Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: fabry1999 on November 28, 2017, 10:28:09 AM



Title: Cryptopia vs Poloniex BTC transacion fee ....20 time more !
Post by: fabry1999 on November 28, 2017, 10:28:09 AM
Hi,

why Cryptopia have 0.002 BTC transacion fee while Polinex have 0.0001 BTC ?

How can justified 20 time more expensive fee on Cryptopia ?


Title: Re: Cryptopia vs Poloniex BTC transacion fee ....20 time more !
Post by: phuocduong on November 28, 2017, 10:35:46 AM
bittrex 0.001 fee, i see poloniex low fee


Title: Re: Cryptopia vs Poloniex BTC transacion fee ....20 time more !
Post by: ronnylov on November 28, 2017, 11:01:32 AM
Maybe it is better exchange BTC to Litecoin and transfer as litecoin if tranferring between Exchanges?


Title: Re: Cryptopia vs Poloniex BTC transacion fee ....20 time more !
Post by: wacko on November 28, 2017, 12:03:27 PM
Poloniex does their btc withdrawals in a way that one transaction has many coins going to different addresses at the same time. That's probably the reason for their low withdrawal fee, their user base is so large that there are always multiple users doing withdrawals 24/7 and they combine a bunch of those into one large transaction so that every user only pays 0.0001, but the total fee from all of them is enough to get the tx its first confirmation very quickly.