Bitcoin Forum

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

all types of transactions are subject to fees, only the nominal cost of each department varies. where there are free, even if there are certainly many conditions and it is not easy to do the transaction.

What are you talking about?you have to pay for transaction fee and changelly is an insta swap exchange,removing transaction fee from your total balance is normal,im sure you have bank account and what happens when you transact from your account to your friends or family?or if you use ATM card some fee will be deducted from your balance for the transaction right?its same thing with crypto coins either bitcoin,ethereum or litecoin you will be the one to pay for the transaction fee

well... I don't really want to pay extra money

Yes it's normal and changelly is not stealing your money. The platform needs further development to provide the a lot of features to be used by the users in the future and how this company can do D&R when the company doesn't even have any money? Users use the feature and the users pay the fees for that and that makes sense.

Wherever you are if you want to have a transaction you really need to pay for the fees, fees simply for sustaining the service you really need to pay for fees, if you dont have to pay fees expect that there will be trouble processing your transactions, you are crying for. 25% fees? Maybe you havent seen the transaction fees before in the peak price of bitcoin.

Fees are essential things for all kinds of transactions, from traditional banks to bitcoin, and other alternative crypto currencies. Without fees, who will confirm your transactions? There are no banks will do transactions for their users without fees, because they have to do their maintenance on their networks, and pay wages for their employers. In crypto, fees used to pay for miners, even with networks that don't need miners (DAG, like Obyte), you will have to pay fees. Transaction fee is unavoidable.

You are living in this world right? Where you need to pay for anything you are using.Same applies to crypto related services as well because they are also running this service by spending their time so they will charge you fee for that.

It is there to protect the system from spammers basically.

If it was free, some people would spam the network with the unnecessary transactions just because they could. They can still do it now but if they want to congest the blockchain, they have to pay.

Sadly for us, because of them we need to pay for our honest transaction too. :/

If you are talking about the 3rd party services specifically,

I am pretty sure there are exchanges that don't collect fees for your withdrawals. Some services don't make you pay fees but you need to dig deeper to find them. And stay away from changelly, that service is no good.

There are some coins that do not require any transaction fee, for example NEO, even if I am withdrawing assets from different exchanges, NEO is the only coin that can be withdrawn completely for free without any additional fees.

in my opinion, it's normal especially if you make exchanges on p2p exchange I myself am a loyal user of changer com and I think it's reasonable because without their services we cannot exchange cryptocurrency. and 0.25% fee is not too large and also as far as I know some p2p exchanges offer reduced fees if we have made a large deposit and the benefits will arise.

Even in a transaction on fiat has a fee so why not with Bitcoin? If we are using other programs to make a transaction like the online wallet you are using there will certainly a fee involve and I guess in every bitcoin transaction there are miner fees to settle before confirming any of your transact Bitcoin that is pretty normal with any transaction involve even if its overseas and local transaction if you are transferring your coin to another wallet is will surely cost fees.

well its logically speaking that if we send money from far away we need fees for that one same also on cryptocurrency sending coins or tokens needs some fee or fuel for the transaction make the process started its just the basic information but its really informative

of course having to pay transaction fees and that's normal in terms of transactions,trading platforms are not managed by one person of course they have employees and they also need to be paid,I think 0.25% is not too big.

We have to pay free, most of the things now aren't free anymore. You have used an exchange and that means you have used their service, they are not a charity but a business and service provider. And for them to be able to continue their operation and service, we have to pay them for it. Yes, it's our money but still we have used their platform so there's withdrawal fee. Even just for sending, we have to pay for the miners fee except few alts that do it for free.

how can they get profit if they don't charge? And there is no one in my opinion that an exchange does not use a fee. because if there is some exchange who does not use a fee, it must be watched out because it could be a scam exchange.

I don't think they steal from you, it is normal that you pay transaction fee when using an exchange, how do you expect them to grow and maintain the exchange if you don't pay transaction fee.

This is normal and this is how all these exchanges and payment platform makes money and obviously they need money for staff and office expenditures as well as for server costs but i do agree that fee should be minimal.

So the work of the blockchain of any coin is built, that in order to send money to another wallet you have to pay a network commission. The amount of commission for each coin may vary, but in any case, the commission depends on the network load and the speed with which you want the transaction to be completed.

