Compare Withdrawal Fees before you trade on a Exchange

tyz

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Activity: 1229

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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

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Activity: 199

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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

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Activity: 476

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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

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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

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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

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Activity: 784

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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

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Activity: 1988

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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

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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.

Dhoe

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Quote from: ElmedoRator on August 11, 2020, 06:35:02 AM

A useful site, I believe many people will need it in order to choose the cheapest and safest withdrawal fee exchange. I will note this website and use it in the future to save as much as possible

Yes, I immediately bookmarked this site, this really helps me as a Trader who always withdraws coins from one Exchange to another Exchange. The appearance of site also attractive, easy to understand. I think this is very suitable for day traders.

Twinkledoe

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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?

DevilSlayer

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Quote from: crwth on August 10, 2020, 10:09:51 PM

Quote from: ?? on ??

Quote from: crwth on August 10, 2020, 08:57:16 PM

Personally, I don't check the withdrawal fee before trading just because it's not the greatest parameter you should look into for an exchange.

Sometimes you should have checked or at least small traders should check. In yobit, if I'm correct the withdrawal fee for BTC was 0.002 BTC. Guess what? There are small traders who make this amount of profir sometimes. In that case, they will lose rather than profit.

That's just my opinion on it. I'm an avid trader who is on to better liquidity and volume when I need it. I believe that there's more profit with an exchange that has a large volume. I guess it should be immediate attention to traders that there's a withdrawal fee, depending on the exchange, and not withdraw every 0.002 BTC of profit and lose that amount to just the fee itself.

The liquidity is important because in that way you can identify if you can easily enter and exit in a trade, look at the shit exchanges out there; they do not have enough liquidity and volume and it is the reason why the spread is to high. In terms of withdrawal fees, the best exchanges and most reliable have only small differences when it comes to withdrawing popular coins like btc, eth and ltc. Like Binance, Kucoin and Okex where they have same withdrawal fees in the exchanges that I mentioned.

tangtangup

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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

SistaFista

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Hexhash.xyz

We should do that before we deposit any coins to the exchange, otherwise we will have unnecessary loss when withdraw.
The way to do this, after create new account on exchange, go to withdrawal and input any amount (even our account still have no balance), and usually it will show the amount of withdrawal fee.

MikeyVeez

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When you use the biggest crypto exchanges, you don't have to care about fees and commisions because they have pretty same rates. Thats why I do not use exchanges with zero reputation because I never know how much it will cost me.

ScamViruS

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This site is useful for crypto traders. Those who use this site will be able to know in advance about the withdrawal fees and the fees on different exchanges. This will benefit the traders, as they will know about the fees in advance. It is often seen that due to not knowing about the fee in advance, a large amount of fee has to be paid to withdraw a small amount, which reduces the amount of profit of that trader. This fee is not high for big traders, but those who have less funds depend a lot on the withdrawal fee for small traders.

Thanks OP for share this information.

sujonali1819

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I want to thanks OP for sharing this useful website links. Generally, people are interested to trade in their favorite exchanges. But sometimes we need to think about the withdrawal fees especially for lower amounts tnx. In this situation, this site is really helpful to see some exchanges withdrawal fees in one place. Bookmarked the site and I will use it if needed in the future.

kingzpro

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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.

Due to withdrawal plus hidden or changing trading fee i am getting annoyed with centralized exchanges and i have started using Uniswap more and more yes it does cost fee also but basically that is transaction gas fee (which is also high these days) plus the liquidity providers fee, still it is hassle free and smooth process for me and fee is one time when the deal is done. So i am happy with the way how it works and i am sure in next versions and upgrades uniswap will even improve on this.

princecharles

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It's a good strategy to compare prices of withdrawal as well as the least amount of tokens to be withdrawn, before making decisions on the exchange to use. This would help prevent the loss of funds for users who are withdrawing a small amount. Secondly, some exchange make withdrawal too expensive, some blockchain like dogecoin transaction fee is 1 dogecoin, its criminal for an exchange to charge 1500 dogecoin for a withdrawal that was effected with less than 1 dogecoin.

