exchange fees that no one talks about

rodel caling

full member

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Quote from: sabine80 on January 26, 2019, 03:07:05 PM

yes, some exchanges really require too high fees to withdraw coins. i have already experienced the same and it is partly a cheekiness. i will follow the tip here from the tread and exchange my coins in another coin, if i want to withdraw.

Probably same experience with you. I encounter some exchange not changing their fees even bitcoin value was decrease their price. but for its okay to choose exchange with high fees but surely secured my coins.

sabine80

member

Activity: 728

Merit: 14

yes, some exchanges really require too high fees to withdraw coins. i have already experienced the same and it is partly a cheekiness. i will follow the tip here from the tread and exchange my coins in another coin, if i want to withdraw.

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

Quote from: debby070 on January 26, 2019, 09:47:15 AM

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

Why not use binance and buy their very own token which is BNB? In this case, you can ensure that you will have a less transaction fee and trade as much as you wan on this exchange.

He was interesting to discuss the exchange site which has applied a high transaction fee to the users. Binance could be a short answer but remember not all of the tokens are listed on the binance exchange site and you must understand this.

debby070

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Activity: 140

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www.codex.one

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

Why not use binance and buy their very own token which is BNB? In this case, you can ensure that you will have a less transaction fee and trade as much as you wan on this exchange.

daniel002

copper member

Activity: 382

Merit: 0

You should not try to withdraw your coins into bitcoin or ethereum when it comes from exchanges you should first trade it to altcoins that have lower withdrawal fees like tron, xvg, etc. This is a way faster and cheaper than withdrawing bitcoin.

jademaxsuy

full member

Activity: 924

Merit: 221

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

This is also from the other local exchanges that is why day trading is dicourage due to high bitcoin transaction fees. It is not a guarantee that even if you are a good trader you will be able to profit on it because just one market price fluctuations for sure all your profit will be erase or lost. This is why if one will invest in crypto then holding is the common thing that will going to happen.

When will these high fees be remove?

Tianna

newbie

Activity: 21

Merit: 0

Well, different exchanges have different fees for withdrawal while some are totally outrageously, others are okay. There's little or nothing we can do, you either avoid those outrageous exchanges or use it like that if there's no other option. Latoken is one of them, the withdrawal fee is so high even for tokens and even the minimum deposit.

Reid

hero member

Activity: 3052

Merit: 651

Question is, do you have a choice?

You want to trade then you should abide by their rules. Besides, if you know how to make money out of the exchange then you could still get it back.

This had been talked and also about the price difference of different exchange.
One more is the difference between the buy and sell price.
All of these you cannot control even when you go to the court. There is no exact price for crypto currencies

Stervyatnik

jr. member

Activity: 249

Merit: 1

Bitcoin is a decentralized system, so we see such a price when collecting commissions, no wonder!

tytanhamon04

jr. member

Activity: 210

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A nexgen decentralized ride hailing

I agree that the exchange makes large commissions for withdrawal, I also noticed that on different exchanges there are various commissions, which means that someone is becoming impudent and someone acts according to his conscience, but I think that this cannot be avoided and this is sad. I think that Bitcoin can reach great heights in the future and there will be more commissions for newbies on the market.

cytpoway121

member

Activity: 1540

Merit: 68

I think there is no need to worry about exchange fee because it’s been announced already
But for bitcoin transactions fees, it depends on the day which is not equally fair at all

None the less, no reason to complain
It’s all cheap from my perspective

semobo

full member

Activity: 1498

Merit: 146

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

Centralized exchanges have their own fee structure of you are like to use that exchange you need to pay the fee what they are asking for and there are some decentralized exchanges where the fee is very less and we still going to see lot of best exchange so don't disappoint now.

bitcoinmar

hero member

Activity: 812

Merit: 500

That is the fee for exchange that you participate in the transaction, it is a source of income for them to operate for that exchange company apparatus. I remember that at the peak, every time you withdraw USDT takes up to $ 25 fee

Mypanara19

member

Activity: 826

Merit: 11

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

I get your point there. With every withdrawal transaction they gain so much while the investors carry all the burden when depositing, trading and with withdrawal as well. As for me it's just fine if they would charge for every transaction with the exchange but they could charge lower so that the investors could also get some gains.

Bitfling

member

Activity: 602

Merit: 10

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

I think withdrawal fee from exchanger is depend on what coin we withdraw. Some exchanger having low fee if we withdraw altcoin. If we withdraw bitcoin, most exchanger fee is 0.001 btc and i think its very cheap if compare bitcoin price. There is many option if we think bitcoin withdrawal fee too high, we can use ethereum or doge or others altcoin

Turkish88

full member

Activity: 714

Merit: 104

I am never withdraw from exchanges in bitcoin, fees very high.
Better convert it to the ETH and then withdraw, but the most cheap is withdrawing in DOGE, price of DOGE stable and dont dropped in one day

joseyphil82

member

Activity: 742

Merit: 16

Yes I go against that too,the withdrawal fees for almost all altcoins on exchanges are killing ,the only one I know of that's easy on me is tradeogre and most coins on there are cryptonight based coins ,cryptopia is better too but nota active anymore due to hack

ufaiz50

hero member

Activity: 1666

Merit: 502

Quote from: bitcoinsc on January 24, 2019, 03:06:07 AM

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

I think about the transaction fee on the exchanger which is already very expensive to ship a small amount of bitcoin has been discussed, why not no one talks about because there are still other problems that are more important than fees. after all it's a network fee, the site itself doesn't take much , they take fees from trade markets not fees, regarding the solution you can exchange bitcoin to doge, ethereum or ripple.

libert19

hero member

Activity: 2520

Merit: 952

Used some exchanges where max high fee I encountered was 0.0005 BTC and you just don't pay to someone directly via exchanges.

shaheer001

full member

Activity: 1274

Merit: 100

This is too low as compared to fiat trading as when you withdraw money in forex trading to skrill or any other e payment method the e-commerce business platform cut big fee. so i think in Crypto it is still too low.

Topic: exchange fees that no one talks about (Read 615 times)