Compare Withdrawal Fees before you trade on a Exchange

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: cryptopediabd on December 05, 2020, 01:57:37 AM

Dude you are late to visit this site. I used this site when I need to exchange some coins or tokens. MMostly Ethereum transaction fees & I found coinex exchange have the lowest qualified support. The site already bookmark in my browser. For sure i don't use unknown exchange to use low transaction support.

Well, I may be later than you, but still earlier than most of the others here when you follow the posts. Then the question arises why you didn't open a thread to give others the helpful information of this site?

cryptopediabd

member

Activity: 154

Merit: 16

Quote from: tyz on August 10, 2020, 12:34:19 PM

Today I came across a page by chance where you can compare how much exchanges charge for withdrawal for a certain coin. This is really helpful because especially small and medium coins have partly really high withdrawal fees which you usually only find out when you are about to request a withdrawal and then have no choice but to accept it.

In my case I wanted to know where the cheapest place to trade and withdraw OCEAN token is. The comparison showed me four exchanges, where the cheapest one charges just $0.42 (1 OCEAN token) and the most expensive one $4 (9.5 OCEAN tokens). What an immense difference.

Check out https://withdrawalfees.com

Disclaimer: I have nothing to do with the service. I just found it by chance and find it super helpful.

Dude you are late to visit this site. I used this site when I need to exchange some coins or tokens. MMostly Ethereum transaction fees & I found coinex exchange have the lowest qualified support. The site already bookmark in my browser. For sure i don't use unknown exchange to use low transaction support.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: tyz on August 10, 2020, 12:34:19 PM

Check out https://withdrawalfees.com

I use the web and it really helps if I have to use another exchange that is different from what I usually use.

Quote from: Finestream on December 04, 2020, 05:10:17 PM

I agree with that, and especially during the surge of bitcoin where the exchange fee could also change, we having this directly could help us to compare and find the best exchange to use if we are looking for some cheaper withdrawal fee. The fact that it's in USD value, it's more helpful, I'm just hoping it's updated at the current price.

It's hard to find an exchange that will decrease withdrawal fees when the network's fees have decreased considerably, it could be because they are taking a profit from the withdrawal fees as well.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: tyz on December 01, 2020, 04:10:59 PM

Quote from: Shallow on December 01, 2020, 01:44:01 AM

This is really nice and very helpful especially now there are many exchanges, it also shows the reason why most exchanges will continue to rank up or being used mostly by users than others. Nevertheless, one can hardly blame small exchanges, I mean they are looking for more ways to make money and will surely be open to more ideas hence finds withdrawal fees as a good way to get started.
-snip-

Sure, withdrawal fees should not be the only factor to select an exchange. There are some more important ones like geographical restrictions, authenticity, security, anonymity etc in my opinion. But sometimes there are really outrageous fees and then you can use this page to quickly check whether the exchange is an option or not.

I agree with that, and especially during the surge of bitcoin where the exchange fee could also change, we having this directly could help us to compare and find the best exchange to use if we are looking for some cheaper withdrawal fee. The fact that it's in USD value, it's more helpful, I'm just hoping it's updated at the current price.

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: Shallow on December 01, 2020, 01:44:01 AM

This is really nice and very helpful especially now there are many exchanges, it also shows the reason why most exchanges will continue to rank up or being used mostly by users than others. Nevertheless, one can hardly blame small exchanges, I mean they are looking for more ways to make money and will surely be open to more ideas hence finds withdrawal fees as a good way to get started.
-snip-

Sure, withdrawal fees should not be the only factor to select an exchange. There are some more important ones like geographical restrictions, authenticity, security, anonymity etc in my opinion. But sometimes there are really outrageous fees and then you can use this page to quickly check whether the exchange is an option or not.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

This is really nice and very helpful especially now there are many exchanges, it also shows the reason why most exchanges will continue to rank up or being used mostly by users than others. Nevertheless, one can hardly blame small exchanges, I mean they are looking for more ways to make money and will surely be open to more ideas hence finds withdrawal fees as a good way to get started.
However, let's take a case scenario; what if it's a new token listed on only one exchange as a start with one trading pair maybe ETH or BTC pair? Well, I think in this case, the best thing to do would be to check if the exchange supports USDT withdrawal through Tron network (many exchanges are now supporting it), if it does then sell to USDT and withdraw and if it doesn't then selling to XLM or TRX would be a good idea as they all comes with low transaction or withdrawal fees.

tbterryboy

sr. member

Activity: 2030

Merit: 323

I do not feel like putting up with any other exchange that might be lower doesn't really feel like it is worth it to me, binance has low enough trading fee, their withdrawal fee is disgusting when it comes to bitcoin but I could do it with another coin so it is not a big problem, and all in all I would rather pay them more money if I have to instead of using another exchange that would suck and be bad.

So, there is really no reason for getting into another exchange just because they have lower fee than binance, considering binance fee rates specially for trading is very very low, I do not think there are many places that is lower than them, which makes them both awesome but also cheap at the same time. Plus when an exchange has a ton of volume, they can drop the trading fee and still make a lot of money.

nutriagrigia

sr. member

Activity: 1270

Merit: 254

Oikos.cash | Decentralized Finance on Tron

Quote from: lizarder on August 12, 2020, 09:10:49 AM

a useful site, unfortunately there are a few shortcomings here because in exchange menu there are a several of exchanges that I think should be deleted from this site because it looks like an exchange that is indicated as a scam, but it doesn't seem like a problem because coin menu section the data provided is very complete and I really like it, btw thanks for sharing.

