Topic: High ETH withdraw Fees, how to Solve - page 5. (Read 769 times)
In most cases, Ethereum gas fees are primarily determined by supply and demand among network miners. This means that they can reject the transaction if the gas price does not meet the standards. This also means that gas costs fluctuate for processing power.
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
That Ethereum blockchain problem - not exchanges' one. Ethereum blockchain is overwhelmed with Defi transactions and its getting worse... I hope they will solve this somehow in the nearest months.
Many users have been waiting for this, but sadly, up until now, eth network is still expensive to small traders. I don't know when will eth team will finally resolve this matter. But this is good for new networks as they can sell their services with cheaper fees than eth. This is why we are seeing several networks like BSC, SOL, ADA, DOT, AVAX to rise in their popularity, because users are switching to these networks.
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
That Ethereum blockchain problem - not exchanges' one. Ethereum blockchain is overwhelmed with Defi transactions and its getting worse... I hope they will solve this somehow in the nearest months.
Ethereum transaction fees have been high since the past few months. and this issue has been talked about by many crypto users. and no one can provide a solution other than using other altcoins to make transactions because they have low transaction fees. and if you use the binance market then you should use BNB as a transaction tool because bnb transaction fees are still relatively low than ethereum and you can store them using a Binance smart chain wallet.
The OP is complaining that the exchanges are charging higher fees than normal and from what i understand that is what he is talking about. There are exchanges that charge a much higher transaction fees even though the general fees are much lower and if you question them, the excuse they would say is that they do not want to encourage users to use their exchange to break the transaction trail. 
I have a recommendation to use FTX exchange for you, as it is really free of withdrawals if you meet some conditions.
Reference: https://help.ftx.com/hc/en-us/articles/360034865571-Blockchain-Deposits-and-Withdrawals
I still regularly use it to transfer ETH to personal wallets, and it is really cost-effective for me.
You have need to stake some FTT to be able to get the free ethereum transactions. FTX will not give a free transaction if you have not a part of FTT stakers. You will get some discount once you send an ethereum transaction. The non stakers will get only a few transaction with discount on its fees. Not so many people are discovering this but i guess that's why people are also actively using this exchange site. Reference: https://help.ftx.com/hc/en-us/articles/360034865571-Blockchain-Deposits-and-Withdrawals
I still regularly use it to transfer ETH to personal wallets, and it is really cost-effective for me.
Im getting a discount for sending ethereum now. https://help.ftx.com/hc/en-us/articles/360052410392-FTT-Staking
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
it's been a long time since there has been a problem with ethereum, every transaction with ethereum will certainly pay quite a lot and it's hard to do something that can be done other than waiting for changes in the future, but when? looks like a dilemma will occur in ethereum which has increased its price to be able to lower these costs.you are correct as long as the situation is not stable, it is better to use other alternatives in order to avoid expensive costs. binance is definitely one that can make you pay cheap and the speed is also good and safe.
Ethereum transaction fees have been high since the past few months. and this issue has been talked about by many crypto users. and no one can provide a solution other than using other altcoins to make transactions because they have low transaction fees. and if you use the binance market then you should use BNB as a transaction tool because bnb transaction fees are still relatively low than ethereum and you can store them using a Binance smart chain wallet.
my thinking is something natural that ethereum has done because the price is already high enough that it will have an impact on the costs that will occur. alternative path you are doing very well, looking for other alternatives like binance. because binance uses BNB and the price of BNB is still cheap and reasonable to reduce prices, will binance be able to reduce costs if BNB is the same as ethereum? obviously the same will happen. I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
Ethereum transaction fees have been high since the past few months. and this issue has been talked about by many crypto users. and no one can provide a solution other than using other altcoins to make transactions because they have low transaction fees. and if you use the binance market then you should use BNB as a transaction tool because bnb transaction fees are still relatively low than ethereum and you can store them using a Binance smart chain wallet.
