No Bitcoin exchange pays the fee for us as the fee will be deducted from our total withdrawal.
And if that's the case, your withdrawal amount will decrease but it's okay if you withdraw a large amount of money.
As far as I know, the exchange doesn't take up to 2 days to receive your Bitcoin because that's what I experienced.
For the fees, we can't resist high transaction fees because the exchange has to adjust the transaction fees according to the conditions that occur on the network.
To deal with high fees, you need to be patient and wait until the transaction costs can go down but if you are not willing to wait, you have to pay high fees.
Topic: Is There A Bitcoin Exchange That Pays Most of Fees for You? - page 2. (Read 293 times)
FreeBitcoIn, Binance and CEX are good but they do not support the lightning network.
If you're looking to find an exchange which support lightning network, you can check in this list https://github.com/theDavidCoen/LightningExchangesWhat the hell you're using Freebitco.in as an exchange? it's a faucet and casino site.
Maybe some P2P options might help since you are allowed to choose which fee rate you want to use and execute your transaction
If you trade via direct P2P you will not pay additional fee, but if you use a P2P site, usually they will charge additional fee. Usually the fee is low, but the rate isn't 1:1. In CEX you're trade with the actual rate, mostly trade in CEX is more profitable than P2P site.
Paying high fees for transactions can be a real pain, especially when you're trying to save on costs. While it would be nice to find an exchange that covers most of the fees, it's important to approach these claims with a healthy dose of skepticism. Sometimes, things that seem too good to be true often are.
Title says it all. Is there a bitcoin exchange that pays most of fees for you? For example, I want to send Bitcoin to my Electrum wallet but others want to withdraw too. So like my transaction is bundled with many other people's transactions.
The main purpose of exchanges is to generate profits from users. There are alternatives to choose from, but the cost of transportation is limited. Electrum for example. Shipping fees can also vary. We are all aware of the increased fees recently. We had to wait for the transfer, so I don't think what you want is very possible. You just have to wait for the right time. Unless you're in a hurry.
Finding an exchange that meets all the desired criteria may be challenging at the moment because most of the exchanges do not fully pay user fees. However, some exchanges offer fee incentives, discounts or loyalty programs that can help reduce the impact of fees. Yes, other Solutions such as the Lightning Network may also be adopted more widely, providing an alternative for lower fees and faster transactions.
You can not manage fee because you don't have private key with your exchange account.
Exchanges are greed and they don't care that transaction fee on Bitcoin network is expensive or cheap than usual. They charge you a fixed withdrawal fee per one withdrawal. The joke is when transaction fee is cheap, they don't change it but if transaction fee goes high, more expensive, they will increase that fixed withdrawal fee and charge more fee on users.
The realm of cryptocurrencies appears highly promising in terms of profitability, prompting exchanges to confidently impose substantial fees on their users. Individuals who have just made a large withdrawal do not mind bearing such fees. However, for users who withdraw smaller amounts, they need to promptly seek alternatives in order to maximize their balances.Exchanges are greed and they don't care that transaction fee on Bitcoin network is expensive or cheap than usual. They charge you a fixed withdrawal fee per one withdrawal. The joke is when transaction fee is cheap, they don't change it but if transaction fee goes high, more expensive, they will increase that fixed withdrawal fee and charge more fee on users.
As long as this exchange continues to provide reliable and secure services, the issue of withdrawal fees will only be a concern for crypto users with small balances. There are still many users with significant balances who remain unaffected by this fee problem.
Title says it all. Is there a bitcoin exchange that pays most of fees for you? For example, I want to send Bitcoin to my Electrum wallet but others want to withdraw too. So like my transaction is bundled with many other people's transactions.
You and others have to withdraw your bitcoins from that centralized exchange. You can not send your bitcoins from your exchange account to Electrum wallet. You don't have rights per Terms of service and don't have private key to make any transaction on chain. You only can submit your withdrawal request and wait the exchange to approve that request, and proceed the transaction for you.Quote
Basically, people willing to pay higher fees help to substantiate the poor man's low fee in terms of how quickly one wants receive Bitcoin. I am willing to wait even 2 days before I receive Bitcoin. Due to high on-chain fees, I cannot manage fees.
