Is there any fee for outgoing transactions from my Xapo BTC wallet to an external address?

In order to send outgoing transactions and to ensure they are successfully processed, users will have to pay miner fees. This fee is paid to the bitcoin miners so that they are able to process transactions and secure the network. The fee is dynamically calculated and it can be higher or lower depending on the volume of pending transactions on the network at the time that you make the outgoing transaction.

You will always have the ability to not only see this fee before a transaction is sent but also choose which type of fee you'd like to pay for either a standard or high priority transaction, thus allowing you to choose how quickly you'd like for your transaction to be processed by the miners!

The standard fee is the average fee that most bitcoin transactions are paying at the time. Whereas the high priority fee is a bit higher so the miners to process the transaction more quickly! The fee is directly debited from your wallet at the time you send the outgoing transaction.

Find out more about the difference between a standard and a high priority transaction fee.

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