That was too high! But we can't blame that exchanges. That's how they earn. However, in some exchanges I just did experience 50ksats for the fixed fees so what I am doing is exchanging my btc into xrp and transfer xrp into my personal wallet. You can check out the xrp's fee it cost less than eth and btc.
You can read this link , it was stated some crypto exchanges who offers lowest fees.
Topic: Some exchanges charges are too high - page 4. (Read 868 times)
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
I have no problems with our local exchange as we have the option on what fees to use in any bitcoin withdrawal but in your situation it will be best that you should stay away from those exchange that offers pretty high withdrawal fee. And your pretty smart as that is my doing also if I saw a pretty high withdrawal fee but in my case I am using either xrp or ethereum so I can less in withdrawal fee compare to withdrawing it via bitcoin.
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
OP is right, DCOIN really charges high amount with their withdrawal fees and it is worst in Bitcoin transactions. The worst part of this exchange is that, it takes a hell of a time before they approve of the transaction and send it to their users. It's best to withdraw in ETH and later swap to get Bitcoin.Another of such exchange is CREX24.
high withdrawal fee is really frustrating of some exchanger most especially bitcoin and ethereum, thats why what i always do is i trade it first to xrp, because i can easily exchange xrp to my local fiat, and what i love most to xrp are fast transaction and low fee. you also try bch but the transaction is not that fast.
I think almost all exchanges charge a large withdrawal fee to BTC. Yes, there are differences, but only slightly. The point is the withdrawal fee on the exchange is greater than the withdrawal fee from our personal wallet.
Maybe this is one place for the exchange to get profit. But we can overcome by making withdrawals with other coins that are cheaper.
Maybe this is one place for the exchange to get profit. But we can overcome by making withdrawals with other coins that are cheaper.
I agree that many exchange have high withdrawal fee for bitcoin, you should search an exchange with lower withdrawal fee as there are already other exchanges who have way low withdrawal fee for bitcoin and are some with 0 fee but need to do kyc.
Well, it is really surprisibg to see how exchanges deals with transactions especially the withdrawal fees, but to consider, exchanges varies depending on the cryptocurrency that we are trying to withdraw out of the market. In fact, you could first trade the crypto you want to some altcoina that are wvidently low in transafxtion fee in terms of withdrawal. And then, try to convert the altcoin back to BTC in ylur preferred local exchange if you want.
How many exchanges you know of that have too high withdrawal fee?
I don't know how you determine "too high WD fees". Everyone may have different perceptions related to too high or not the WD fees. However, you must know that there are a lot of exchanges in the world. Just choose the exchanges that you think have low WD fees. You can ask on their telegram group or googling to know the information about WD fees. I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal
Why you are shocked? Don't you know that WD fees for Bitcoin commonly higher than altcoins? By the way, it means you don't find out the information about WD fees before you trade or create an account there. It is a bad mistake, buddy! Don't try before you know well everything. How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
You have a options to use Litecoin instead using Bitcoin. If you had no options left to do than have to withdraw Bitcoin. As my experience now yobit exchange has top withdraw free of Bitcoin. Did you ever use swap options by different apps and service to instant convert your portfolio. To change exchange swap to out of top coin.
I have experienced withdrawals using bitcoin on a number of exchange fees that were taken quite large, but there are a number of ways in which costs can be reduced by exchanging bitcoin for doge and it works.
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
I have also experienced the same thing several times due to high fees. I forget the name, which is clearly a new exchange, I use the exchange because of the reward bounty. Well, usually I move it to another exchange after exchanging it for more general coins. Although fees are also affected by your gas price and nominal withdrawal, each exchange has its own rules regarding withdrawal fees. Here are a few comparisons:
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actually the size of the exchange fee depends on the quality of the exchange itself because they take advantage of the withdrawal fees and trading transaction fees to avoid losses, but we as users must be smart in choosing cheap digital money, which is usually that I use TRX to move my assets as usual cheap withdrawal
Reputable exchange usually only charge 0.0005 or less and I think 0.001 is too much. If the condition of blockchain network is overcrowded that it forces us to pay for high fee then it's tolerable but right now the fee required for a transaction is so cheap. Maybe the exchange forget that it's not 2017 anymore and that high fee can be considered ridiculous. How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
Not all exchange market have the same fee charges and many of exchange have different payment fee but you can convert first you withdrawing ethereum or bitcoin become with doge coin or you can use litecoin for withdrawing, you can get little fee payment when withdrawing use altcoin like ltc, doge and you can use XRP to get little fees.Why not use another exchange that has lower fee? (make sure you read the reviews before using it).
With some well-known exchanges in the market, the withdrawal fees are very uniform. Only for some altcoins to go to special exchanges to trade, those exchange transaction fees and Bitcoin withdrawal fees are particularly expensive. We can withdraw to other mainstream currencies to reduce our costs. It is recommended to trade to mainstream exchanges.
nominal fees (0.001) are almost similar to mercatox, and are also calculated progressively based on the amount sent, it is better to use trx or altcoin which is often used for low fee transactions, withdrawal fees for bitcoin are quite expensive, almost the same as usdt. The rules about it are purely from their exchange policy, but not all are like that.
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
Not all exchange market have the same fee charges and many of exchange have different payment fee but you can convert first you withdrawing ethereum or bitcoin become with doge coin or you can use litecoin for withdrawing, you can get little fee payment when withdrawing use altcoin like ltc, doge and you can use XRP to get little fees.Why not use another exchange that has lower fee? (make sure you read the reviews before using it).
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
I have even never heard about the said exchange. How do you even discover and end up using such unpopular exchanges with zero reputation and an absolutely shit trade volume? Why not stick with the more popular and trustworthy exchanges which even charge much lower fees?
This is how people end up getting scammed
This thread is a good guide to different exchanges and their fees; Crypto exchanges comparison [trade fee + listing fee + age + mobile app + more!]
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
I have also experienced the same thing several times due to high fees. I forget the name, which is clearly a new exchange, I use the exchange because of the reward bounty. Well, usually I move it to another exchange after exchanging it for more general coins. Although fees are also affected by your gas price and nominal withdrawal, each exchange has its own rules regarding withdrawal fees. Here are a few comparisons: 
How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
Unfortunately there isn't a whole lot that you can do about it.
Exchanges set the rules, whether or not they may be fair and if you use their service, you have to agree to their terms and conditions of services. There is no way around that.
As you say, there are ways to circumvent what some exchanges have in high fees by converting to another altcoin and then exchanging it using an instant exchanger which has relatively low fees (at least in terms of transaction fees). This only works for small amounts, though.
That is really on the high side, sometimes this fees scare investors/traders away and before you know it the trading volume in that exchange tend to be less, well in instances like this the best one can do is to convert their bitcoin or ethereum to another cheaper altcoin with that the fee would be less.
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