Zeehaxan

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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.

I am really concerned to see high withdrawal fee on exchanges as well and i have even skipped selling on many exchanges after seeing high fee. If this trend continues i think that the Dexes will easily take over traditional exchanges due to unfair withdrawal fee.

JCviggen

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So many years I have been in the cryptocurrency market - I never knew about this website. This is a very convenient tool that will help everyone to reduce their commission fees

ElmedoRator

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A useful site, I believe many people will need it in order to choose the cheapest and safest withdrawal fee exchange. I will note this website and use it in the future to save as much as possible

livingfree

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Quote from: tyz on August 11, 2020, 05:34:11 AM

Quote from: livingfree on August 10, 2020, 05:31:19 PM

Whoever the developers are should add more on the list. It will be one of the best comparisons website if most of the exchanges are there and they have listed how much the fees are.

I find the list quite extensive considering that the developers have to gather the information mainly by hand. There are only a few exchanges (e.g. Binance) where there is a page with an overview of the fees that can be queried automatically.

If someone comes by and he or she is too meticulous with the fees, it can help them. But you are right, that demand is too broad although I'm not that demanding but I know there's always more for websites like this.

Overall, this share is great and the website itself is.

tyz

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Quote from: Leonardo7 on August 10, 2020, 03:14:35 PM

Thanks for this, some exchanges are just too expensive. Binance has increased their USDT on ERC20 withdrawal fee to about $2+, I understand this is because of the ever cloging ethereum network. Hotbit is one exchange that is notorious for withdrawaal fees.

The fees of Binance are still within the average range. But nothing beats the usurer exchange HitBTC.

Quote from: livingfree on August 10, 2020, 05:31:19 PM

Whoever the developers are should add more on the list. It will be one of the best comparisons website if most of the exchanges are there and they have listed how much the fees are.

I find the list quite extensive considering that the developers have to gather the information mainly by hand. There are only a few exchanges (e.g. Binance) where there is a page with an overview of the fees that can be queried automatically.

Genemind

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Well, this is helpful, especially for those who are active in trading. Some withdrawal fees are ridiculous especially when BTC price is high. Of course, it still depends on network traffic and the market price of the coin. This will help traders save some of their crypto that goes to the withdrawal fees.

maxreish

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It's good to know that they came up with these withdrawal fees. But honestly, with those 66 exchages written on the site majority of those exchanges were not popular and I only knew few of them. Some exchanhes does have fixed withdrawal fees while some were not. But still, this website is helpful when doing some comparisons because fees as of the moment are really high since the market is bull run.
Anyway, I always do some conversion of coins if the fees are the problem though. Easy for me to send coins in an instant with very cheaper wd fees.

mersal

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Good find OP, this will be definitely helpful for lot if the traders and also for newbies.

This exchange calculates USD value of withdrawal fee based on what prices? Is it calculated based on the reported value on coinmarket cap or any other websites?

crwth

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Quote from: ?? on ??

Quote from: crwth on August 10, 2020, 08:57:16 PM

Personally, I don't check the withdrawal fee before trading just because it's not the greatest parameter you should look into for an exchange.

Sometimes you should have checked or at least small traders should check. In yobit, if I'm correct the withdrawal fee for BTC was 0.002 BTC. Guess what? There are small traders who make this amount of profir sometimes. In that case, they will lose rather than profit.

That's just my opinion on it. I'm an avid trader who is on to better liquidity and volume when I need it. I believe that there's more profit with an exchange that has a large volume. I guess it should be immediate attention to traders that there's a withdrawal fee, depending on the exchange, and not withdraw every 0.002 BTC of profit and lose that amount to just the fee itself.

crwth

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https://linktr.ee/crwthopia

I didn't know that there's a website to compare withdrawal fees. It's a great source of information about it and easily be seen. Thanks for sharing OP.

