Bitcoin Forum

Altcoin nowadays are listed on some exchange which has high fees.  I tried to trade to increase my portfolio despite of this situation but still useless because of the amount of fee is when it comes withdrawal.!

 Is this normal because of the current situation of market?  Or a normal amount of  fee especially if the exchange is not yet popular?

Trading fees don't tend to be more than 0.25% with a lot now at 0.1% or less. As for withdrawal fees they're normally a fixed amount and for some coins on some exchanges are ridiculously high when considering usd amount. It also largely depends on how much capital you are trading with given the fees are fixed, if you're trading with a small amount then the fees will hit you too hard to be able to profit.

Yeah, the fees on some exchanges are indeed horrendous :P. You cannot use too little amounts of money for trading for exactly this reason, the fees will eat away your small profit pretty quickly without you even noticing.

Gotta be careful.

Yeah i have also experienced this especially hitbtc and a few others charge very high amount of coins as a withdrawal fee which is not right, sometimes we do not have any option because the intended coin or token is only available at a specific exchange, i think we should discourage such exchanges by not using them so that they realize that they are charging very high fee and then start charging less fee.

The minimum fees on mercatox are quite high so you need to build up a fair pot of coin before you withdraw it. Hopefully these new decentralised exchanges will be easy to use, reliable, and more importantly have cheap fees

After increasing the exchange fee for BINANCE, I am looking for an alternative exchange.

It is difficult to find a stock exchange with the same security and cheap withdrawal fee.

I have always known of such fees to be on the high side but also worthy of mentioning is the fact that the current market situation has in a way contributed to it. There are many factors responsible for the situation including the peculiarity of the exchanges.

That's why i'm using Binance with 0,075% fee, Kucoin with 0,05% and Bilaxy with 0.1% . Soon starting new exchange with 0% fee..

It's true that some exchange fees are really expensive. Decentralized exchange also requires you to hold some Eth to pay the gas price when trading, which is I think a hassle if you are just going to buy or sell a little amount of a certain cryptocurrency.

Fees are high, but nothing to do, you may try to increase your trading volume but most traders are little players so only whales enjoy lower fees.

This what sucks sometimes when we just need to sell that coin that seems to only to pump now but then we are lose in fee or we need to pay more in fee than we seek or buy.

Usually, fee depends on the coin you want withdraw. It is true that on many exchanges these fees are very high. I usually change altcoins to Litecoin - from my observations LTC has the smallest fee. Try in that way ;)

Can you tell me which exchange that applied highfees? I remember just like hitbtc was charging more than $50 for everywithdrawal from their exchange site. It's not normal basically that doesn't make sense to see that. if that was a not popular exchange and they must apply a little fees for withdrawal. but they are very greedy.

Could you please mention the exchange name? Because I trade in Hitbtc, Bianance, Kucoin, Coinbene and Bibox exchangers and every exchange takes a decent amount as a withdrawal fee.  Almost 4 USD is a common withdrawal fee, if some exchanges take more than 4, then you should avoid that exchanger.

if the exchange is not yet popular you can really expect that the fee is high, because they don't have funds to run the exchange without a high commission if there is not enough trading.

if exchanges is centralized i can understand why fee is so high, try use real decentralized exchange like forkdelta or etherdelta..

It should not be that way, how can they attract more traders to use their platform if they've got a huge fees, but in contrary maybe it is the only way that they can generate profits and take care of securities, we do have decentralized platform where you can trade your coins else, wait for bigger exchange to list your coins for much lower fees.

exchange platform is very helpful for us as a place to buy or sell our assets and I think this is normal, a fee is a reply because we have used the platform. so if we are not happy with high fees, then we can trade in other exchanges that have a low fee.

How do you trade? that also depends on your withdrawal strategy.

I think you are taking out your balance immediately when you have earned at least a little. Try to change the habit when you withdraw and only withdraw when you have earned that much so you can save yourself from high fees. If you are withdrawing every time you trade, you will definitely obliged and moved by those fees.

