High fees on some exchange! - page 4.

ginobitcoiner

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Quote from: Maxre on July 18, 2019, 08:35:52 AM

the high cost of every transaction on the exchange if shared with the comfort and security of the user I don't think is a big problem.

Although in reality the amount of transaction costs, it is not balanced with comfort and security as you say.
that's what I think is not balanced with the service that the exchanger gives to its members.

carriagehoodlum

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Quote from: Maxre on July 18, 2019, 08:35:52 AM

the high cost of every transaction on the exchange if shared with the comfort and security of the user I don't think is a big problem.

Are you serious? even if you try to trade on the HITBTC exchange you will find out how important cheap transaction and trading costs are. if you only sell a few and not often you might not feel, but for the daily trader it must be very influential.

tondenga2122

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Broo.. There are several coins such as XLM,TRX or USDT that you can use for withdrawal. It has low fees compared to other altcoins.

Maxre

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the high cost of every transaction on the exchange if shared with the comfort and security of the user I don't think is a big problem.

hotforblockchain

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I remember when I got into some of those exchanges not knowingly. When I got the bounty rewards, I just sent those tokens where it was the best price or the highest turnover. Only when I went for withdraw I often realized how much I have to pay , but in almost all times there where no other option. It is difficult to understand about the situation now, since i trade only on big exchanges where fees are low.

bennguyen

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Quote from: Ararbermas on October 17, 2018, 01:46:00 PM

Altcoin nowadays are listed on some exchange which has high fees. I tried to trade to increase my portfolio despite of this situation but still useless because of the amount of fee is when it comes withdrawal.!

Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?

I participated in a few exchanges and found that some exchange fees are high, of course, there are still low exchange rates. Hitbtc and Hotbit fees are quite high; meractox, Bittrex charges quite low.

Teraboy

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Quote from: Aqcizromencez on July 17, 2019, 01:52:29 PM

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Quote from: TopT3ns on July 17, 2019, 11:23:32 AM

But in other side, we shouldn't forget about different price between exchanges. From what i read in here is people should look price of the coin that they want to use as withdrawal. Because if we withdraw big amount of money, 1 satoshi different in dogecoin for example, could be more than exact fee if we withdraw with bitcoin.

bitcoin becomes an asset that may have a large transaction fee or withdrawal from an exchange. very different from dogecoin, withdrawing our money with dogecoin will be very cheap. I usually use it, but not all exchanges have registered dogecoin.

agree with your opinion I think if we withdraw assets from the exchange, transaction costs need to be considered and usually to attract bitcoins from exchange costs are quite large, so we have to choose coins that have cheap transaction fees as you mentioned.

It caused by the transaction fees depend on the blockchain and the exchange sites are only putting the fees based on the how much tx fees for each transaction that applied to the blockchain by that time. that's why alternative chain will always become the best solution.

Aqcizromencez

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Quote from: TopT3ns on July 17, 2019, 11:23:32 AM

But in other side, we shouldn't forget about different price between exchanges. From what i read in here is people should look price of the coin that they want to use as withdrawal. Because if we withdraw big amount of money, 1 satoshi different in dogecoin for example, could be more than exact fee if we withdraw with bitcoin.

bitcoin becomes an asset that may have a large transaction fee or withdrawal from an exchange. very different from dogecoin, withdrawing our money with dogecoin will be very cheap. I usually use it, but not all exchanges have registered dogecoin.

agree with your opinion I think if we withdraw assets from the exchange, transaction costs need to be considered and usually to attract bitcoins from exchange costs are quite large, so we have to choose coins that have cheap transaction fees as you mentioned.

TopT3ns

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Quote from: Barracuda on July 17, 2019, 11:00:13 AM

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Quote from: bitcampaign on July 17, 2019, 08:25:02 AM

this seems normal, even I have to play my brain to buy altcoins that have lower withdrawal fees, for example dogecoin or XLM, I also feel that some large trading sites take withdrawal fees for ETH and BTC, so it's best to take other choices

If you do have that option then take the advantage using it, why bothered to continue using the old ways if there's alternative ways withdrawing your balance using other types of crypto currency, you need to maximize everything whenever you are working with your crypto business,this alternative options really helps traders who understand and appreciate the advantage.

Everyone has the right to make withdrawals in any type of crypto. As long as the crypto is still available for exchange. And the alternative that many people might do is use doge for withdrawals at a low cost. But it doesn't matter if you use eth or btc. because everyone has the right for each choice.

