I'm just scared I might miss out something and my coins are gone
Therefore, what I do is to compound my withdrawal amount. I manage or plan my withdrawal to when I should withdraw a reasonable amount.
Topic: How do you avoid high withdrawal fees from exchanges? - page 4. (Read 608 times)
I think I don't look at all that by trying to beat the process because I see it as waste of time by converting to altcoin and recovering back again and most times, the difference is insignificant.
I'm just scared I might miss out something and my coins are gone
Therefore, what I do is to compound my withdrawal amount. I manage or plan my withdrawal to when I should withdraw a reasonable amount.
I'm just scared I might miss out something and my coins are gone
Therefore, what I do is to compound my withdrawal amount. I manage or plan my withdrawal to when I should withdraw a reasonable amount.
Vispilio's solution can work if you're willing to hold altcoins(which I'm personally not ok with).
If you're fine with submitting AML/KYC information, you might want to try out Bitfinex, as they've already integrated Lightning. Hence now you can deposit and withdraw your bitcoin fast and cheap: https://www.bitfinex.com/posts/440
If you're fine with submitting AML/KYC information, you might want to try out Bitfinex, as they've already integrated Lightning. Hence now you can deposit and withdraw your bitcoin fast and cheap: https://www.bitfinex.com/posts/440
Sup guys,
Nowadays the fees to withdraw from exchanges are getting higher and higher, 0.001-0.002 BTC per transaction which is outrageous for a day trader with small trading capital.I'm asking the most experienced of you,do you have any tricks to avoid these fees? I thought of converting the BTC to another altcoin with low withdraw fees and then use another instant changer like SimpleSwap to reconvert again,but is it really sustainable? You tell me.
Nowadays the fees to withdraw from exchanges are getting higher and higher, 0.001-0.002 BTC per transaction which is outrageous for a day trader with small trading capital.I'm asking the most experienced of you,do you have any tricks to avoid these fees? I thought of converting the BTC to another altcoin with low withdraw fees and then use another instant changer like SimpleSwap to reconvert again,but is it really sustainable? You tell me.
If you're looking for yobit in particular, I think LTC is the cheapest that you can do.
Exchange your BTC into LTC, then convert it back to BTC on a site like Changelly or Changenow(despite the fact that they're somewhat shady in their own right) which charges less withdrawal fee. That way you're able to circumvent the 0.0016 BTC withdrawal fee.
You could also potentially use XRP as a means, but that market has lower liquidity afaik.
The question has already been answered by you, and besides the method you have mentioned, I don't think there is any more.
My question is whether there is still an exchange that imposes a fee of that size?, as far as I know the current WD fee is in the range of 0.0005BTC.
If you find exchange with that high fee better to avoid to trader there.
My question is whether there is still an exchange that imposes a fee of that size?, as far as I know the current WD fee is in the range of 0.0005BTC.
If you find exchange with that high fee better to avoid to trader there.
Try converting to a liquid and not highly volatile altcoin that is high enough in value that you won't be penalized significantly % wise if you cross the spread,
and still low enough in satoshi terms that the withdrawal fees will be economical.
One example is TRX, its fast transactions also insure that the risk of market fluctuation will be minimal...
and still low enough in satoshi terms that the withdrawal fees will be economical.
One example is TRX, its fast transactions also insure that the risk of market fluctuation will be minimal...
Sup guys,
Nowadays the fees to withdraw from exchanges are getting higher and higher, 0.001-0.002 BTC per transaction which is outrageous for a day trader with small trading capital.I'm asking the most experienced of you,do you have any tricks to avoid these fees? I thought of converting the BTC to another altcoin with low withdraw fees and then use another instant changer like SimpleSwap to reconvert again,but is it really sustainable? You tell me.
Nowadays the fees to withdraw from exchanges are getting higher and higher, 0.001-0.002 BTC per transaction which is outrageous for a day trader with small trading capital.I'm asking the most experienced of you,do you have any tricks to avoid these fees? I thought of converting the BTC to another altcoin with low withdraw fees and then use another instant changer like SimpleSwap to reconvert again,but is it really sustainable? You tell me.
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