YoBit withdraw high fee | Bitcointalksearch.org

magneto

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Quote from: BookeyBitMan on January 15, 2018, 11:36:20 AM

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Still quite low compared to bitcoin, poloniex currently charges 0.0005 BTC for bitcoin withdrawals and bittrex 0.001 BTC, some other exchanges even more. That would convert to around $12 at the moment. 100 DOGE is nothing compared to that.

But compared to the actual doge transaction fees it's high as hell. But i guess they want to make the fiat withdrawal fees as close together as possible between different coins, or just want to make a small buck or two from doge transactions.

Nothing you can do about it, apart from issuing yobicodes which won't actually send your coins but rather transfer it to another yobit account that redeems it. If you really want to trade on the doge markets, then you'll have to bear with the fees.

BitHodler

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Quote from: barnes13 on January 18, 2018, 10:45:07 AM

100Doge for withdrawal fee obviously high and I think you should considering to trade on another exchange. As I know dogecoin is crypto currencies which never have problem about their network so Yobit just want to get profit from withdrawal fee.

While in nerwork terms a 100 doge fee is too high, that I can agree on, it's Yobit's rightful choice to set certain withdrawal fees they are comfortable with. It's definitely profit minded, but not the main reason.

I think the main reason for this is to prevent people from draining their doge reserves. People find Bitcoin too expensive to cash out, so they convert to doge to have that cashed out.

It's not an optimal solution per se, but it will give people less incentive to do so. From that perspective I can understand why they have done it. In some cases you just have to think further to find out what's going on.

barnes13

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100Doge for withdrawal fee obviously high and I think you should considering to trade on another exchange. As I know dogecoin is crypto currencies which never have problem about their network so Yobit just want to get profit from withdrawal fee.

timerland

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Quote from: BookeyBitMan on January 15, 2018, 11:36:20 AM

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Nope. They really have no reason to charge you 100 DOGE for your withdrawal, when I've sent doge transactions recently on the doge blockchain with absolutely 0 fees that have confirmed within the hour that i've sent it.

The max anyone is going to pay for an onchain transaction on the dogecoin network is around 5 DOGE, but 1 DOGE is enough. Other exchanges do not charge more than 2 doge as far as i remember.

It's just a case of greed in my opinion. They're ripping people off, making them think that 100 DOGE is going to their transaction, but in fact only 5% or less is and they're stuffing their own pockets with the rest.

magicwand2

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use another coin to tranfers my friend

Lassie

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Quote from: BookeyBitMan on January 15, 2018, 12:25:20 PM

I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...

I read in many sites about yobit, some say they will turn to scam soon. with this new change on their withdrawal fee where they are asking so very large amount specially in coins that supposed to have very cheap transaction fee, they are asking for large amount as fee. a big NO NO for me

potpockets

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In the case of yobit fees, it is necessary for several customers to make an order or boycott in their services so that it can work with more realistic rates.

mrcash02

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They use fixed fee rates. If you want to withdraw $1 or $100 in DOGEs or any other currency, doesn't matter, the fee will be the same...

greeklogos

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For Btc withdrawing it is 0,001 at all! Just crazy! I am a micro earner and tiles like half of my weekly earnings. I am using YoBit for my trading manipulations and for now the amount I have made is little, but when it will worth something serious I wish to hold it in a more safe place. Thinking now to start to use another exchanger. Recommendations?

Alns

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YoBit is going to get shutdown soon, so if you are holding money in there, then the best thing that you can do is just withdrawing all your funds out of there.

No one knows what is really going to happen, but they have a lot of troubles with their withdrawals and with their deposits, a lot of money is already lost in there.

Just to avoid all this potential issues, move to another exchange.

CyberKuro

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Withdrawal fee for an exchange is always higher than required fee, to ensure your transaction will be confirmed and they will take the rest of it, that's why it's called fee Cheesy

it is not only Yobit obviously, most exchanges have set withdrawal fee higher, but $1 or $0.5 isn't expensive at all, depends on how much Doge do you have?
There are many exchanges around, why do you choose Yobit? there is some problem regarding their services and too many people complaints about it.

carlfebz2

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Quote from: BrewMaster on January 15, 2018, 11:57:06 AM

Yobit is one of those sites that has the weirdest wallets in my opinion. most of the altcoins there are in maintenance for eternity! and the rest that aren't may not have any payable balance, so when you make a withdrawal it may get stuck for over a week.

as for fees, Doge fees are nothing. check out BCC(bitcoin cash) fees. it is 0.01 BCC which is $27!

