How to withdraw a small amout of BTC from Yobit?

loughlin

sr. member

Activity: 700

Merit: 252

Only Bitcoin!

Quote from: michellee on May 24, 2019, 03:28:31 AM

Quote from: mpirun on October 27, 2017, 10:32:01 AM

I ask because I converted there a small amount of SIGT to BTC in yobit, and I need now to pay a fee higher that my BTC there to withdraw the BTC. A bit silly.

BTW what's a good way to convert to $USD without too much in fees?.

If you are not comforted with the high fee, I suggest you change or converted it into dogecoin and send the amount into your local exchange wallet address and then you can sell the Dogecoin to get local fiat. After that, you can withdraw the money and send it to your bank account. That is what I did if I feel that the bitcoin transaction fee was too higher and I always converted it into other coins first before I get the local fiat.

Why you wake up this thread two and a half years old? I hope you made a mistake and is not only signature counting.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: mpirun on October 27, 2017, 10:32:01 AM

I ask because I converted there a small amount of SIGT to BTC in yobit, and I need now to pay a fee higher that my BTC there to withdraw the BTC. A bit silly.

BTW what's a good way to convert to $USD without too much in fees?.

If you are not comforted with the high fee, I suggest you change or converted it into dogecoin and send the amount into your local exchange wallet address and then you can sell the Dogecoin to get local fiat. After that, you can withdraw the money and send it to your bank account. That is what I did if I feel that the bitcoin transaction fee was too higher and I always converted it into other coins first before I get the local fiat.

chowdhuryari

newbie

Activity: 4

Merit: 0

Quote from: warningsigns on October 28, 2017, 07:42:30 AM

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

Absolutely right. DO NOT WASTE YOUR VALUABLE TIME, ENERGY AND HARD EARNED MONEY IN THIS ABSOLUTELT SHIT YOBIT EXCHANGE.I DO NOT KNOW IF THERE IS ANY CONCERNING AUTHORITY WHO COULD CLOSE DOWN THIS EXCHANGE WOULD BE THE HAPPIEST DAY OF MY LIFE..

zikabra

full member

Activity: 574

Merit: 139

Quote from: warningsigns on October 28, 2017, 07:42:30 AM

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

Yobit has too many issues and stuck withdrawals with shitcoins, but I don't recall someone complained about their bitcoins, dogecoins or any other popular altcoins stuck.
Problem is with wallets which are in maintenance for months.

Quote from: Zocadas on October 27, 2017, 02:22:58 PM

I mostly use doge to get funds out of exchangers like yobit. In earlier times I used poloniex to transfer Bitcoin. Exchanged altcoin to doge on yobit, sent to Poloniex, exchanged to BTC and sent to my wallet with 0.0001 BTC fee.

How is that going to solve problem with withdrawal? First he will pay fee to yobit for exchange, then he will pay fee in doge for transaction, then he will pay fee to poloniex when he turns that doge in btc, then he will pay fee for withdrawal and finally he will pay fee when he send those coins. Seems like lots of work and fees for small amount. OP collect more bitcoins and then request cashout.

LTU_btc

legendary

Activity: 3178

Merit: 1363

Slava Ukraini!

Quote from: 1Referee on October 29, 2017, 04:42:35 PM

Quote from: Boseda on October 29, 2017, 11:07:31 AM

Bitcoin fees on yobit are very high (as well as on many other exchanges). You better convert BTC to another cheap altcoin like DOGE and then withdraw to your own Dogecoin wallet. (I made the DOGE example but you can switch to any altcoin you like....)

And then what? Save yourself a few satoshi's? People (at least the majority) at some point will want to convert their coins back to Bitcoin, which happens on-exchange, and thus you'll end up paying the trading fees, and on top of that the withdrawal fees. People should learn to look everything through, and prioritize what actions are actually worth taking, and which not. Yobit's fees are higher than other exchanges with their 0.0015BTC, but this is something you can figure out before actually depositing any coins. In other words, it's pointless to complain.

Just a small correction. Yobit withdrawal fee is 0.0008 BTC, it was reduced from 0.0015 BTC not so long time ago. So, now Yobit fees aren't higher than on other exchanges. But I agree with everything else that you said.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Boseda on October 29, 2017, 11:07:31 AM

Bitcoin fees on yobit are very high (as well as on many other exchanges). You better convert BTC to another cheap altcoin like DOGE and then withdraw to your own Dogecoin wallet. (I made the DOGE example but you can switch to any altcoin you like....)

And then what? Save yourself a few satoshi's? People (at least the majority) at some point will want to convert their coins back to Bitcoin, which happens on-exchange, and thus you'll end up paying the trading fees, and on top of that the withdrawal fees. People should learn to look everything through, and prioritize what actions are actually worth taking, and which not. Yobit's fees are higher than other exchanges with their 0.0015BTC, but this is something you can figure out before actually depositing any coins. In other words, it's pointless to complain.

Boseda

sr. member

Activity: 448

Merit: 250

Quote from: mpirun on October 27, 2017, 10:32:01 AM

I ask because I converted there a small amount of SIGT to BTC in yobit, and I need now to pay a fee higher that my BTC there to withdraw the BTC. A bit silly.