So true. Exchangers provide exchange services and we use those services. So it is natural that there is compensation for each of their services. Whether it is expensive or not, it depends on each person and the rights of the exchange. If you want to use it, you have to agree to each of these rules, if it's too expensive then don't do a transaction there and try other alternative exchanges. Simple isn't it :)

All exchange site platform are collecting fee of charge for every transaction. And that is just a normal things for them to do it, it is actually of their source to get profit and that's common and its not stealing instead its legal dude. And you are in business world were there is nothing free if you want to earn in the future.

You are right, there is usually a discount if you use the exchange's tokens or coins. That can be an alternative to reduce fees. Regardless of the fee charged, we must approve it because we have used the exchange service. It's okay if it's expensive if it's comparable to service, including transaction speed and security.

yes indeed mate there are some exchange that provides utility token to reduce the amount of fees that can be use for withdrawing the coins or tokens in the exchanger balances which its very useful to us and also there are some bonuses to use which we can earn it by trading

If you trade DOGE to XRP then you are supposed to trade the Doge/Btc and Xrp/Btc crypto pairs respectively. But if you go to challenge for the same transaction you will do only one trade. Fees do not only depend on the blockchain congestion, but you will also only pay once to the challenge and that fee is included in the price of altcoin pairs. Afaik 0.25% one-time fee is quite ok than paying fees twice(minimum fee of 0.2% x 2) to the other exchanges.

Why should be questioned for this.
All fees in transactions are reasonable and have been around for a long time. So no need to be confused anymore if you are charged fees in the transaction.

because centralized services don't work for free. they have to pay for hosting, labor and a lot of other things. not to mention that it is a business that is suppose to make money for their owners. so when you are using their platform you have to pay for it. hence the whatever percentage fee different services charge you.

Off course not everything in this world is free especially in the crypto world. Fees are paid so that things will move and make their services work. Besides those fees are in small amount.

You cant use crypto if you dont want to pay for transactions fee friend,its just how its works,changelly is a trusted company and they are not stealing from you,every last exchanges in crypto space works same way as well,one more thing the fees are very low to none how is this affecting you?

I understand that they need money. But I need it too!

Without fees, a system can't sustain itself. It will go into oblivion. The fee of changelly should be their standard exchange rate, a friend use to tell our group members that ever exchange is very cheap, never try it before I am careful of what I am not use to, don't want my money to hang.

Well that is because fees go a long way in ensuring that services are maintained and continuously up to standard whenever you want to make transactions. These platforms may be automated but there are still programmers working at the backend to ensure everything goes smoothly ☺️

how then do those projects for which have no commissions in their network, or the commissions very low, support themselves? if the system could not exist without commissions then such projects would also not exist, but they exist

they can make money from ads on their websites

It can also be based on the platform you're in, some wallets and websites offer bigger or lower fees based on the cost of their services, they need it to sustain the needs of the company to keep on operating and to earn the profit. Price also varies per coin.
I don't think we have to complain much since most of the fees are reasonable enough for the benefits and convenience we can get from it.

It is normal, fees are always available on all exchange platforms. If you use one of the exchange platforms to trade, that means you agree to the fees that apply from the exchange.

Nothing is free. You need to pay because the exchange and application need money to maintain operation and security. I have not seen any exchanges currently that do not apply exchange fees

it is natural when a platform provides good facilities. I don't think it's heavy if it's 0.25%. they also provide a platform using fees so they take advantage of their platform.

Transactions fees applies to a wide variety of services including crypto.
Is the fees too high? Yes

The very reason for this high fees, is because they can get away with it. Due to the nature of Bitcoin, everyone is used to see high fees, whenever they send and recieve BTC. Hopefully Lightning transactions will change the way people look at this fee model being forced down on us.

As soon as Stakenet (who's leading the development and innovation on Lightning) releases their multi currency wallet with inbuilt 1-click lightning swaps, you'll be able to trade and exchange your coins for a FRACTION of that. The coin you transact with needs to be lightning compatible though, however more and more coins is implementing it,  USDT for instance has announced they'll integrate it, making it possible to tether up inside your own wallet in seconds.

Yeah, all centralized exchange have fees in every single transaction. And that uses for payment to their employees, profit for CEO, paying security for site, domain or etc. So, don't worry if exchange ask you for fee, that not mean they stealing your coin.

