer amount. So the receiving wallet will get the net quantity of cryptocurrency after deducting the fee. This fee applies to all crypto assets.
Paxos will try its best to process your withdrawal as fast as it can. However, the time it takes to complete the withdrawal may depend on factors like the amount you’re withdrawing, the type of token. And how busy the Blockchain network is.
Trading digital assets, like cryptocurrencies, is very risky. It’s meant for people who can handle taking big risks and can afford to lose money.
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