Not only the weirdest but the most pissing out exchange over there. Once you got stucked on some wallet issues either pending or didn't go through deposits then be ready for an eternity waiting times and contacting their support is pointless because they wont really answer you for sure.Having their wallet on maintenance they don't even give a proper announcement regarding on it. Talking about fees $1+ isn't really that too high though.

bonipper

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Quote from: alyssa85 on January 16, 2018, 09:56:28 AM

Quote from: tabas on January 15, 2018, 06:01:47 PM

Quote from: BookeyBitMan on January 15, 2018, 12:25:20 PM

I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...

That was too high, this what happens when there's a big demand to a coin that people are using. And as far as I know, there are too many bitcoin traders that are converting their btc's to DOGE for lesser transaction fee and withdrawals but what's happening now with yobit is expected. Don't use them anymore and if you can avail to pay that 100 DOGE for withdrawal take it already.

Edit: I tried to check it out, it only says 0.002 LTC for withdrawal fee and the same goes with other altcoins except BTC.

That's probably what happened - people stopped withdrawing bitcoin (because Yobit's btc withdrawal fee was sky-high, higher than most other exchanges) and switched to Doge. They've probably had a run on their doge wallet so have raised the fee to discourage people. I guess folks will use another alt to move money.

Bter did something similar before it closed. It started forcing people who wanted to withdraw bitcoin to give it scans of their passports. However you could withdraw in any alt except doge without providing scans. There was a lot of speculation about why doge was the only alt you had to do KYC to withdraw. Maybe it had a run on its doge wallet too.

bonipper

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Quote from: BookeyBitMan on January 16, 2018, 07:51:28 AM

Thanks for the suggestions, but you did not understand me about DOGE market.
On YoBit site you have 6 market (BTC, ETH, DOGE, WAVES, USD, RUR),
and when I say market I think about buying and selling:
exemple
I buy with DOGE 200,000 RDD and I sell 200,000 RDD for DOGE (on DOGE market)
Bittrex, Bluetrade, Poloniex, Gate, Cryptopia, they do not have DOGE market (checked).
Cryptopia have but "Market is closed".

Click the doge link (shown by the red arrow) at the top right of the bleutrade home page.

Afterwards you should see doge markets including Htmlcoin, Mooncoin, Reddcoin, FujiCoin, Potcoin, Unobtanium, SolarCoin.

wriizo

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HitBtc has more crazier fees.
They want $13 for a ETH withdrawal, like what??

Crazy.

alyssa85

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Quote from: tabas on January 15, 2018, 06:01:47 PM

Quote from: BookeyBitMan on January 15, 2018, 12:25:20 PM

I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...

That was too high, this what happens when there's a big demand to a coin that people are using. And as far as I know, there are too many bitcoin traders that are converting their btc's to DOGE for lesser transaction fee and withdrawals but what's happening now with yobit is expected. Don't use them anymore and if you can avail to pay that 100 DOGE for withdrawal take it already.

Edit: I tried to check it out, it only says 0.002 LTC for withdrawal fee and the same goes with other altcoins except BTC.

That's probably what happened - people stopped withdrawing bitcoin (because Yobit's btc withdrawal fee was sky-high, higher than most other exchanges) and switched to Doge. They've probably had a run on their doge wallet so have raised the fee to discourage people. I guess folks will use another alt to move money.

BookeyBitMan

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Thanks for the suggestions, but you did not understand me about DOGE market.
On YoBit site you have 6 market (BTC, ETH, DOGE, WAVES, USD, RUR),
and when I say market I think about buying and selling:
exemple
I buy with DOGE 200,000 RDD and I sell 200,000 RDD for DOGE (on DOGE market)
Bittrex, Bluetrade, Poloniex, Gate, Cryptopia, they do not have DOGE market (checked).
Cryptopia have but "Market is closed".

