exchange fees that no one talks about - page 2.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: bartusv on January 25, 2019, 06:51:05 PM

There are different exchanges with different fees. Before joining the exchanges we have to get informed about
their fees and chose the most preferable ones for us. Exchanges makes nice profit on fees, for example Binance
makes bigger profit than the Deutsche Bundesbank.

Make a decision before exchange and get confirmed that you are going in the right way but when the demand increases father cryptocurrency that we are using and exchanging exchanging fish also definitely increases whether the demand increases increases the fees of exchange it will be the thing happening here.

bartusv

jr. member

Activity: 392

Merit: 2

There are different exchanges with different fees. Before joining the exchanges we have to get informed about
their fees and chose the most preferable ones for us. Exchanges makes nice profit on fees, for example Binance
makes bigger profit than the Deutsche Bundesbank.

Dannev

jr. member

Activity: 169

Merit: 1

Quote from: 5thFear on January 24, 2019, 04:55:05 AM

Thats very good point that you made. The exchange fees are really very high but there are a few good exchanges which offer low fees withdrawal but the problem with them is that they don't have high liquidity.

Some of them are also not trusted. I traded on one exchange that offers a really low fee for withdrawal but it was really a war for me before I got my withdrawal processed.

Dannev

jr. member

Activity: 169

Merit: 1

The fees are really too high especially on Bitcoin withdrawals. These exchanges should try coming down a bit or do an adjustment depending on the amount of the withdrawal.

dabenko

member

Activity: 280

Merit: 11

I can't imagine that just recently, latoken increased it's withdrawal fee by 30%. That to me is outrageous and can discourage a lot of users.
This is why sometimes I just prefer to use decentralized exchanges. Here you can adjust the fee to whichever amount you want.
Although, I have also seen some centralized exchanges with zero withdrawal fee.

CryptoAssasin

jr. member

Activity: 308

Merit: 4

MenaPay - Crypto made easier than cash

Trading fees depends on the trading platform you are using and also to avoid the delay of their transaction request which may cause a complaint from its users. Besides, that also depends on the altcoin you are trading too since there are unexpected events that may cause.a traffic from their network. On Binance and Kucoin, they are charging 1 TRX for withdrawal which cost $0.027 while 0.01 for ETHZ which cost $1.16. This is my proof that it depends on the altcoin you are using or withdrawing. Some also uses DOGE which collect lower withdrawal fee.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: Eildosa on January 24, 2019, 05:34:49 PM

No one forces you to use this exchange. If you are not satisfied with some conditions, you can use another exchange. Or leave all your wishes to the developers of such an exchange. The discussion here will lead to nothing.

You are right that no one forces but you should think that how much this exchanges are making through this transaction fees because network fees is less and they are charging 10 times more. Not only this exchange but almost all exchange are charging same.

This issue has to be raised and serious discussion should happen.

Eildosa

member

Activity: 572

Merit: 10

No one forces you to use this exchange. If you are not satisfied with some conditions, you can use another exchange. Or leave all your wishes to the developers of such an exchange. The discussion here will lead to nothing.

Esterklu

member

Activity: 728

Merit: 10

Yes, some exchanges use too high fees, which personally upset me and cause me to look for other ways to withdraw or other exchanges with more adequate withdrawal fees. But most of all I am struck by those who take fees even for deposit to the account - an unprecedented greed.

nlaara12

member

Activity: 238

Merit: 37

Exchanges are really charging too high,it is becoming difficult to trade on some exchange because of the fee the exchange will charge,I just hope exchanges can bring down the fee.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: Thomas-s on January 24, 2019, 04:16:31 PM

Quote from: ?? on ??

I don't feel any secure in tradesatosi exchange and I don't even used this centralize exchange. In Latoken exchange I see lots of withdrawal fee even more than Binance.

Binance has a normal commissions if you use a BNB token. In your words, it is better not to trade anywhere))) although, in my opinion, Binance is the most convenient exchange

Binance is perfect example in terms of balancing trading fee and comissions. HitBtc is also famous with relatively high fees for both trading and withdrawing tokens. Last time they charged me for 5% of withdrawal amount because of fixed amounts per token.

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

Quote from: ?? on ??

I don't feel any secure in tradesatosi exchange and I don't even used this centralize exchange. In Latoken exchange I see lots of withdrawal fee even more than Binance.

Binance has a normal commissions if you use a BNB token. In your words, it is better not to trade anywhere))) although, in my opinion, Binance is the most convenient exchange

boolog

copper member

Activity: 196

Merit: 0

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.

There are really many exchanges in the meantime and if the fees are too high, you can go to another exchange. The market is big enough and there are still exchanges with low fees. If that does not work, i would exchange my coins for another coin where the fees are lower. Wink

khufuking

sr. member

Activity: 840

Merit: 266

It is a free market and as there are exchanges with high withdrawal fees there are other exchanges that have low withdrawal fees so you need to do your research before deciding which of the exchange you gonna use there is a lot of exchanges out there and the top exchanges have a very reasonable withdrawal fees I do not know why people chase the unknown exchanges. I know that in some cases it is your only option because of the listing and if that is the case just do your trade and do not use them again. The exchange is a business and that business is free to choose the best business model that will suit them and at the same time customer are free to choose the exchange that will suit them best.

aceptamosbitcoin

hero member

Activity: 981

Merit: 503

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 totally agree with you that those fees are complete bs! And I complied a lot, even stopped using few particular exchanges like Hitbtc having MXM withdraw fee of 0.1 ETH! But most of the times we are forced to use this or that exchange because our token is listed only there and exchanges are speculating to make few extra bucks. But they cannot understand that they are trading those few extra buck for their reputation!

Sundaey

jr. member

Activity: 518

Merit: 4

I don't see anything wrong with exchanges since it has taken all to be done to get there he has the right to do whatever he feels like with his exchange, it can be high fee charges when trading or withdrawal. Same applies to we traders you have the right to choose any exchange that suit you or best.

whatthesith

copper member

Activity: 301

Merit: 10

simply getting the job done

There are so many exchanges, probably more than cryptocurrencies, so why you are choosing exchange with such high fees? Grin

target

legendary

Activity: 2282

Merit: 1041

Quote from: jt byte on January 24, 2019, 01:11:43 PM

Where are you trading? I have no such experience with such high withrawal fees.
On decentralized exchanges there are no deposit and withdrawal fees, you only pay for Ethreum transaction.

Decentralized exchange is very different besides you won't notice it withdrawal fee today since ETH has lesser value but come the time ETH turns $1000+ you may start to see it. Same thing when you withdraw BTC, you'll have to pay about 0.001BTC, its less than $5 but say BTC is $20k, how much would that 0.001BTC be?

Nolimitz84

sr. member

Activity: 980

Merit: 252

Quote from: Gatsby club on January 24, 2019, 04:04:44 AM

I always agree that many exchanges abuse their power and set too high prices for withdrawal of funds, sometimes withdrawal of little-known altcoins can cost about $ 20-30, I think that this is a real robbery and we need to fight it with all means available to us. Because it is simply unacceptable.

I hear about such commissions for the first time.Apparently you are simply not familiar with other exchanges that take very small commissions.If what you wrote is true, then it is very disappointing. With such fees there will be a lot of people disappointed in cryptocurrencies.

Pagoda.to

jr. member

Activity: 84

Merit: 1

Oh wow, yea not many people know the fees when it comes to high withdrawal, they always expect it'll be cheap and it's not

Topic: exchange fees that no one talks about - page 2. (Read 615 times)