Personally, I don't check the withdrawal fee before trading just because it's not the greatest parameter you should look into for an exchange. The best factor when I'm looking into the trading exchange is with the trading volume that they have. That's more important to me compared to the withdrawal fees.

Little Mouse

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Quote from: ryzaadit on August 10, 2020, 04:05:53 PM

Too bad, they don't have a shorter button to show up a coins/exchange with a smallest to high or reverse or from high to lowest fee. This could be helping so much, so we don't really scroll or going to the next page for looking coins with a small fee

The purpose is not to show you coins with small fee, rather the purpose is which exchange charges how much for different coins. I have checked it. This is perfectly designed. People need to check a certain coin and different fees for that coin. I do not think anyone will ever search which coin is the cheapest.
Nice find, have zero smerit at the moment. OP, I think you should move the thread to service discussion.

Chuky92

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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.

This is good findings to be frank and will help in a lot of ways but it is also limited which can be seen in cases where the token is trading on just one exchange; also I see it as work in progress, that is, more room to upgrade. However, in my own opinion, I find it better also withdrawing via the coin with lowest fee such as Trx, XRP, XLM. Also, USDT can work too if the exchange supports TRC 20 chain, that is, when withdrawing USDT from an exchange like Binance, via TRC20 chain, there is no fee, however not all exchanges supports it.

kawetsriyanto

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duelbits.com

That is right. Fees are one of the things that I mostly consider when going to a transaction. If it is about the withdrawal fees, several exchanges may have an almost similar rate of the fees. but some have higher rates. that is why we can go to the sites at first and check on the transaction fees, withdrawal fees, and other fees that may be required.
Comparing fees from one exchange to others may help us to reduce the funds to spend, moreover if the amount that we are going to withdraw is not a big amount.
However, please note that choosing an exchange is not only about the withdrawal fees but also other fees and other indicators. Thye is such as:
- Trust f the exchange
- Trading volume
- rate of the coin price (higher is better than other exchanges)
- Minimum withdrawal
and others.
if you need to trade in certain exchange and the fee is high you can convert to some coins that have loser fees such as TRX, XLM, and others.
But the problem is if you will withdraw it to the fiat. I am sure that in a country may be some exchanges and we can compare each other about fees for withdrawing to fiat.

CaVO32

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Quote from: ife2020 on August 10, 2020, 05:54:20 PM

You have raised a very good issue, and believe me the withdrawalfees website will come in handy. Also, what about circumstances where the token is trading in a single exchange and there no other alternatives to trade? For that, i recommend that traders can take their profits and withdraw through the token which has the lowest withdrawal fee on the exchange; it could be xrp, it could be eos etc

That site is really helpful when you want to reduce the fees you want to pay. But you need to consider about the liquidity of the exchange as well as the support. Because you might be chasing lower fees but it would take days and days to see your coins. Withdrawal fee is one important factor but if you can't get out your funds, I guess it is better to use an exchange with relatively higher fees but you have your peace of mind that you will receive your funds. Also, check if the trading volume of that exchange is what you're looking for. Because sometimes it would take days also to complete your order if the exchange is small and don't have much of trading activity.

ife2020

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Are you kind to your neighbor? Think it through

You have raised a very good issue, and believe me the withdrawalfees website will come in handy. Also, what about circumstances where the token is trading in a single exchange and there no other alternatives to trade? For that, i recommend that traders can take their profits and withdraw through the token which has the lowest withdrawal fee on the exchange; it could be xrp, it could be eos etc

erikoy

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Activity: 686

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Yes this is the usual things I do when I do trading. It hurts you know whe you trade and your possible profit will only go to transaction fees being deducted from the exchanges that one has been using.

Relativy having a good exchange may boost possible income when trading and lessen the possible losses due to high transaction fees being deducted to every transaction.

livingfree

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Thanks for sharing the link. Cool

Whoever the developers are should add more on the list. It will be one of the best comparisons website if most of the exchanges are there and they have listed how much the fees are.

