Good news: Binance and Kraken reduce their BTC withdrawal fees by 50%

vasrasus

hero member

Activity: 946

Merit: 500

Bcnex - The Ultimate Blockchain Trading Platform

Quote from: piloder on March 02, 2018, 02:40:52 AM

Quote from: adaseb on March 02, 2018, 02:31:04 AM

It's nice that they reduced the fees but they should reduce it by 90% since the mem pool at the moment is completely empty.

I also agree with you most of the trading platform still have high withdrawals fees despite the fact that they are not even putting all of those Bitcoin in actual withdrawal transactions.

Tx fee has dropped sharply in last few months so there is no point for those platform to take higher fees from their users to just process withdrawals. They should be earning enough from trading fees they have...

Exchanges should think about it too, it's good that binance already made a move since the price of btc from December almost lowered by 50%, Binance knows what their customer hoping for. It will attract more traders to do more trading on their exchange.

surfinonmyownwavebaby

full member

Activity: 252

Merit: 104

Decentralized Ecosystem for User-Generated Content

Quote from: piloder on March 02, 2018, 02:40:52 AM

Quote from: adaseb on March 02, 2018, 02:31:04 AM

It's nice that they reduced the fees but they should reduce it by 90% since the mem pool at the moment is completely empty.

I also agree with you most of the trading platform still have high withdrawals fees despite the fact that they are not even putting all of those Bitcoin in actual withdrawal transactions.

Tx fee has dropped sharply in last few months so there is no point for those platform to take higher fees from their users to just process withdrawals. They should be earning enough from trading fees they have...

But you gotta know that they aren't going to reduce their fees unless they are charging an absurd amount more than the market. They probably knew they couldn't keep taking 100k sats on every withdrawal forever, one step at a time fellas.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: adaseb on March 02, 2018, 02:31:04 AM

It's nice that they reduced the fees but they should reduce it by 90% since the mem pool at the moment is completely empty.

Finally the time when small transaction could be done and easily can be though of as well else really had the hard time last month where the fees where much more than the actual transaction if it had to happen and along with it waiting time was long. Now this will make things more easy and quicker.

piloder

legendary

Activity: 966

Merit: 1006

Quote from: adaseb on March 02, 2018, 02:31:04 AM

It's nice that they reduced the fees but they should reduce it by 90% since the mem pool at the moment is completely empty.

I also agree with you most of the trading platform still have high withdrawals fees despite the fact that they are not even putting all of those Bitcoin in actual withdrawal transactions.

Tx fee has dropped sharply in last few months so there is no point for those platform to take higher fees from their users to just process withdrawals. They should be earning enough from trading fees they have...

adaseb

legendary

Activity: 3808

Merit: 1723

It's nice that they reduced the fees but they should reduce it by 90% since the mem pool at the moment is completely empty.

contentboxuser

newbie

Activity: 83

Merit: 0

Guess more and more exchange will reduce the fees and more and more player will come in.

Topic: Good news: Binance and Kraken reduce their BTC withdrawal fees by 50% (Read 68 times)