exchange must use a fix fee. and for ETH, the gas fee for withdrawal is very high. even yesterday I tried to send ETH up to $ 80 just for the gas fee. it seems that on average all exchanges are the same. The way I most often do is choose another coin that has a lower fee. and this affects all tokens that use the erc20 smart contract
Since you are still using ETH and planning to move the coins, you need to bombard the ETH developers about sorting the issues as the gas fees is high for a long time and i am still skeptical about how they are going to sort the issues regarding scaling. The funny aspect is that when they launched ETH they were too confident that it will not having scaling issues and it only took around 5 years to prove them wrong 
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At this time, Ethereum transfer fees are unbelievably high, which is why most people keep it. Don't face Ethereum's high transfer fees unless you have an urgent need. Hopefully in two months the Ethereum price will rise a lot and then we won't care about these fees
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
As long as the ethereum network continues to update, there is no point in using this network. There are still no options for avoiding high transaction fees when using MyEtherWallet wallets. You just need to be patient and not use ERC-20 tokens. If you still need to do this, then you need to carefully choose the time for this, because the gas price in the ethereum network is unstable, it rises and falls. I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
Its a fixed fees they have dude and we can't do anything about that. Most probably they charge more or less 20$ as of now and that makes sense as it was adopted years ago where Eth's just under a 1000$. I believe P2P would be good if and only if you have a good trader wanting to trade with you. The risk is high compared to exchanges. So beware. 
While the activity in crypto market is so high, I don't think that any exchanges can offer you better conditions. Nevertheless, you can get some bonuses from exchanges so as to withdraw your money with lower commissions. As for exchange with the smallest fees, I know about FTX. As far as I am aware, it offers the best conditions.
Thank you, this is good advice and I will try FTX, some of the exchanges that I use like Kucoin, Huobii and so on require large transaction fees, I once withdrew ethereum from Kucoin and it took up to 0.006 ETH or 2x if I used Metamask. I hope ETH adjusts the transaction gas soon to be able to stay in the top 3 rankings.
While the activity in crypto market is so high, I don't think that any exchanges can offer you better conditions. Nevertheless, you can get some bonuses from exchanges so as to withdraw your money with lower commissions. As for exchange with the smallest fees, I know about FTX. As far as I am aware, it offers the best conditions.
This is a big problem, the cost of sending fellow ETH is around $12 to $25, to send tokens it can reach up to $125, and I still have ETHLend worth $450 but for migration to AAVE it takes up to $180 to $280 for approve and need fee again to move, I hope the projects change to another platform soon so ETH will died immediately.
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
I think the main reason was due to the congestion of the Ethereum Network and partly contributed by the EIP-1559 update which is resulting in 'base fee+priority fee' computation while creating a transaction on Ethereum Network and there's nothing we can do about it. Im also using Binance and you were right the fees are very high. but I found something a little bit lower than Binance and maybe other exchange too. try FTX exchange.
Ethereum fee has been high for a long time now and there's really nothing you can do about it. The best option is to use other options like the binance smart chain and tron especially if you want to move your USDT. BSC and trc20 offers a far cheaper option as compared to ERC20. We only do hope that ethereum developers would find a way to reduce the cost of transaction in the network.
The best thing to do is never send to your wallet any Ethereum or Ethereum-supported coin because that can certainly incur a high gas fees even amounting to more than $100 at times - a big shame for the cryptocurrency industry actually. Calling Vitalik Buterin please speed up things as we can't bear this foolishness anymore. Since you are dealing with an exchange use it to convert your asset into maybe XRP or TRX where fees can be so low. Now, the problem is when you would prefer to convert your assets into Ethereum because you are planning to hold them...the best solution is to let them stay for a while in the exchange until the Buterin team can fix the gas problem - of course this is a generally not safe option.
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
Sad to say but this is the problem by most ETH users and traders for almost 2 years. The huge fees had become the burden especially for small amount. Can't imagine to pay $10 for a single transaction that it only worth $50, that can really be disappointing. I'd rather not to do it and let stuck there.Our last option is to convert it to other coin that still accepted to our personal wallet. This is what I've been doping now, to use XRP and Doge is the best option. Honestly, you will save a few bucks.
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
The complaint about eth withdrawal fees didn't start today, it has come up time and again, but there is as yet no solution to the problem, I actually believe that the reason why eth is yet to get the sort of adoption it actually should have at this time is cause of their high withdrawal fees, just like other users have said, there is no direct solution to the problem you have, though you can try other coins whenever you want to withdraw, and hope that in the future, eth network can prolly do something about their high withdrawal fees. 
I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?
I think people have always felt the same way about the hefty fees from ethereum. for now, the solution I can offer is to send your assets to FTX, and withdraw from there. however, as far as I'm concerned FTX has a pretty cheap fee for ethereum, but try to do some in-depth research on this. I only provide information based on my experience making withdrawals from the exchange to MEWYou can start exchanging ethereum that you have into other tokens that have lower fees such as BNB, TRX, LTC, or others to be sent to other exchanges.
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