Bitcoin Forum

I withdrawn 0.003 from yobit signature campaign balance. And I came to know that yobit have increased the withdrawal fees from 0.0002 btc to 0.0005btc. Guys,  I want to know your opinion about this thing.

I'm happy i don't use yobit any longer... 0.0005 is about 35 cents at current preev rate, i personally think that's way to much.
Ofcourse, it's a free world, they can charge whatever they want, if you don't like what they offer, you can always stop using them ;)

Haven't checked they have bumped the withdraw fee to double as i haven't withdrawn from them recently. But this is really higher than other bitcoin exchange platform however i am not surprised much because they already have 3% around withdraw fee for other payment processor. May be they want to earn more from withdraw fee also other than just trading fees.

I'm not really affected with the fee increase because I rarely use them. Only getting money in it when I sold my remaining yovis which currently is impossible because the market is not moving.
Anyway, I think it's okay to increase the fee if that means that it will be sent with a high priority so it can be confirmed soon.
It will be nice tho if they can put an option to set fee from the previously 0.0002 btc to 0.0005 btc now.

I think  this  price  increase  on  fee  do happen  already  for  3-5 days ago  ,  im  not really sure  but  regarding on this  matter  i was   little bit shocked  too on the changes that  they made which they  increase the   fee  and  i assumed  they  do this because they want  to  fasten their  service  regarding  on withdrawals  from their  players  or  clients.  50k  satoshi  wont  hurt  you though,   its just a  little  amount  to think off, the  important thing  here  is that  your  withdrawals  would  be  on   high priority and   confirmation  times  would be fast.

That's a good idea of implementing the custom fees option for withdrawal. But , as you just said that it is ok with fees increase.  Then what you will do , when the withdrawal fees will go up to 0.001 ?

I remember they were suggesting to convert back to dogecoins to minimize the withdrawal fees. Last time when I did, paid 2 dogecoins as a fee for withdraw merely ~70 satoshi. Being their signature participant, you must find a permanent solution instead of writing daily one post for their fee.

Must be a right solution to OP by considering the stable prices of dogecoins. But, so far yobit has become well established and a signature campaign member does not need to withdraw his earning on daily basis. Even they get paid daily, if they get the practice of withdrawing weekly once, they will get rid of this sudden withdraw fee problem.

It's quite simple and normal that they upped the withdrawal fees for Bitcoin.

Nowadays the regular fees are not enough to get pools to include that transaction in their blocks as they obviously give much higher priority to transactions with much higher fees.

Another thing is that people withdrawing from Yobit mostly only do that with very small amounts, where in some cases these transactions are being graded as zero priority transactions by certain pools.

To avoid people having to wait many hours for their withdrawals to confirm, Yobit has upped the fees significantly. Normal and well understandable move.

This idea sounds really good buddy.  I thought,  they have increased the withdrawal fees to just earned some profit from their altcoin traders. So the fees increase is only to get the 1st priority to let the transaction confirmed soon.

They increased the fees on that day when the transactions were taking a lot of time to complete (12-24 hours).

I think it's very expensive, didn't like it. If they increased it to 30K satoshis, I would agree, but 50K is too much!

Anyway, as was said above, we don't need to withdraw money every day, so it's possible to get a high balance and withdraw big amounts rarely.