It does not depend on the situation on the market, they usually try to exchange small amounts, which are almost half divided by commission fees. So it is better for you to accumulate a large amount for exchange or to search for an stock exchange with small commissions.

You might be able to save yourself some money buy trading the coin you are interested in on a different exchange. I would recommend having a look here: https://coinbuddy.co/coins

For each coin, it gives a nice breakdown of where to buy, price, volume, trading pairs, maker fee, taker fee, and withdrawal fee.

Also consider that sometimes it's the coin's fault, not the exchange's. If you look at coins like Stellar or Nano that are essentially free to transact, exchange fees are equally low - the equivalent of a fraction of a cent. If you are trading some trashcoin that has high fees for any transaction, then the exchanges have no choice but to put their fees up - they can't take a significant loss on every withdrawal.

There are too many exchanges that list shitcoins.
They think they can do whatever they want regarding fees because they're the only ones listing those coins.
Not much you can do about it except to wait until a better exchange lists your coin.

Except for the fee for BTC and ETH, I see with altcoin most of the exchanges do not have too high fees. That is normal.
Also if you try to trade altcoin with a volume under 0.005 BTC then that is not much profit in return for the fee.

Thats your choice on where to buy and what to buy.if you dont have big amount of capital then better buy for a coins that is listed in low required fees,this is our own call dude and no one can do for you

You can use some exchange that is not popular but brining goodprofit for their subscribers.its just you need to make research for all of this

since there is no regulation and also since there is little competition in some cases of exchanges, that means they can do whatever they want and charge whatever high fees they want. additionally there are a lot of other negative aspects to this which makes the whole exchange platforms bad such as the lack of security and lack of support.
it is normal and we can't do anything about it. take a look at decentralized exchanges, we need to eventually move away from these bad centralized ones.

One of the top priorities when choosing an exchange is to check their trading and withdrawal fees. By the way, what type of exchange are you using? If that will be a decentralized exchange, withdrawal and trading fees depends on the blockchain traffics but for centralized exchange, they only collects low fees and already have a set fees posted on the FAQ page. LTC and DOGE are the best picks when processing a withdrawal because they only collects low withdrawal fee and fast transaction going to your wallet.

This is actually ironic that many exchanges are charging their customers high fees when in fact the market is flooded with new cryptocurrency exchanges and more are in the drawing boards right now. I am sure this is just a clear case of exploiting the market especially the sellers of the altcoins who can be desperate to unload their hold even if the fees can be high. These exchanges are maximizing their own existence maybe as soon we don't know which of these many exchanges will eventually survive so they might as well strike when the iron is still hot.

Those exchanges are milking us being a traders as they can increase their fees without further notice. This is the reason why we have many exchanges as this business is profitable. I just hope that they are fair to us being their costumers.

There is also reason why some exchanges doing that. As I've heard, due to huge traffic in blockchain confirmation they might increase their fees in order to fasten the transaction and delays will be minimize. But it is sad that, the community misunderstood such things especially for the traders cause it will affect also their gains.

I have never withdraw with a large fee at alt,usually like to exchange one alt that has a low fee and I apply it when withdraw.If the fee in the trade is good enough imo and tether the profit which is further from the fee then I don't think that is a problem.

I did this method, converting to several coins that used a low fee when withdrawing, in my opinion it was enough to reduce costs, as Dogecoin had a very low fee

The case of HitBTC is curious since this exchange also charges deposit fees which seems totally ridiculous to me. Withdrawal fees rose sharply last year when bitcoin fees went up. Now it happens that the bitcoin fees are very low, you can move bitcoin almost free, but the exchanges have not lowered their fees. Besides, they put several withdrawals in a single transaction, with which they earn even more money.