You actually pay fees because it's needed by miners to confirm transactions and also for running of platforms, exchanges for instance get their revenue from fees too. Well I've done a couple of transactions on NEO tracker site without fees, but when using exchanges (like you mentioned changelly), fees are required,  I already explained why.

There is always network fee on every transaction that you make and the amount being deducted depends on the coin network you are on. I guess you are talking off Bitcoin network fee here, and this is what it has been like from the beginning, but you probably noticed this one because you paid high during network surge and that is when bitcoin fee is usually high, but on a normal day when the network fee is not high, you may have not probably feel it that much.

So, it is not called stealing, it is called service charge, if you are not comfortable with it, we have so many altcoins that you can use for your transactions also tat charges low fee, I also learnt that we have some altcoins that have zero fee, I have not used any of them though and I don’t know how true and how reliable that those coins are.

This is normal. If this is a problem for you, then you need to first study the theory of how blockchain and transactions work in cryptocurrency networks.

Just like the local commodities we are buying in our daily life, there is always a tax on a product.
In cryptocurrency transactions fees are required to maintain the speed and transactions good.
How can an exchange continue the transactions if they will make it free?
This is just a minimal cost only for the better community.

When transferring coins, you pay a fee to miners. Every time while a miner trying to find a block he wants to take the reward. The reward includes your fee and a few from other people. Exchanges take a fee coz it is beneficial for them. I can’t even imagine how much top exchanges earn on commission fees per day.

anyone can tell me which exchange don't collect fees for any transaction?
all i know is some exchange have their token and by using it you will pay half of the fee.
Does any exchange exist now for free fees? thanks in advance!

i think there are because there are also wallets that dont have fees when sending on the user that is using a simillar wallet as you  . they can earn thru ads and they are using those funds to shoulder their costumers fees  .

your right . thats the popular feature that an exchange have thesedays   . some of them are kuckoin and binance , also nexybit  . having thier token can give you discounts  .

the reason why need to pay is because miners are also doing thier job to process our transaction  , simillar to employees that are working for money .

If someone is providing you any service, they have to charge you for that to get some(?) profit out of it.
However I have observed that buying crypto with credit card is too much costly.

Normally, there is no transaction without fee attached to it. Although, there are certain exchanges that only charge on withdrawal and exclude trading fee. While some have reduced fee upon trading and withdrawal. No fee should be charged on deposit.

The payment is more or less like the bank charges which you pay when using banking services or the fees you pay for forex trading. The charges you pay when trading on exchange is jot hidden. It is stated in the exchanges terms and conditions. We're just too lazy to read them.

So you expect where you funds are kept to be free so your funds can be stolen by those hacker, I see the the fee as necessary thing that need to be collected because the service render will be optimized and security need to be in place for your funds to be save and you are here saying if they are scamming you , they are not running charity organization.

That is the transaction fee. If you don't have an exchange, you won't be able to sell your coin. Therefore, it is a service fee and you should be familiar with it.

We have to understand the flow of transaction fees. Exchange's income rely also on the fees alone and with the convertion fees, too. You have to accept the fact that in every transaction, there is a miner's fee and we have to pay for that. If you are still confused, i think this  link  (https://support.blockchain.com/hc/en-us/articles/360000939883-Explaining-bitcoin-transaction-fees) explains it all.

At this time is there still a free by now?
We pay water, we pay for electricity. Hell, even the road is being paid by us thru taxes.
There is nothing free anymore but just air which someday we might be paying for also.

.25% is just a small amount compare to what I have been using even before up until now. 1% - 2% for every transaction and another addition of $.50 for withdrawal fees in an ATM.

Lol, I laughed so hard when I saw this post. I don't see any reason why they shouldn’t charge you for carrying out transactions on their platform, this is normal to any platform providing a service to the human race, it is not possible to maintain this platforms without funds and I don't think these companies are charity organization.

If the blockchain can charge you fees for making transactions from one wallet to another, how much more this companies that are running a centralized system built around the blockchain also charge for the services been offered to the crypto community, so I think we should also give them our maximum support.

