A withdrawal is the transfer of funds (usually in the form of cryptocurrency or fiat currency) from one platform to another. Withdrawals are typically used to transfer assets between wallets and exchanges, as well as to convert fiat between a bank account and a fiat on-ramp service provider. Withdrawals are a type of blockchain transaction that frequently includes a transaction fee charged by both the service provider and the underlying blockchain network used to carry out the transaction to cover network transaction fees.