If you want to be short term trader and only have small capital for trading then you should choose the trading pairs which available on the exchanges where the fees is much lower but normally most of the exchanges have higher fees even the network has no traffinc because they have fixed these feees structure because if the centralized exchanges.

I agree with you and i think OP was not trading i think he's doing withdrawal of his coins bit by bit which is more pain in the pocket because of their fixed fees. I would suggest that when done in trading withdraw them all at once to save more bucks than trading it bit by bit which is consuming too much of your money.

You can not display your own Altcoins now and wait until the price increases several times, then sell them. I would do that

This has been a problem from some tokens, I don't know what is the advantages from the devs perspective of a project to enlist their tokens from an exchange that impose High fees regardless of their tokens and their volume, the end point is that you should do some research not just on the projects but to the exchange that they are currently listed, there are some faulty exchanges from my experience so be diligent to deal specifically if you are planning to invest large capital, you can also determine by their reputation.

Luckily my local forum did not charge or change their transaction fee over 4 years.
I'm pretty sure that every country have their local exchange,right ?

Usually higher cost of fee because it's international exchange so maybe they need to adjust their cost operation world wide !

Those kind of exchanges are just greedy and they raise the fee so they can get money from the user.

I advise that you stop using that kind of exchange you will lose a lot of money in fee try to use some other exchange sites.

 

It depends on the exchanges. Fees differ based on coins, market values, traffic and etc. I had to fall into this high fees last year when the values were in peak. Had to spend minimum 3 dollars for fees and thats how it was for everyone. but the fees differed based on the exchanges.

Yes , The fees on some exchainges are high so much , But if we are not happy with high fees ,then we can trade in other exchanges that have a low fee

When you do trade into small amounts then expect fees would surely affect your profits but I would say most exchange would really have almost the same rates or being asked when it comes
to fees.The only problem here is that you do engage on small amounts that's why you would really feel those deductions.So therefore its much better to make those amounts big before making
any withdrawals so that you wont really be stressed out when you do tend to withdraw.

Yes it is true that there are some exchanges collecting high fees when having a transaction for them but if the reason is for the security not of being greedy then its okay, leave and find another exchange if the reason is to boost their profit.

After trading and cashing out, I would convert my btc to ETH because ETH withdrawals are cheaper than btc that costs a lot. I would also go for ETH pairs on trading, not unless that alts you have has no ETH pair.

They have some exchanges site even they not popular they will set high transaction fee when you withdraw your coins.
But depends to the exchanges site if they set high fees or not. Some of them say they base on the blockchain even they not true.

We had no choice because there is no regulation for this, fees implementation on the different exchange is according to their own perspective, so find an exchange that will give a low fee and fast transaction.

This is also i can't understand what is the basis of some exchange charge a highest transaction
Bitcoin and all altcoins are now is in th lowest value
But i suggest to you mate not all exchange has have a high transaction fees
You can choose exchange with have fair transaction fees to their user

You're right! But the problem is that,  when your coin is just listed on that certain exchanges and you don't have other option for these rather to used that exchange.
We know it is a big deduction to our withdraws but we can't do to make it stop since they are setting such fees.  We just have to accept it or wait for another exchange.

It will be pain in the ass if its listed on one exchange and your fee is almost half of the value of your coin, sometimes it good to do trading when we have bigger volume to trade so fees will not be wasted.

This is where we are retested with value and also high-cost exchange. Maybe we will be forced into an exchange with high prices if the coin is very valuable, but if indeed the coin has a low price then waiting for another exchange.

Everyone will be forced to register or use that small exchange site. Then all of controls over that exchange site will be controlled by the team that owned that exchange.
I just try to give you an example just like hitbtc was charging a lot of fees for withdrawal. that means the users must pay more for that.

in my opinion a high fees will have a negative impact on the market exchange itself because surely traders will feel burdened and will eventually leave the market exchange by looking for others market exchange.