I withdraw 100 DOGE (+100 DOGE fee) for testing on YoBit, DOGE arrive on my wallet for 10minutes, (it's fast),
for a regular transaction it's needed around 30minutes.

maeusi

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Fee of 100 Doge sounds really unusual. The fee was always 1-10 per thousand, also on yobit, as I remember. How many Doge did you want to withdraw?
Maybe the higher fee is caused by a new popularity and busy network or yobit is trying to generate also income on withdraw fees.

passwordnow

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Quote from: razer214 on January 15, 2018, 10:48:09 PM

That is true, they always had very large fees, as far as I can remember, one of the reasons I no longer operate with yoBit

Don't use yobit anymore, they are just the most useless exchange ever. It's enough that there are too many traders that are complaining with them. With the support, withdrawals that has crazy high fees and their wallets are always on maintenance and there's no hint if they will solve it.

Quote from: bonipper on January 15, 2018, 10:47:15 PM

Bleutrade has doge markets.
https://bleutrade.com

I have read this exchange twice for this day and I'm really new to it, gonna try it out.

bL4nkcode

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Quote from: BrewMaster on January 15, 2018, 11:57:06 AM

Yobit is one of those sites that has the weirdest wallets in my opinion. most of the altcoins there are in maintenance for eternity! and the rest that aren't may not have any payable balance, so when you make a withdrawal it may get stuck for over a week.

You might be lucky enough if you're withdrawal will only stuck in a week it might takes 2-3 weeks or even over a month.

Quote from: razer214 on January 15, 2018, 10:48:09 PM

That is true, they always had very large fees, as far as I can remember, one of the reasons I no longer operate with yoBit

Mostly exchanges ask too high withdrawal fees some ask only 0.0005 BTC but other cost 0.001-0.002 BTC which is absurb.

razer214

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That is true, they always had very large fees, as far as I can remember, one of the reasons I no longer operate with yoBit

bonipper

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Quote from: BookeyBitMan on January 15, 2018, 04:50:24 PM

Quote from: leowonderful on January 15, 2018, 04:41:16 PM

Quote from: BookeyBitMan on January 15, 2018, 04:37:23 PM

Quote from: leowonderful on January 15, 2018, 04:19:23 PM

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).

They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

But do they have Doge market for trading?
I did not see any other exchange which has Doge market.
On cryptopia site there is Doge market but "Market Closing". :/

Bleutrade has doge markets.

https://bleutrade.com

You can find other exchanges with doge markets on this page.

https://coinmarketcap.com/currencies/dogecoin/#markets

Tyrantt

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Quote from: potpockets on January 15, 2018, 12:23:51 PM

The withdrawal rates at yobit have always been high as far as I can remember. I think that's their biggest gain.

Well kind of, as much as I remember it was a fixed fee of 0.0001 for btc but that's not the only problem. One of the bigger problems is their support. I remember, last year, when I was using yobit and had a problem from time to time. It usually took them 3-4 days to respond and 1-2 to fix whatever the problem was. I even offered to work for free on the support tickets.

I didn't use any other coin besides bitcoin, so I can't really tell you but trust me, if I were you, I'd transfer all of coins you've have there to some other wallet or exchange (maybe they've improved, didn't use their website for over a year now but if the things are the same as back then, I'd do as I've said).

tabas

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Quote from: BookeyBitMan on January 15, 2018, 12:25:20 PM

I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...

That was too high, this what happens when there's a big demand to a coin that people are using. And as far as I know, there are too many bitcoin traders that are converting their btc's to DOGE for lesser transaction fee and withdrawals but what's happening now with yobit is expected. Don't use them anymore and if you can avail to pay that 100 DOGE for withdrawal take it already.

Edit: I tried to check it out, it only says 0.002 LTC for withdrawal fee and the same goes with other altcoins except BTC.

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Quote from: BookeyBitMan on January 15, 2018, 04:50:24 PM

Quote from: leowonderful on January 15, 2018, 04:41:16 PM

Quote from: BookeyBitMan on January 15, 2018, 04:37:23 PM

Quote from: leowonderful on January 15, 2018, 04:19:23 PM

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).