You can not manage fee because you don't have private key with your exchange account.Exchanges are greed and they don't care that transaction fee on Bitcoin network is expensive or cheap than usual. They charge you a fixed withdrawal fee per one withdrawal. The joke is when transaction fee is cheap, they don't change it but if transaction fee goes high, more expensive, they will increase that fixed withdrawal fee and charge more fee on users.
When discussing centralized exchanges, it's important to note that withdrawal fees are a significant factor to consider. These fees should not be confused with transaction fees, as exchanges typically charge higher withdrawal fees than what they actually pay for transaction costs. This is because exchanges engage in a large volume of transactions, which allows them to negotiate lower transaction fees. Ultimately, their goal is to generate profit from users rather than cover their fees. While it is possible to have control over fees in non-custodial wallets like Electrum, not all wallets offer this customization feature. Therefore, it is unrealistic to expect reduced fees from exchanges. It's worth mentioning that withdrawal fees encompass both transaction and processing fees and serve as a source of revenue for exchanges.
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I highly doubt if there is any exchange out there that pays more of the withdrawal fees for its users, exchanges are running a business and trading fees, as well as withdrawal fees is basically how they make their money, listing fees is just an addition.
And speaking about lighting network, I think one exchange that has implemented the lightening network is Remitano exchange, I know this because for the several times I've sent bitcoin to the exchange, I was credited immediately even while the transaction was still pending confirmation on the blockchain, although I've not tried sending bitcoin out of the exchange to get an idea of what the fees is like at the moment.
And speaking about lighting network, I think one exchange that has implemented the lightening network is Remitano exchange, I know this because for the several times I've sent bitcoin to the exchange, I was credited immediately even while the transaction was still pending confirmation on the blockchain, although I've not tried sending bitcoin out of the exchange to get an idea of what the fees is like at the moment.
A lot of full fledged exchanges actually batches bitcoin withdrawals but it doesn't guarantee they won't inflate their withdrawal fee sadly.
You're better off comparing withdrawal fees of CEXes and decide from there. Here are some places to start with:
1. https://withdrawalfees.com/coins/bitcoin
2. Current list of exchanges without KYC - withdrawal fee is listed for each
Note: I'm not saying to use a certain exchange 'solely' because of their withdrawal fee
You're better off comparing withdrawal fees of CEXes and decide from there. Here are some places to start with:
1. https://withdrawalfees.com/coins/bitcoin
2. Current list of exchanges without KYC - withdrawal fee is listed for each
Note: I'm not saying to use a certain exchange 'solely' because of their withdrawal fee
Title says it all. Is there a bitcoin exchange that pays most of fees for you? For example, I want to send Bitcoin to my Electrum wallet but others want to withdraw too. So like my transaction is bundled with many other people's transactions.
I don't think that's ever going to be possible. This is because the exchanges and platforms that you are referring to are all business-oriented, which means they are there to make profit and not losses. No matter how little the fee turns out to be, they just have to charge it, and exchanges have the feature of allowing others to pay for the next person's withdrawal fee because your fee is always automatic if you want to withdraw.
The best option you have is to either wait patiently for the transaction fee to reduce a little more to the level that you can pay, or you shouldn't go to a centralized exchange to buy your Bitcoin at all. Maybe some P2P options might help since you are allowed to choose which fee rate you want to use and execute your transaction, but I'm not sure how much different it might be from what the centralized exchanges will charge.
Title says it all. Is there a bitcoin exchange that pays most of fees for you? For example, I want to send Bitcoin to my Electrum wallet but others want to withdraw too. So like my transaction is bundled with many other people's transactions. Basically, people willing to pay higher fees help to substantiate the poor man's low fee in terms of how quickly one wants receive Bitcoin. I am willing to wait even 2 days before I receive Bitcoin. Due to high on-chain fees, I cannot manage fees. Many places online do not recognize the Bitcoin lightning network as of this time of posting. FaucetPay does not support lightning network. Also no high minimum withdrawal. FreeBitcoIn, Binance and CEX are good but they do not support the lightning network.
Muun credits you instantly but wants you to always pay fee more than incoming balance. High fees must be fixed soon.
Muun credits you instantly but wants you to always pay fee more than incoming balance. High fees must be fixed soon.
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