We need this if we're wanting to trade somewhere.

IvugeoEvolutionCoin

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It's very necessary to know withdrawal fees of any exchange even before you make deposit and trade, thanks for pointing out OP. Some exchanges have ridiculous withdrawal fees. Also, if you wish to hold a coin long term in your personal wallet, please do check the withdrawal fee of the exchange before you buy it. Some coins like TRX, DOGE, NEO have negligible withdrawal fees in some exchanges, reason why they are good for inter exchange withdrawal (example from Binance to Kucoin).

reza7777

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Thank you for providing this information because it is very helpful for everyone, and when I see the list of link you shared, it turned out to be true if HITBTC was in the first position for the most expensive FEES

Finestream

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Merit: 606

Quote from: ryzaadit on August 10, 2020, 04:05:53 PM

Too bad, they don't have a shorter button to show up a coins/exchange with a smallest to high or reverse or from high to lowest fee. This could be helping so much, so we don't really scroll or going to the next page for looking coins with a small fee

Yup, that's what I was expecting, for example in the list, I search for Binance and it loaded 232 coins where there's no option to sort from the highest to lowest vice versa in terms of fees. As you can see https://withdrawalfees.com/exchanges/binance

Anyway, I would like to thank OP ,though not as what I'm expecting but it's still a big help.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

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.

Yeah, some exchanges are just exploiting the users via withdrawal fee, i still remember when i used to trade at hitbtc exchange it often had rediculously high withdrawal fee and i am sure it will still be the same, exchange are already making a killing if you sum up all trafing transactions and they want high withdrawal fee as well which is nothing but just a kind of ransom.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Too bad, they don't have a shorter button to show up a coins/exchange with a smallest to high or reverse or from high to lowest fee. This could be helping so much, so we don't really scroll or going to the next page for looking coins with a small fee

Leonardo7

member

Activity: 686

Merit: 15

Thanks for this, some exchanges are just too expensive. Binance has increased their USDT on ERC20 withdrawal fee to about $2+, I understand this is because of the ever cloging ethereum network. Hotbit is one exchange that is notorious for withdrawaal fees.

Henrytrust

copper member

Activity: 238

Merit: 1

Thanks for this great exposition. I sincerely haven't come across the website before, but I must confess that it's very beneficial. I immediately bookmarked on my browser because I know it would be of immense help. Withdrawal fee atimes is not available for one to view in some exchange until one have the token to withdraw and this could make it difficult to compare prices across exchange.

nicecrypto

member

Activity: 1260

Merit: 21

I don't understand why suddenly fees are so expensive this days, it is very difficult to transfer small amounts now without making a high transaction fee, I hope this high fee will come down at some point, I have few tokens to transfer to an exchange buy I must need gas fee and fees have increased a lot, this is really difficult times.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

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

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.

I can add two things:

1 - Don't use a small unkown exchange because of their fees. You may end up in a scam exchange and lose everything.

2 - It is better to swap to a cryptocurrency with low withdrawal fees. XRP is excelent for that. Usually XRP withdrawal fees are 1-5 XRPs, whichi is quite lwo.....

Iyanu14

member

Activity: 795

Merit: 10

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.

This is quite really fantastic findings I must say. Times in the past, I have both spent and wasted lots of gas fees on meagre transactions. Since then I have been trying to look out for exchange where I can trade conveniently with minimal gas fees, especially if the coin I want to trade is listed on more than one exchanges. I tried to find the exchange with most favourable trading price as well as low trading fees, but I've not really come across a site that will do multilateral comparison. This is good and I will definitely check it out.

Eddyc

sr. member

Activity: 1020

Merit: 391

I found the site interesting and with its information and another interesting point is how the tracking occurs keeping the short and long average prices. The question is can we trust? I believe so because the same tracking mechanism is the same as for the ranking sites. Finally, it's a good site to research and it's worth remembering that it's not an advertisement but a personal analysis.

tyz

legendary

Activity: 3360

Merit: 1533

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.

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