Firstly, you have to understand that people come with innovations to help the globe but in echange they have to make money as a sign of their compensation to the solutions profered. they also incure expenses when ensuring that they keep up with the standard operating proceedure of the solutions they profer. In projects like changelly, you have to note that changelly is just an echange and not a lockchain like EOS that has Feeless charges and therefore they have to pay up for fees that are incured while exchanging the tokens or coins from your wallet. its just a few blockchain that actually offer feeless transactions and its very rare to have such. in conclusion, you are not a victim of theft but they are doing their due diligence.

It is natural to pay for using service. Crypto exchanges are there to offer us services. They have given us the platform to trade coins. So for their service, they take certain amount of charge. But the matter to take into account is that why all exchanges charge the same amount? So it is necessary to fix the same amount of charge.

Do you know something that is completely free? Exchanges have too many employees, pay rent and so on. From where they should take the money for these costs?

How do you expect your transactions to be processed and completed ? It’s the fees you pay that are used to process it to make it faster. Without the fee , your transaction won’t be processed on the blockchain network !

I'm on that too. I would pay an honest transaction fee in exchange for a great rate of security, absence of wash trading and an ability to withdraw and manage assets any time I want.

Exchanges need the charges or funds from those fees for some developments. For instance, some exchanges use the fees to pay dividends to those who stake their assets on those exchanges. Some also use the funds from the fees to maintain the exchange site and to pay their staff. Except for some exchanges that have other alternatives or other means of funding.
If you feel you are being charged at exorbitant rate, which of course is the custom of some exchanges, you cab trade of exchanges that demand less. Although, if you are an investor or into bounty, you might have no choice than to trade on exchanges where the coins are listed, except you want to wait for listing on the exchange of your choice. Traders can still decide not to trade on certain exchanges, only if they feel they have the fund.

it's normal for exchange services to charge fee. In some exchange they charge 0.3%-1% for every trade and transactions

They used fee from their users to operate business such as, software development, hardware support, team sallary and etc.It's worthed as you use their service to trade your coin


If you think they steal from you, i guess no. Just you bit lazy to read their document such as services fee. From the begining they already provide information, and users should read it carefully. If users dont want to pay fee so dont agree with TOS and don't signup

Rest assured that they are not stealing from you. Fees are always there. In fact, to a certain extent, fees are necessary. It is where the profit of the exchange comes from. They sure need that or else they will stop their operation altogether. Fees are necessary to fund their staff to make sure everything's running pretty well, safe, and secured.

And 0.25% is not that big a deal. That's still within the minimal level. Please bear with it because it cannot be taken out.

OK tell me one thing why someone will work free for you, they're not steeling if you go to their fee schedule they told you about fees already, they've designed the best exchange, they do advertising, they've employees, bots, why they established everything, they aren't running an NGO. I hope you get it

You have to read the TOS of the exchange, and if that is not included, that's the time you can say they steal money from you.
Fee is just normal, it's the life blood of every exchange, without it, they can't continue their service since they are all profit oriented business.

Yes this is normal. All transactions have fees. So make all your transactions meaningful. Like us, they need to earn also coming from our fees. We are having their service so they need to charge some fees . It's up to you on how to save your money and make your fees worth it. Make sense it is normal scenario in every transactions.

Fee payment is simply means transaction charges, which some Exchange platform called it Gas, to enable the token to move out from one wallet to another. Therefore, the fee payment has been implemented right from time, even our local bank charges and even worst.

The 0.25% they charge you is for the trade fee and not gas fee. Trade fee is charged on an exchange while gas fee is charged during wallet to wallet transactions or during withdrawal on exchange.
Not that the gas fee goes to miners and trade fee on an exchange goes to the management and the funds are used in running and maintaining the exchange.

Well, the companies are charging you for the services they provide ,plus you will need to pay more  Bitcoin when the network is congested.
So you will continue to be charged more as long as you use wallets provided by companies and make transfers when the network is congested

I know that mate we ought to pay miners for their job and the ability to maintain the whole crypto ecosystem that's the fact and I'm eager to pay for it but I was talking about the fees of the exchange, that sometimes do not correspond to the level of services they provide.

Getting a domain isn't free.
Building up the system of an exchange isn't free.
Having a security of their website isn't free.
If you are complaining about why we have to pay the fee, stop using any service. Miners are getting paid to secure transactions and they aren't doing it for free. Same goes for exchanges.