BTW what's a good way to convert to $USD without too much in fees?.

Bitcoin fees on yobit are very high (as well as on many other exchanges). You better convert BTC to another cheap altcoin like DOGE and then withdraw to your own Dogecoin wallet. (I made the DOGE example but you can switch to any altcoin you like....)

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: losoya on October 27, 2017, 12:40:29 PM

Quote from: mpirun on October 27, 2017, 10:32:01 AM

I ask because I converted there a small amount of SIGT to BTC in yobit, and I need now to pay a fee higher that my BTC there to withdraw the BTC. A bit silly.

BTW what's a good way to convert to $USD without too much in fees?.

I think you must to buy other altcoin and you can wd altcoin from yobit to other exchanges if you want to get small fee

Yeah. Their withdrawal fee is off the charts. Isn't it something like 0.001? I remember
a few weeks ago I'd traded some Dash-->BTC, and I got hit with a crazy fee when trying to
withdraw the bitcoin. I swear I'm done with Yobit. With all the complaints they've gotten
over the years they've been in business, you'd think they wouldn't want to screw their
customers like that. I don't think any of us got a notification about the increase, which
is another black mark against them...though I'm not surprised they didn't send one.

Try withdrawing doge or something with a really low transaction fee. A coin like that should
have a pretty low withdrawal fee as well, though I'm not sure.

LTU_btc

legendary

Activity: 3178

Merit: 1363

Slava Ukraini!

Quote from: warningsigns on October 28, 2017, 07:42:30 AM

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

I think you exagerate about Yobit too much. Offcourse, Yobit is very far away from perfect exchange, but it's not everything terrible as you describe. At least for main coins, there are not so many problems with withdrawals. And it's not best idea to open many tickets on the same problem.

tora

member

Activity: 532

Merit: 13

I convereted my bitcoin to litecoin to lower the fees but if you need bitcoin then you will have no choice.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Slow death on October 28, 2017, 12:52:42 PM

Quote from: warningsigns on October 28, 2017, 07:42:30 AM

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

People do not listen, as much as you give them many warnings they just do not listen

Yobit is a very dangerous exchange they do not care about their customers and unfortunately the customers can not complain when they have some problem because the support of yobit simply does not respond the tickets of support

I didn't know that theres still people who do make use of this exchange.Withdraw small amount? Then you cant because fees will kill you for sure and also converting into altcoin on withdrawing doesn't even guarantee you to go out on that horrible exchange. You would really need players indeed. Grin

If you do successfully go out then never use that exchange again to avoid stressing out yourself.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: warningsigns on October 28, 2017, 07:42:30 AM

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

People do not listen, as much as you give them many warnings they just do not listen

Yobit is a very dangerous exchange they do not care about their customers and unfortunately the customers can not complain when they have some problem because the support of yobit simply does not respond the tickets of support

mpirun

newbie

Activity: 55

Merit: 0

Quote from: warningsigns on October 28, 2017, 07:42:30 AM

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

ufff, I guess this will be a leason for me.

At the end, I guess, it only makes sense to mine coins with auto-exchange pools or coins traded in decent exchanges.
If I had known that I'd never mined SIGT.

warningsigns

hero member

Activity: 896

Merit: 1082

Did you say Yobit? To withdraw from that exchange, you first need to pray it works. If prayer doesn't help, you need to plead and beg them to process the withdrawal. And hope someone reads your many open tickets and shows some mercy. This is how it works with Yobit.

If you were hoping the withdrawal will be a straightforward and quick procedure, I have to sadly burst that bubble of hope.

They are ranked high up (if not first) on the list of rogue exchanges.

mpirun

newbie

Activity: 55

Merit: 0

Thanks for the help. So converting to another coin and transfer it looks the solution.

Zocadas

hero member

Activity: 909

Merit: 508

I mostly use doge to get funds out of exchangers like yobit. In earlier times I used poloniex to transfer Bitcoin. Exchanged altcoin to doge on yobit, sent to Poloniex, exchanged to BTC and sent to my wallet with 0.0001 BTC fee.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

If the exchange have minimum fees then there is nothing you can do about this. As for converting your bitcoins to USD then trading with individuals is more suitable as using third party services will only make you pay more fees.

losoya

sr. member

Activity: 428

Merit: 250

Quote from: mpirun on October 27, 2017, 10:32:01 AM

I ask because I converted there a small amount of SIGT to BTC in yobit, and I need now to pay a fee higher that my BTC there to withdraw the BTC. A bit silly.

BTW what's a good way to convert to $USD without too much in fees?.

I think you must to buy other altcoin and you can wd altcoin from yobit to other exchanges if you want to get small fee

mpirun

newbie

Activity: 55

Merit: 0

I ask because I converted there a small amount of SIGT to BTC in yobit, and I need now to pay a fee higher that my BTC there to withdraw the BTC. A bit silly.

BTW what's a good way to convert to $USD without too much in fees?.

Topic: How to withdraw a small amout of BTC from Yobit? (Read 479 times)