Bitcoin Forum

Suggest me a any good exchanger where Bitcoin withdrawal fee is free or very low-
I have seen withdrawal rates on Ku-Coin and Binance Exchangers where the withdrawal fee is very high for my work.
So I would like to know if there is any good exchanger with the lowest withdrawal fee that you have used.

Kraken BTC withdrawal fee is only 0.00001 BTC (1,000 sats) with a low minimum too (0.0005 BTC). I'm not sure if it will suitable for your activity though, as Kraken doesn't offer as many pairs and products as Binance. What activity/work will you be doing in the exchange?

https://i.postimg.cc/2yjrZpCN/Screenshot-2023-02-05-162509.png

You can visit this site and you can easily select the exchanger according to your needs-  https://withdrawalfees.com/
Personally I would like to recommend to you use Kraken Exchanger for lowest withdrawal fee as FTX is no longer available for serve to you that service  ::)

There's OKX.com. You can withdraw for a 0.0002 BTC fee using the on-chain option or (IIRC) for ~10 satoshis with the lightning network.

Acually I am making a long-term strategy for 10 years where I will invest 10 dollar worth of Bitcoin in every week. That's why I need to find a exchanger where withdrawal fee is close to 0  ::) .
I have already passed two weeks in Binance. But I wanna change those fund from them to a decentralised wallet for more security. And since I have to withdraw a lot times so that I need an exchanger with the lowest withdrawal fee. :)

1000 sat for lightning network.

https://i.imgur.com/I7FVjx5.jpg

Bitcoin withdrawal fee on OKX is still 0.0002 BTC just as you said.

@Library, know that BTCK-OKC fee is zero dollar but it is not bitcoin but pegged with bitcoin. The real bitcoin are only BTC-bitcoin and BTC-lightning.

Oh, then Kraken would be sufficient and suitable for that. You may not be able to withdraw every week though as 10 USD currently is only 0.0004, which doesn't meet the minimum amount (0.0005).

If you're OK with using Lightning Network, then you can try OKX as OmegaStarScream mentioned above.

Withdrawing 10$ like amounts from centralized exchanges it's not worth it, unless you're doing it on LN. Holding for half a year and withdrawing 250$ at once may make more sense[***]
For such low amounts you may:
1*. Find even people on the forum sell you such low amounts.
2**. Find your way to a DEX (see https://kycnot.me/ for example, it has a nice list, although many of them don't accept fiat, but it's easy to find what you need)
3. Go for reputable OTC exchanges. The price may not be as nice as on a CEX, but it may contain all the fees, including the withdrawal (of course, read all the info available).

* Beware, there may be trust issues. Use escrow.
** There's a learning curve for using DEX and selecting trade partners that won't scam you. Even a hones DEX can have dishonest traders, but if you are careful and not rush it, and learn how to do it right, you should be fine.

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[***] Sorry, I've first read 10$/month, hence this late edit.

My advice:
Forget Binance, use Kraken. Read my topic on consolidating small inputs. Get a hardware wallet. Exchange weekly, withdraw each time the withdrawal fee is less than 0.5% of your balance. So if the fee is 1000 sat, withdraw when your balance is more than 0.002 Bitcoin. That's close to once a month at current rates. Don't use LN for long term holding.
Good luck!

So where's the origin of the funds before it was sent to your exchange account? Why don't you just send it directly to a non-custodial wallet first, then do things later on since you can send even a 1 sat/byte fee using a non-custodial wallet.

you can find full detailed list here https://withdrawalfees.com/coins/bitcoin from that site i can give you this short list

• Shakepay:    Withdrawal Fee   FREE               Minimum Withdrawal Amount $2.34 0.0001 BTC
• Kraken:    Withdrawal Fee   $0.23 0.00001 BTCE               Minimum Withdrawal Amount $11.69 0.0005 BTC
• Coinbase:    Withdrawal Fee   $0.54 0.00002322 BTCE               Minimum Withdrawal Amount $2.34 0.0001 BTC
• OKCoin:    Withdrawal Fee   $0.93 0.00004 BTCE               Minimum Withdrawal Amount N/A
• Flyp.me:    Withdrawal Fee   $1.87 0.00008 BTCE               Minimum Withdrawal Amount N/A

In-short for small withdrawal amount (less than $2 OKCoin & Flyp.me) win else use Shakepay

You might wanna try Binance P2P trade, as mostly you can get a very good deal on it, and there are many good verified traders there.

After Binance P2P success where fund will be added? Answer is "Binance so again he will need to withdraw it. First read what OP saying and what he want actually.  He already doing this but he need to withdraw these BTC to Cold wallet.

Binance BTC withdrawal fee is more than 1$ if you passed Kyc2 which is expensive for you because you says that you making every week transaction of 10$ only.
Kraken is best choice so far because fee is only 0.23$ and no big risk involve and everything will be in your hand. All other Cex has high fee and more than 0.5$ which is not recommended for your status.

