Bitcoin Forum

Why Binance withdraw fee is too damn high, want to withdraw some erc 20 tokens and its charging me $5+

7$ withdrawal fee for ETH and 2 ADX ( 10$) ltc over 4$ is too much . high withdrawal fees for all currency ;( .
 Very disappointing.

I think this is fair, because now it is getting more popular and users are increasing. The withdrawal fee is still quite cheap compared to other exchanges.

well if they charge a higher fee and process your transaction for you on time then that is better than paying a small fee and having your transaction stacked.

I've never really complained about fees, as long as the fee they charge is actually the fee they use when processing withdrawals. My real annoyance with exchanges is they charge you a flat fee, but you get a transaction with a sucky fee, that is very very often much less than what they charged you. It's like they make enough from spreads and from commissions. Why do exchanges keep doing that? And see, everyone said come to Binance, but now they're making money, they're also getting greedy. Typical.

Binance fees to Withdraw to high ?

CND: Transaction Fee: 180
TRX: Transaction Fee: 100
QSP: Transaction Fee: 30
XLM: Transaction Fee: 0.01000(this is nice)
REQ: Transaction Fee: 15
ADA: Transaction Fee: 1(Maybe ok to)
VEN: Transaction Fee: 5
BRD Transaction Fee: 4
ICX: Transaction Fee: 1
ETH: Transaction Fee: 0.01
Just Some Examples

wow... Very Very disappointing.

10% fee is so FU high!!
Binance is charging 4 WABI  withdrawal fee (13$). WOW !!!!!

Binance very very very high withdrawal fees. Vechain also 5 coins!

try withdraw with another coin (DOGE) to the local exchanger
then sell the coin (DOGE) to BTC at the local exchanger
then sell your BTC with fiat currency
finish ,,, transfer your money to your bank account

Binance is nothing if we compare to hitbtc. And binance support untill 8 decimal. Hit btc no. They toke the rest of our crypto. I like binance for token trade. And also it is faster the etherdelta and hitbtc when u use it on mobile. I think its normal fees.

Yep. I also like to use binance. verification is very simple. Not as difficult as bittrex and poloniex. fee for withdrawal. I find it twice cheaper than other exchanges. There is nothing to blame

Binance trading fee are ok.. but  fees to Withdraw to high >>> up to $18

CND: Withdrawal Fee: 180 >>  17.54 USD
TRX: Withdrawal Fee: 100  >>  8.69 USD
QSP: Withdrawal Fee: 30  >>  13.31 USD
REQ: Withdrawal Fee: 15  >>  11.57 USD
BRD Withdrawal Fee: 4  >>  6.85 USD
ADX Withdrawal Fee: 2  >>  5.71 USD
ICX: Withdrawal Fee: 1  >>  6.52 USD
ETH: Withdrawal Fee: 0.01   >>  9.04 USD
WABI: Withdrawal Fee: 4   >>  10.25 USD
BTC: Withdrawal Fee: 0.001  >>  15.02 USD
OMG: Withdrawal Fee: 0.3  >>  5.99 USD
SUB: Withdrawal Fee: 4  >>  4.88 USD

Just Some Examples

fees are high everywhere. specially for withdrawing anything ETH related ever since the ethereum network started failing to handle large number of transactions and people had to increase their fees to get in blocks,.... just like bitcoin!

most exchanges have high withdrawal fees like this though.

NO , NO!!

Bittrex >> ETH 0.002 (only 1.79002 USD)
POLO >> 0.005


SNT
Binance - 50 SNT fee
Bittrex - only 15 SNT

OMG

Binance - 0.3 OMG fee
Bittrex  0.1 OMG fee only

and and and.....

what is so high is that it is too abusive
it would be fair and reduce the exchange rate because it tends to make money so much to earn some money and then we'll get over the top of the charge
but it's okay because it's okay and there's something we've changed. Just keep it simple and calm because many money changers help you to handle your earning profit from websites remember that we've been helping them out before they continue to provide services similar to those who are looking for currency exchange
we are grateful and we earnestly seated and only invest in the post and suggest our opinions

what is so high is that it is too abusive
it would be fair and reduce the exchange rate because it tends to make money so much to earn some money and then we'll get over the top of the charge
but it's okay because it's okay and there's something we've changed. Just keep it simple and calm because many money changers help you to handle your earning profit from websites remember that we've been helping them out before they continue to provide services similar to those who are looking for currency exchange
we are grateful and we earnestly seated and only invest in the post and suggest our opinions

Guys, it s time to forget about low fees on exchanges - until people go on  withdraw coins with this fees and don't stop to do that and just bla bla bla, nothing will change. It gonna get worse over time.

if you don't like the terms, just don't use its services. there are many exchange that you can use and you can sell the fee from all of that is almost same, wha make it's expensive is the value that increased

I think they are doing very faster transaction even though they are charging high transaction fee. The only thing we have consider is whether the transaction is being done fastly or not we have to check because when compared to block chain they are taking less transaction fee.

It's how they make their money. Some exchanges make their money from the trading fees. Others from withdrawal fees.

It seems Bitcoin Cash withdrawal fee is the lowest then. i've withdrawn yesterday with 0.001 BCC fee which is ~2.5$.

Come to think off since they do charge up high fess then its normal for a certain transaction to fat to confirm but yet its still not an assurance since $5 as of now is already belonged into low fee. We are not on average $10 on the main network itself. I don't have much idea on whats the recent fee on binance though but if they did retain on $5 then expect for slowness of confirmation of such transactions. Not only binance to charge up high fees even on c-cex they do charge $15 on withdrawals.

here is the full official list by the way: https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance
though it's said 0.0005 for BCC there and as i said i've paid 0.001 BCC yesterday  ???

You want to have a service available 24/7 to pump and dump your coins for profit? they are charging high fees to make it harder for you to buy a coin cheap and sell it high in different exchanges. when I want to use any exchange, I'd check for withdrawal and trading fees before depositing.
If any coin other than Bitcoin has withdrawal fee more than $1, what would the fees be when they have millions of transactions weekly?

by the way there is the voting on binance for the next coin to be listed. raiblocks is leading right now. if it wins it will be the cheapest way to withdraw for sure.

All exchanges apply a large fee, this is terrible.
I as a trader with a small income feel heavy and tormented.
if my profit runs out at the Exchanger I do not even enjoy anything from my sales.

that's usually what happens in abusive sites
they increase money changing because they know you have a lot of money
they would also be impressive that the money you earned was also your long-term prospect or the money you accumulated
The time has come for somehow to reduce the money for a smaller amount
because it's a lot better to handle a lot of money, and the site builder also knows it
because they've also experienced a great deal of money that would make a change to the world of money changing, because everyone is active in posting the smaller the replaced ones will use more on your site

xmr Fee: 0.04  >:(

I can’t complain as I love trading using Binance than any other exchanges.. For this reasons,, the best and most interactive and user friendly platform.. The fee is worth it as I’ve not experienced problem with them and I don’t want to compare it to hitbtc and others because that’s a stupid thing.. If only Binance has every token that is listed then I don’t have to make an account on those scammed sites.. That’s has more negative reviews than a positive one..

i notice that too. if you pay higher fee they will release your coin fast, but some exchange is really slow on transaction process because they using it manually. That's why its better to have higher fee, than your tokens to be stacked and just processing in days,