Topic: High fees on some exchange! - page 7. (Read 1653 times)
After trading and cashing out, I would convert my btc to ETH because ETH withdrawals are cheaper than btc that costs a lot. I would also go for ETH pairs on trading, not unless that alts you have has no ETH pair.
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?
Yes it is true that there are some exchanges collecting high fees when having a transaction for them but if the reason is for the security not of being greedy then its okay, leave and find another exchange if the reason is to boost their profit. Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
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?
When you do trade into small amounts then expect fees would surely affect your profits but I would say most exchange would really have almost the same rates or being asked when it comes Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
to fees.The only problem here is that you do engage on small amounts that's why you would really feel those deductions.So therefore its much better to make those amounts big before making
any withdrawals so that you wont really be stressed out when you do tend to withdraw.
Yes , The fees on some exchainges are high so much , But if we are not happy with high fees ,then we can trade in other exchanges that have a low fee
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?
Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
It depends on the exchanges. Fees differ based on coins, market values, traffic and etc. I had to fall into this high fees last year when the values were in peak. Had to spend minimum 3 dollars for fees and thats how it was for everyone. but the fees differed based on the exchanges.
Those kind of exchanges are just greedy and they raise the fee so they can get money from the user.
I advise that you stop using that kind of exchange you will lose a lot of money in fee try to use some other exchange sites.
I advise that you stop using that kind of exchange you will lose a lot of money in fee try to use some other exchange sites.
Luckily my local forum did not charge or change their transaction fee over 4 years.
I'm pretty sure that every country have their local exchange,right ?
Usually higher cost of fee because it's international exchange so maybe they need to adjust their cost operation world wide !
I'm pretty sure that every country have their local exchange,right ?
Usually higher cost of fee because it's international exchange so maybe they need to adjust their cost operation world wide !
Yeah, the fees on some exchanges are indeed horrendous 
. You cannot use too little amounts of money for trading for exactly this reason, the fees will eat away your small profit pretty quickly without you even noticing.
Gotta be careful.
This has been a problem from some tokens, I don't know what is the advantages from the devs perspective of a project to enlist their tokens from an exchange that impose High fees regardless of their tokens and their volume, the end point is that you should do some research not just on the projects but to the exchange that they are currently listed, there are some faulty exchanges from my experience so be diligent to deal specifically if you are planning to invest large capital, you can also determine by their reputation. . You cannot use too little amounts of money for trading for exactly this reason, the fees will eat away your small profit pretty quickly without you even noticing.Gotta be careful.
You can not display your own Altcoins now and wait until the price increases several times, then sell them. I would do that
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?
Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
Trading fees don't tend to be more than 0.25% with a lot now at 0.1% or less. As for withdrawal fees they're normally a fixed amount and for some coins on some exchanges are ridiculously high when considering usd amount. It also largely depends on how much capital you are trading with given the fees are fixed, if you're trading with a small amount then the fees will hit you too hard to be able to profit.
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?
If you want to be short term trader and only have small capital for trading then you should choose the trading pairs which available on the exchanges where the fees is much lower but normally most of the exchanges have higher fees even the network has no traffinc because they have fixed these feees structure because if the centralized exchanges. Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
Yeah i have also experienced this especially hitbtc and a few others charge very high amount of coins as a withdrawal fee which is not right, sometimes we do not have any option because the intended coin or token is only available at a specific exchange, i think we should discourage such exchanges by not using them so that they realize that they are charging very high fee and then start charging less fee.
The case of HitBTC is curious since this exchange also charges deposit fees which seems totally ridiculous to me. Withdrawal fees rose sharply last year when bitcoin fees went up. Now it happens that the bitcoin fees are very low, you can move bitcoin almost free, but the exchanges have not lowered their fees. Besides, they put several withdrawals in a single transaction, with which they earn even more money.
One of the top priorities when choosing an exchange is to check their trading and withdrawal fees. By the way, what type of exchange are you using? If that will be a decentralized exchange, withdrawal and trading fees depends on the blockchain traffics but for centralized exchange, they only collects low fees and already have a set fees posted on the FAQ page. LTC and DOGE are the best picks when processing a withdrawal because they only collects low withdrawal fee and fast transaction going to your wallet.
I did this method, converting to several coins that used a low fee when withdrawing, in my opinion it was enough to reduce costs, as Dogecoin had a very low fee
I have never withdraw with a large fee at alt,usually like to exchange one alt that has a low fee and I apply it when withdraw.If the fee in the trade is good enough imo and tether the profit which is further from the fee then I don't think that is a problem.
After increasing the exchange fee for BINANCE, I am looking for an alternative exchange.
It is difficult to find a stock exchange with the same security and cheap withdrawal fee.
Those exchanges are milking us being a traders as they can increase their fees without further notice. This is the reason why we have many exchanges as this business is profitable. I just hope that they are fair to us being their costumers. It is difficult to find a stock exchange with the same security and cheap withdrawal fee.
After increasing the exchange fee for BINANCE, I am looking for an alternative exchange.
It is difficult to find a stock exchange with the same security and cheap withdrawal fee.
Those exchanges are milking us being a traders as they can increase their fees without further notice. This is the reason why we have many exchanges as this business is profitable. I just hope that they are fair to us being their costumers. It is difficult to find a stock exchange with the same security and cheap withdrawal fee.
This is actually ironic that many exchanges are charging their customers high fees when in fact the market is flooded with new cryptocurrency exchanges and more are in the drawing boards right now. I am sure this is just a clear case of exploiting the market especially the sellers of the altcoins who can be desperate to unload their hold even if the fees can be high. These exchanges are maximizing their own existence maybe as soon we don't know which of these many exchanges will eventually survive so they might as well strike when the iron is still hot.
One of the top priorities when choosing an exchange is to check their trading and withdrawal fees. By the way, what type of exchange are you using? If that will be a decentralized exchange, withdrawal and trading fees depends on the blockchain traffics but for centralized exchange, they only collects low fees and already have a set fees posted on the FAQ page. LTC and DOGE are the best picks when processing a withdrawal because they only collects low withdrawal fee and fast transaction going to your wallet.
since there is no regulation and also since there is little competition in some cases of exchanges, that means they can do whatever they want and charge whatever high fees they want. additionally there are a lot of other negative aspects to this which makes the whole exchange platforms bad such as the lack of security and lack of support.
it is normal and we can't do anything about it. take a look at decentralized exchanges, we need to eventually move away from these bad centralized ones.
it is normal and we can't do anything about it. take a look at decentralized exchanges, we need to eventually move away from these bad centralized ones.
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?
Thats your choice on where to buy and what to buy.if you dont have big amount of capital then better buy for a coins that is listed in low required fees,this is our own call dude and no one can do for youIs this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
You can use some exchange that is not popular but brining goodprofit for their subscribers.its just you need to make research for all of this
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