You requesting for a suggestion on exchange that charges a very low withdrawal fee is not bad but you should know that there are different priorities that one would need to look into before jumping to conclusion. If an exchange fee is kind of low, I hope you would be prepared to meet up with the requirements involved in opening an account with them or otherwise. There are lots of exchange available that charges very little fee for withdrawal but you should not get your funds into scam exchange all in the name of looking for low fee exchange where you can trade and withdraw funds from.  From the above mentioned exchanges by other members all seems reliable and credible but you would do your own research and check reviews to clear your doubt to your satisfaction.

Check with https://www.dubaiotcpay.com (https://www.dubaiotcpay.com), its an Leading Over-The-Counter (OTC) desk for buying and selling top cryptocurrencies in UAE.

Judging by the two posts you wrote in this thread, you didn't mention how you are purchasing your bitcoins. If it's with fiat and you are using a popular payment method, you could consider Bisq for your BTC purchases. It's not only a decentralized exchange, but also a non-custodial and open-source wallet where you can leave your coins the same way you do on Electrum, for example. Whenever you decide to withdraw them elsewhere, you only pay mining fees. It's good because you don't have to withdraw them every week.

The only question is if you will find trading partners willing to sell $10 worth of BTC or if the software allows it.

I don't think there is any exchange charging more than $3 as withdrawal fees after bitcoin lightening. So from the post above here I can see the least is ~0.9$ which I think is normal for you to deal with rather than looking for an exchange with no fee. From my own personal reasons I don't think you should associate with any exchange that charge nothing to withdraw your funds because there is a high probability to lost your funds to cheap scam exchange.
I do avoid free things because most at times they have their own ways of getting it back from you.
Have you take a look at https://www.bestchange.com/?

What are you talking about ? Many Exchanges havent implemented lightening or segwit for withdrawals (just because of their own greed). Most top exchanges (like binance and bybit) charge 0.0002 BTC for withdrawal on the Bitcoin main network, which is equivalent to ~4.59$ according to current prices. OP can withdraw btc on bep-20 smartchain for 0.09$ but it is not recommended to hold btc on other such chains as they are not real btcs and might loose value anytime.

Even as that I don't think $4.5 is much to pay as fee compared with the previous charges. It's better to deal with a reputable exchange than to get involved with a scam exchange where one could easily lost his funds all in the name of trying to reduce some expenses. It would be better majority of exchange get to implement the bitcoin lightening and besides op try to withdraw from other network is very risky because is not secure as the main bitcoin Network.

Its better using Lighting Network although is not supported by many exchange or try segwit native with first bc1 usually its very cheap, I usually pay only less than a dollar per transaction

There are several exchanges that offer low or zero withdrawal fees for Bitcoin, however the specific fees can vary based on market conditions and network congestion. Some exchanges that you may consider with low withdrawal fees are:

1. CoinBase
2. Bitfinex
3. Kraken
4. Bittrex
5. Gemini
It's important to note that while withdrawal fees can be low, other factors such as security, user-interface, and geographical restrictions should also be considered before choosing an exchange. I would recommend doing your own research and comparing multiple options before making a decision.

Thanks You
Regards Sandra99

Unfortunately, many central exchanges (CEXs) have increased their Bitcoin withdrawal fees during the last bull market. At the time, this was due to the high network fees to be able to pay out and send transactions (and greed to make even more money ofc). Sadly, in the current bear market, very few exchanges have reduced their withdrawal fees afterwards.

That's why, unfortunately, it's currently completely pointless to transfer smaller amounts from CEXs to your wallet. This does not make it easy for long-term hodlers.

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I would go with this advice. If you don't want to use OKX, I would go with Kraken. But that's personal preference.

Kraken and OKEx exchange has the lowest withdrawal rate but I am only saying this because these are the top two exchanges I use most times, it is not new that in every bear market withdrawal fees is always lower compared to bull market, so it is only in a bull market you will know which exchange has the lowest withdrawal fee.

It's all a marketing strategy, lower the withdrawal fee in a bear market and increase the withdrawal fee in a bull market.

XT Exchange Bitcoin withdrawal fees are the lowest of the few exchanges I know of.  Because XT exchange withdrawal fee is much lower than Binance exchange, Cuckooin exchange.  And help from any kind of support is very quick to do the transaction.  Due to the volatility of the market, with draw fees are currently a little lower during bear markets.  Withdrawal fees will be higher if the price of Bitcoin is higher in a bull market.

Currently a large amount of my income is deposited directly into the Centralize Exchange. And that's why I can't use non-custodial wallet at in the beginning for this transaction. So I looked for an exchanger where the withdrawal fees would be much lower.
And now I think they purpose of making this thread has been accomplished to me so I am locking this thread now for avoiding spams. Thanks to all for your valuable opinions.