It is definitely 5k to withdraw but to be perfectly honest with you even 50k wouldn't all that shocking in crypto world and that is why he probably mixed it with other places. There are tons of places all around the crypto world (mainly exchanges) that charges ton of money, I have seen a place with 100k satoshi withdrawal cost, 100k! that was highest I have seen in a long time.
Obviously, if you are an earlier investor you can remember times we paid 0.01 for transactions as well, those were some difficult days. However stake is not like that, it is only 5k here and few other places as well and it is one of the (if not the most) lowest withdrawal fee's I have seen around, they are not aiming at profiting from withdrawal and do it the right way for the people who want their money.
Obviously, if you are an earlier investor you can remember times we paid 0.01 for transactions as well, those were some difficult days. However stake is not like that, it is only 5k here and few other places as well and it is one of the (if not the most) lowest withdrawal fee's I have seen around, they are not aiming at profiting from withdrawal and do it the right way for the people who want their money.
Heh yeah, I've seen way worse fees. To be sure, now people are wisening up and leaving those services that charge such high withdrawals. I still don't get why more services don't slowly upgrade to Segwit compatible, and then native bech32 and then look into Lightning support.
I know it's a pain and a bitch but I've seen providers who already made the switch and the fees are kept to a min. Can you imagine Coinbase only last week did batching, for example?
but 5000 satoshi is 30 cents or something now. It's low compared to others for sure, but when was the last time any of us paid even 1k satoshi for fees on a normal day? Even with current congestion I get away with less than 10 cents.
P.S. Not a criticism at all, but one day I hope to start seeing better upgrades from all bitcoin services =)
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