But in other side, we shouldn't forget about different price between exchanges. From what i read in here is people should look price of the coin that they want to use as withdrawal. Because if we withdraw big amount of money, 1 satoshi different in dogecoin for example, could be more than exact fee if we withdraw with bitcoin.

Barracuda

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Quote from: bitcampaign on July 17, 2019, 08:25:02 AM

this seems normal, even I have to play my brain to buy altcoins that have lower withdrawal fees, for example dogecoin or XLM, I also feel that some large trading sites take withdrawal fees for ETH and BTC, so it's best to take other choices

If you do have that option then take the advantage using it, why bothered to continue using the old ways if there's alternative ways withdrawing your balance using other types of crypto currency, you need to maximize everything whenever you are working with your crypto business,this alternative options really helps traders who understand and appreciate the advantage.

Everyone has the right to make withdrawals in any type of crypto. As long as the crypto is still available for exchange. And the alternative that many people might do is use doge for withdrawals at a low cost. But it doesn't matter if you use eth or btc. because everyone has the right for each choice.

cryptocompares

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The lowest fees for translation that I saw were in litecoin and waves. In the last coin in general, the commission was about 1 cent for the transfer. That was long ago. Now they say in ripple and stellar is also cheap to make transfers to other exchanges.

KuraJamban

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You can easily trick it using a coins that have low withdrawal fees. I often using TRX or XLM for sending from exchange to my local exchange.
Only for a coins that i got from bounty it is really painful that they list on small exchange with fewer types of coin, so using ETH is the only choice.

bitcampaign

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this seems normal, even I have to play my brain to buy altcoins that have lower withdrawal fees, for example dogecoin or XLM, I also feel that some large trading sites take withdrawal fees for ETH and BTC, so it's best to take other choices

DmitFomin

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Quote from: dunfida on July 16, 2019, 01:41:34 PM

Quote from: romero121 on July 16, 2019, 01:35:44 PM

Quote from: mrkavasaki on July 16, 2019, 01:31:28 PM

Quote from: MrPiggles on July 13, 2019, 07:50:13 AM

Quote from: akitha on July 12, 2019, 04:11:17 PM

Indeed, specially those exchange that are new in the market.. they have a high fee's.. you cannot withdraw such a small amount.. hitbtc also has a high fees, i tried to withdraw my token and the fee for that particular token is higher than what i hold LOL

HitBTC is the worst exchange and has a very high fee every time I withdraw money. Many times I am very upset about this issue but they still refuse and make customers leave this exchange more. Now a lot of new exchanges appear at a much lower cost than current exchanges so if you want a cheap fee when withdrawing money, you should research that exchange and evaluate their community if exchange is good, consider participating in the near future

Recent HitBTC is just as you say they disagree with withdrawals from users. Many members on reddit claim that this exchange is dead.

I've been using it for much longer time period. Till date haven't encountered any issues, but I used to see more negative news getting out of its users. Only issue I encountered is the increased withdrawal fee which is much high compared to rest of the exchanges providing with the similar service. It is good to withdraw before it starts ruling us.

It also works on my part yet i have recently make withdrawals with Hitbtc and i fully agree with that ridiculously high fee that they had set up.
When it comes to issues i think this do happens randomly and for now im considering to leave out completely yet i have already sold out all the tokens that
i do have thats only being traded on Hitbtc.Theres no turning back.

I also sold all the coins I had on this exchange, bought Doge and transferred to another exchange in order not to pay huge commissions. The management of the exchange killed their exchange and I do not understand why they did it, because many traders simply went to other exchanges and hardly any of them would return.

dunfida

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Quote from: romero121 on July 16, 2019, 01:35:44 PM

Quote from: mrkavasaki on July 16, 2019, 01:31:28 PM

Quote from: MrPiggles on July 13, 2019, 07:50:13 AM

Quote from: akitha on July 12, 2019, 04:11:17 PM

Indeed, specially those exchange that are new in the market.. they have a high fee's.. you cannot withdraw such a small amount.. hitbtc also has a high fees, i tried to withdraw my token and the fee for that particular token is higher than what i hold LOL

HitBTC is the worst exchange and has a very high fee every time I withdraw money. Many times I am very upset about this issue but they still refuse and make customers leave this exchange more. Now a lot of new exchanges appear at a much lower cost than current exchanges so if you want a cheap fee when withdrawing money, you should research that exchange and evaluate their community if exchange is good, consider participating in the near future

Recent HitBTC is just as you say they disagree with withdrawals from users. Many members on reddit claim that this exchange is dead.