They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

But do they have Doge market for trading?
I did not see any other exchange which has Doge market.
On cryptopia site there is Doge market but "Market Closing". :/

CoinMarketCap.com is your best friend here.

Gate.io seems to have a DOGE/BTC and /USDT pair but not sure about signups and fees. Cryptopia is pretty much the same as Yobit in my experience with high fees and wallets permanently under maintenance, etc. What happens when you try to verify on Bitfinex? Did you submit the right info, etc? They've been behind on everything recently with a surge in signups, contacting support could help out a bit too even though help may be delayed.

BookeyBitMan

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Quote from: leowonderful on January 15, 2018, 04:41:16 PM

Quote from: BookeyBitMan on January 15, 2018, 04:37:23 PM

Quote from: leowonderful on January 15, 2018, 04:19:23 PM

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).

They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

But do they have Doge market for trading?
I did not see any other exchange which has Doge market.
On cryptopia site there is Doge market but "Market Closing". :/

leowonderful

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Quote from: BookeyBitMan on January 15, 2018, 04:37:23 PM

Quote from: leowonderful on January 15, 2018, 04:19:23 PM

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).

They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

BookeyBitMan

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Quote from: leowonderful on January 15, 2018, 04:19:23 PM

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).

BookeyBitMan

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Quote from: minersday on January 15, 2018, 04:09:53 PM

Quote from: BookeyBitMan on January 15, 2018, 11:36:20 AM

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Are you seriously complaining about a fee of $1,19? Came on, just sell all your cryptos and go back again to pay $50 for each wire transfer.

Are you dumb? That is DUST.

How much money are you managing rightnow? Is it $5? Because everybody can afford a single fee of a little bit less of one dollar.

YES I AM SERIOUSLY DUMB DUMB!
First what you use Bitcoin or Bitcoin cash and you pay fee over 20-30$ that's your problem!

How much I managing rightnow this is my problem!

And does not frustrate me how much $$$ fee cost than why Dogecoin fee is to high, and fee is high only on YoBit site not on Doge wallet.
On Doge wallet fee is classic 1-2 Doge, and it does not change!

leowonderful

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Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

adroitful_one

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Quote from: BookeyBitMan on January 15, 2018, 11:36:20 AM

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

I'm sure they probably set this price back when doge was worth hardly anything. You have to keep in mind that Bitcoin has more than 20x in price and doge has gone up a good 4-5x in price since then as well. It used to not cost so much. Still not that much in my opinion though.

minersday

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Quote from: BookeyBitMan on January 15, 2018, 11:36:20 AM

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Are you seriously complaining about a fee of $1,19? Came on, just sell all your cryptos and go back again to pay $50 for each wire transfer.

Are you dumb? That is DUST.

How much money are you managing rightnow? Is it $5? Because everybody can afford a single fee of a little bit less of one dollar.

BitHodler

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Quote from: BookeyBitMan on January 15, 2018, 11:36:20 AM

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

It's what the exchange thinks is justifiable, and not so much what the actual network fee is. It's probably looking at what coins experience the highest and lowest withdrawal volumes, and then just try to find a balance.

Just so that it makes sure their withdrawal fees are sufficient network fees, and that they have some (a very small part) that remains for themselves as profit. Honestly speaking, it's not all that bad.

If you farm your way through faucets and thus every buck in doge or whatever other coin matters, yeah, you'll see even such low fees as being high. People should just quit wasting time on faucets and captchas. It's not worth it.

BookeyBitMan

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I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...

potpockets

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The withdrawal rates at yobit have always been high as far as I can remember. I think that's their biggest gain.

BrewMaster

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Yobit is one of those sites that has the weirdest wallets in my opinion. most of the altcoins there are in maintenance for eternity! and the rest that aren't may not have any payable balance, so when you make a withdrawal it may get stuck for over a week.

as for fees, Doge fees are nothing. check out BCC(bitcoin cash) fees. it is 0.01 BCC which is $27!

BookeyBitMan

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I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Topic: YoBit withdraw high fee (Read 472 times)