Simply because it costs resources to provide the transaction service, either if it's btc or normal wiring.

I think it's a normal thing for every crypto to replace their service sending your money. that includes a lower cost than you use the services of a traditional bank. with fast service and you do not need to queue up with good data recording without being known by other parties, guaranteed the security of your transaction.

Well in my simple opinion, if you can pay charges willingly on binance, kucoin or hotbit platforms
Then it is only natural that changelly charges little fee  too

It’s their platform and also  a source of income for them too.
Manage the fees or go for a cheaper platform

That's a good question. Centralized exchanges and services depend on the fees we pay them. Decentralized platforms and cryptocurrencies also charge fees to pay miners and node owners for their services. One of the main reason is to prevent someone to spam the network.

Currently liquidity seems to be more important for a lot of users, but eventually users will only go with the services charging near to zero fees if not zero.

I will understand if that exchange do it for the meanwhile and its part of their promo but it won't last long.
But it's unusual to see an exchange that has no fee. I think there is one and its robinhood but I haven't used them and I don't know the condition for its free withdrawal.

I also do not like to pay fees for transferring my money from wallet to wallet. However, this is how blockchain works and payment of a commission is necessary. This makes you learn to be careful about your coins and think through all transactions in advance.

yes, the fee is compensation from the price we pay for the services we use. we can adjust the nominal according to the speed and effectiveness of the transaction we want. However, there is always a minimum limit set by the exchange, and we must abide by it.

I have not met such exchanges. There are birdies that give a discount on commissions for the first time or forever, but that would not be completely free. Otherwise, what is the point of creating and holding an exchange for its creators?
As in the case of banks, everywhere in such services we pay for the provision of these services.

Most exchanges will charge us the fees when making some transactions. It is like when you use your bank account, sometimes, you need to pay fees for certain kind of transactions. However, the fees will be various depending on each coin and exchange. nd the fees for transferring, withdrawal, deposit, or trading will be also different. Sometimes, some exchanges are free of the fee, but it is very small possibilities. The exchanges also want to get the money when you use their platform, nothing is free right now.

Every transaction we do, there must be a fee that we must pay. Exchangers must charge fees for operational costs and I think this is reasonable. I agree that this is like a bank, when we use their services, we are charged for the continuity of their operations

We all need high security when trading our tokens, right?

If there were no fees to pay the exchanges for their services,  do you think anyone in this world would ensure you a good security level for free? I doubt it.

if in my opinion it might be normal, not in the part that we are working on right now, the transfer part if there is a difference between the banks, there must be consequences for us to pay even though 0.1%, but clearly all elements remain so

Nothing is absolutely free, some of those exchanges run certain maintenances, some have physical offices and staff that they pay salaries to. Fees are necessary to keep an exchange running except they are other ways the exchange intend to raise funds. I do not believe exchanges that promise a free to trade as majority of the upcoming ones have not launched till date.

Fee is very essential because they actually need money for maintenance and with fees they will generate income. Moreover nothing is free in this world anything free is worthless. Fee is still a good thing to me. Since they have no other way to generate fund.

If we will not pay tthe fee then the system or the exchange will stop in a long or short run.
This fee will maintain the work of their developer and tech.
remember that we are not in 2017 anymore when those exchange are running for tokens to be listed, we are now at the present which tokejns need to pay to be listed!

I agree.  You need to pay.  Such rules of the cryptocurrency world.  It seems to me that only those people who are greedy for money are indignant.  Need for money is easier.

Dude, we are in the word of trading business so if you are one of the traders it means you are always in different exchange platform.
Then in every trading there is of course a transaction fee, and this was a normal things. And you are absolutely wrong that they are stealing
their clients through transaction charge. Have you ever see an exchange didn't charge any fee for each transaction? if there is, what exchange is that?

It's normal to pay fees because the service you've enjoying was developed with money and they need money to maintain the project. Most of the platforms you see online have offline offices with employees, you earn their livelihood from the project. No one is stealing from you by charging fees.

The best thing is to find an exchange that works for you whether low fees or security wise. I will advice you go for secured exchanges rather than those who charge low fees and will then give yiu  a heart attack later.

Fees are pay from Bitcoin owners to bitcoin miners for his work