I've been using it for much longer time period. Till date haven't encountered any issues, but I used to see more negative news getting out of its users. Only issue I encountered is the increased withdrawal fee which is much high compared to rest of the exchanges providing with the similar service. It is good to withdraw before it starts ruling us.

It also works on my part yet i have recently make withdrawals with Hitbtc and i fully agree with that ridiculously high fee that they had set up.
When it comes to issues i think this do happens randomly and for now im considering to leave out completely yet i have already sold out all the tokens that
i do have thats only being traded on Hitbtc.Theres no turning back.

romero121

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Quote from: mrkavasaki on July 16, 2019, 01:31:28 PM

Quote from: MrPiggles on July 13, 2019, 07:50:13 AM

Quote from: akitha on July 12, 2019, 04:11:17 PM

Indeed, specially those exchange that are new in the market.. they have a high fee's.. you cannot withdraw such a small amount.. hitbtc also has a high fees, i tried to withdraw my token and the fee for that particular token is higher than what i hold LOL

HitBTC is the worst exchange and has a very high fee every time I withdraw money. Many times I am very upset about this issue but they still refuse and make customers leave this exchange more. Now a lot of new exchanges appear at a much lower cost than current exchanges so if you want a cheap fee when withdrawing money, you should research that exchange and evaluate their community if exchange is good, consider participating in the near future

Recent HitBTC is just as you say they disagree with withdrawals from users. Many members on reddit claim that this exchange is dead.

I've been using it for much longer time period. Till date haven't encountered any issues, but I used to see more negative news getting out of its users. Only issue I encountered is the increased withdrawal fee which is much high compared to rest of the exchanges providing with the similar service. It is good to withdraw before it starts ruling us.

mrkavasaki

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Quote from: MrPiggles on July 13, 2019, 07:50:13 AM

Quote from: akitha on July 12, 2019, 04:11:17 PM

Indeed, specially those exchange that are new in the market.. they have a high fee's.. you cannot withdraw such a small amount.. hitbtc also has a high fees, i tried to withdraw my token and the fee for that particular token is higher than what i hold LOL

HitBTC is the worst exchange and has a very high fee every time I withdraw money. Many times I am very upset about this issue but they still refuse and make customers leave this exchange more. Now a lot of new exchanges appear at a much lower cost than current exchanges so if you want a cheap fee when withdrawing money, you should research that exchange and evaluate their community if exchange is good, consider participating in the near future

Recent HitBTC is just as you say they disagree with withdrawals from users. Many members on reddit claim that this exchange is dead.

cepot9

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the increase in fees in exchange will not be a problem if they increase the service in exchange, become an exchange that continues to grow and likes by many people so it will not be a problem as long as users feel comfortable and safe. for withdrawal if you use bitcoin or ethereum and other expensive altcoins you may be able to use other altcoins such as dogecoin it won't be expensive and there are still many altcoins that can be used for low-cost withdrawal

fullhdpixel

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for me this is not normal they just want to earn more, find another exchange that has small fees.

The only exchange that you can find with little or normal fee are already advanced exchanges, because they have the volume already and are generating enough profit to easily run their system with little amount that they charge, if you calculate the number of volumes that goes on these popular exchanges in a day, you will call them greedy if they still do not offer low fees.

Upcoming or new exchanges cannot afford to do that yet because if they do, they will not be able to keep up with the running’s of the exchange site, which will eventually make them to close down, the only thing they can do is to run promotions to attract users, but there is no way they can beat down the cost of fees till they probably grow in volume too. So, we can either stay with them till they grow or leave for larger exchanges.

waaat?

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Quote from: veekky on July 13, 2019, 02:56:02 PM

Look, the truth is that people withdraw in btc, that's why fee is high. I've started to withdraw money in litecoin and ripple and it takes me like 20 cents to send money from oner exchange to another
Also as for exchangers to make btc-fiat conversions, try something reputable , for example Indacoin, their fees aren't high

No doubt, we can find cheaper coin for withdraw. But some idea with the such relations between traders and exchanges kills all convenience and comfort. Instead of trading and all about it we need to find any alternative ways to transfer money. I prefer do not use such exchanges

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