, even on binance exchange the withdrawal fee is 5$, a real pain in the ass 
Topic: You can lose transfering and withdrawing - page 3. (Read 542 times)
I always try my best to avoid Ethereum transactions this days but since I have some good tokens in my wallet I have no choice but to send them to exchanges to trade off but what I will never do is withdraw with Ethereum again? , even on binance exchange the withdrawal fee is 5$, a real pain in the ass
, even on binance exchange the withdrawal fee is 5$, a real pain in the ass
Small token traders will be at the receiving end of this whole high gas fees issues, imagine when you have several small amount tokens in your wallet that are worth $10 or so and you have to spend gas to transfer them to exchange, it is better to just let those small tokens seat in your wallet for as long as the gas price is high, at the end of the day, it is no0t worth the trouble.
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You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
You can convert your profit into the other altcoins to avoid the high fee you will get in withdrawing the profit. The gas fees are still at a high fee, which can reduce your profit amount, so you need to think the other way to withdraw the funds. TRX can be a solution to reduce the fees or you can check on Dogecoin fees.
Bilaxy has so many options to be used as alternative coin to avoid the high fees. some members are also mentioning the best answer like use the TRON chain or any other chain that has very good liquidity and being accepted by almost all of exchange sites. OP i guess litecoin is not the best coin to be used to avoid the fees, it's still too high compared with another chain.
When you are talking about a shit token then these things will always happen because you can't find that coin listed on exchange where trading and withdrawal fees are less, so you will be forced to withdraw for loss since there is no option.When you want to become a trader don't go for unfamiliar coins and pairs just go for coins which is available on most of the exchange so you won't be losing your profits.
1. You don't have to make that transaction instantly because eth gas fee varies, in hours it can go lower than before, use ethgas.watch to keep watching the gas price
2. Must you withdraw with Ethereum again? Whenever I find myself in this situation I trade my tokens for coins that have cheap fees like LTC, TRON, DOGE, XRP
2. Must you withdraw with Ethereum again? Whenever I find myself in this situation I trade my tokens for coins that have cheap fees like LTC, TRON, DOGE, XRP
Good points but these that not apply all the time, there are instances that you have to send your token right away because the price is fast-moving down, and on an exchange, you just want to trade with Ethereum because it's your choice of token to hodl or to trade with fiat, so what can you do you are losing because of the fees, I missed the times that I can send tokens for only 10 or 20 cents.
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
That's the reason why the price of ethereum surge because of fees need to pay for every transaction where small holders will be in pain since they need to pay fees for sending and you need to also use fees for widrawing it . it will much pain if you are using Dex exchange where they are asking 0.01 to 0.03 ETHper convertion.
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
You must try to see whether the USDT withdraw service on TRC20 already available or not on bilaxy. now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
You must see this and the only best option for you to trade it into USDT TRC20 and withdraw it https://twitter.com/Bilaxy_exchange/status/1347857773216743424
That needs only 0.2 cents for a transaction as the fees.
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
Why don't you use usdt trc20 to withdraw it except of course you want it eth, that's why trading small amount of token is not profitable at this time because you will end up spending more than necessary on gas fees only, i already adapt to using trc20 ever since the gas fees skyrocket, only when it is required i will withdraw with eth.
Exactly, with the rising fees, really hard to profit for us average Joe, probably the minimum that we need to take out is like $100-$200 just to enjoy some profits on the side. I myself have some tokens to swap, however, when I look at the fee, it's not worth it. I'm just getting around $200, but the fee, well, it's x3.5, Lol. So I decided not to proceed because not worth and I will be -$500.
Tokens worth $200 - $700 fee= -$500.
This is not right only whales can trade if this continue, average investors and bounty hunters cannot keep up with the transaction fee, the issues are there are so many altcoins on Ethereum platform and trading their shares coming from bounty will make them lose everything, this is a big dilemma indeed I have similar experience with Emirex token where after trading I only have a 30% left of the token value I traded 70% goes to the fee.
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
That's pretty common to happen. This is why most casual traders just leave their assets in an exchange, treating it as a wallet, to avoid losing in profit. Their taking the risk of losing their funds from hacks to avoid that fees. This spells disaster especially when the exchange you are trading with isn't very known. You can do that but it's really not recommended.
Even before Ethereum gas fee increase there are few crazy exchanges that will task you for high withdrawal fee, next time before making deposit on any exchange first check out their withdrawal fee amount, to me binance is still fair enough and also this is the time to be more friendly with coins like DOGE and TRON
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
Exactly, with the rising fees, really hard to profit for us average Joe, probably the minimum that we need to take out is like $100-$200 just to enjoy some profits on the side. I myself have some tokens to swap, however, when I look at the fee, it's not worth it. I'm just getting around $200, but the fee, well, it's x3.5, Lol. So I decided not to proceed because not worth and I will be -$500.
Tokens worth $200 - $700 fee= -$500.
If bilaxy exchange is asking for 4$ to withdraw LTC they are thieves, make sure you don't use such exchange again, for even 1$ per LTC withdrawal I will still raise an eyebrow, if you still have any other tokens on bilaxy look into their TRON withdrawal fee first, I believe it should still be under cents
They have one the highest withdrawal fee I'm looking for other exchange where I can trade my FRM, there's no Eth Tron pair, I have explored every possible options to trade but I always end up paying $4 to $12 fee with the other pairs I can wait to send my coin when gas fee is lower but withdrawing it from Bilaxy is a different story, either way you are still going to lose.
That is current situation with Ethereum network. Get used to it. Try to catch the moment when transaction fees are lower. Check fees at https://etherscan.io/gastracker. Btw, get ready that your transaction can be dropped, if all the gas is burned (in case you set low gwei manually) and you will have to make another transaction.
But if I were you, I would have traded FRM on hoo.com as they charge lower fees (0.001 LTC for example)
But if I were you, I would have traded FRM on hoo.com as they charge lower fees (0.001 LTC for example)
1. You don't have to make that transaction instantly because eth gas fee varies, in hours it can go lower than before, use ethgas.watch to keep watching the gas price
2. Must you withdraw with Ethereum again? Whenever I find myself in this situation I trade my tokens for coins that have cheap fees like LTC, TRON, DOGE, XRP
2. Must you withdraw with Ethereum again? Whenever I find myself in this situation I trade my tokens for coins that have cheap fees like LTC, TRON, DOGE, XRP
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
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