I think that bad exchanges will appear because the site also does not exist for free and they will add some exchanges which will pay money for it

@baoli

jr. member

Activity: 1162

Merit: 1

Base.protocol

Some exchanges are know with that. Multiplying charges 10x when compared with others. The irony is that some coins might only be traded there leaving you with no choice than to trade.

lizarder

hero member

Activity: 1722

Merit: 895

a useful site, unfortunately there are a few shortcomings here because in exchange menu there are a several of exchanges that I think should be deleted from this site because it looks like an exchange that is indicated as a scam, but it doesn't seem like a problem because coin menu section the data provided is very complete and I really like it, btw thanks for sharing.

mardaed

full member

Activity: 994

Merit: 105

Thank you for sharing this website, this will be very helpful for everyone. It so nice of you to post your discovery here, and I will see to it that people will be really interested.

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: Kehindem on August 12, 2020, 06:38:17 AM

This amazing, it will help both newbie, and others especially this time that gas fee is very high, this is great. have been imagine why gas fee is like this but with this; i just have to calm down with these withdrawal fee link shared no panic

Indeed, gas prices are currently very high. Unfortunately, you will only see gas prices that are charged for Ethereum payout on listed exchanges. The gas prices for Ethereum-based smart contracts are not shown and they are extremely expensive at the moment, sometimes up to $10 for a single transaction.

Rune

legendary

Activity: 1229

Merit: 1001

Wow this site is really useful yeah a lot of exchanges do this now they incentive you to deposit and the withdrawal fees are over 10$ crazy.
The times have changed so much you can actually be losing 100s of dollars just moving money around between exchanges a few times.
I remember when one of the main selling points of crypto was send over a million dollars for a fee of under 1 penny.

Kehindem

jr. member

Activity: 199

Merit: 1

This amazing, it will help both newbie, and others especially this time that gas fee is very high, this is great. have been imagine why gas fee is like this but with this; i just have to calm down with these withdrawal fee link shared no panic

foxy

sr. member

Activity: 476

Merit: 250

Quote from: tyz on August 10, 2020, 12:34:19 PM

Today I came across a page by chance where you can compare how much exchanges charge for withdrawal for a certain coin. This is really helpful because especially small and medium coins have partly really high withdrawal fees which you usually only find out when you are about to request a withdrawal and then have no choice but to accept it.

In my case I wanted to know where the cheapest place to trade and withdraw OCEAN token is. The comparison showed me four exchanges, where the cheapest one charges just $0.42 (1 OCEAN token) and the most expensive one $4 (9.5 OCEAN tokens). What an immense difference.

Check out https://withdrawalfees.com

Disclaimer: I have nothing to do with the service. I just found it by chance and find it super helpful.

Thanks for sharing it with was indeed a very useful website if you are into arbitrage trading.
I opened the link and saw some exchanges are charging crazy withdrawal fees especially coinex which is charging .002 btc lol.

bakasabo

legendary

Activity: 2492

Merit: 1215

Great webpage. Thanks for sharing it. I've been looking for something like that for a long time.

There are only 64 exchanges in the list. What about others? What were the criteria to add exactly these 64? These exchanges are not most popular or dont show highest trading volume.

Would be great if they add something like "optional way to transfer cryptocurrency from one exchange to another". For example I have doge on Binance, want to move funds to Coinbase, and the webpage shows me the fastest or cheapest option to do it.

shoreno

full member

Activity: 1750

Merit: 118

thanks for this . i was about to find simillar service but i already forget it and here you remind me again .

im not a trader but this is the only time why im obsessed with my holdings because of the market pump that is happening lately . im going to check if which of the exchange my coin support that has a less btc or xrp withdrawal fees . my coins are only small and i want to get the most out of them .

bangkecol

sr. member

Activity: 784

Merit: 314

I have visit that site. It is good service to find about the withdrawl fees for any coins.
But, I personally for get low withdrawl fees I exchange my coins to dogecoins, because dogecoins have a low fees.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Very informative website. And I can see that they have a column for the minimum amount for a withdrawal as well. Now this is one of the issues I faced during my early days. Once I wanted to exchange the tokens that I received from a bounty campaign for ETH. But I was unable to withdraw them, as the exchange had kept the amount for a withdrawal at a very high level.

sapnu

sr. member

Activity: 1050

Merit: 286

Quote from: Twinkledoe on August 11, 2020, 11:16:08 PM

Quote from: tangtangup on August 11, 2020, 11:08:00 PM

There are many important things to choose an exchange. We should notice about withdraw fee and trading fee but it is not the most important thing. My first prioritization to choose crypto exchange is it must be a reputation one with high liquidity

Withdrawal fees maybe one consideration but should not be the topmost priority as there are some small exchanges charging low fees but you don't know how long they will process your transaction. Also, the liquidity is usually low so it would take days maybe before you complete your trading. So which one would you choose, you have assurance that you will get your money back in the time frame you are expecting it or pay for lower fees but no assurance when will get your coins back?

Indeed, we should not always compare the withdrawal fees like that. Sometimes it is correct that there are some exchanges that offers lower fees to make your transaction but not all of them are good at processing your transaction because some exchanges are offering low fees but they are delaying in making transaction. So it depends. Just choose on what makes your transaction convenient and safe.

Topic: Compare Withdrawal Fees before you trade on a Exchange (Read 536 times)