Look at BitGrail as an example. When Nano was first released (at the time called RaiBlocks), it only traded on this small exchange. There were so many problems it was unreal. High fees, delayed deposits, slow or frozen withdrawals, frozen accounts, funds disappearing, very shady KYC, and then the owner exit scammer and stole millions of Nano.

Using an unknown exchange to trade some unknown altcoin is hardly ever worth it. You are much more likely to be scammed than you are to see the 100x returns you are all dreaming of.

some exchangers do set a fee, and are not determined by the percentage. like hitbtc, they don't use the percentage to withdraw from their exchanger, it is very profitable for whales, but it is very detrimental to small traders

it's always a very important question what to choose between security and price.

I think that soon there will be exchanges with minimal commissions on the conclusion. Or use a decentralized exchange with small commissions.

That's right, changing coins to other types of coins will reduce shipping costs. However, if the exchange does not provide certain types of coins or a very large price difference then it will also result in other losses. So basically we must really think carefully if we will do that.

Try to see if you can lower the amount needed for withdrawal and if you cannot find that then try to find if that is the standard fee, there are exchanges that naturally allow you to adjust your fee depending on your preferences but there are others that are making money with the excuse of giving you a service which is not true, they are just trying to get some money out of you in the case you do not come back.

You must also take into account the fact if the government of our state legalizes cryptocurrency, which will not require the payment of taxes. And this is definitely either each user will pay tax, or there will be a large percentage on exchangers.

the tax applied on VAT does not relate significantly to fees, the increase in fees in the central market is absolute because of their own system policies, it seems to apply because the fees for each market are different, I am very careful in arbitration with detailed calculations, choosing to exchange them by increasing assets especially first without thinking about fast withdrawals as often as possible.

When i started trading and in that sense, some of the exchanges are familiar with. Yobit is very smooth exchange but fee is horrible and unpair. Recently i think last week i make withdraw 60$ but i got received 56$ in my main wallet what the hell. https://m.idax.mn/#/ this chinese exchange are so cool for trading.    

Most of the exchanges don't have same withdrawal limit and take example of KUCOIN exchange they have withdrawal fees on altcoins like Zilliqa around 40ZIL whereas gate.io have only 10ZIL as fees. I had horrible experience with the bilaxy exchange I deposited 5000pma and than the liquidity on the exchange dropped drastically as well as the price. When I tried to withdraw PMA the fees was around 2500PMA, I was shocked to see this higher fees.

To be honest, I have not yet felt any negative for paying interest on exchange offices. Perhaps indeed today their price is negligible.

Purchase some BNB and trade on Binance at 0,075% or purchase KCS or HB and trade on Kucoin and Huobi at 0,05%

Yes you are right in the point, that it depends on the withdrawal strategy. For example earlier I liked to trade on poloniex exchange , but if you are going often to withdraw your assets from this exchange to your wallet, it costs too much, especially if you trade and withdraw ER-20 tokens.

We were trying to run away from Shylock banks and now we're having to contend with exchanges. Withdrawal fee of 100k Satoshi when transaction fee is only a few thousand Satoshi is unexplainable. I most of the time have my coins exchanged to Doge, before moving them out of the exchanges and that saves cost for me.

Most Decentralized exchanges has huge fees and i'm not fan to trade there. But if you have bulk orders of coins and you really wanted to dump a coins-DEX is what you're looking for.

Yobit is a terrible exchange if you take the time to look at the amount of scam accusations against exchanges you will see that most of the time yobit is the one with the lead, so if I were you I will consider myself lucky that I got my money back and never trade in that exchange again because next time you could be one of the victims of such exchange.

Gladly I wasn't able to experience that kind of thing while trading at their end. I think am lucky enough of not storing my funds in their exchange, because that's their common concerns being scam accused due to lost funds. You can do trading transactions with binance and hitbtc due to fair fees for every traders withdrawal activities.

Yobit is a bad exchange but their withdraw fee is similiar to that of other exchanges. Basically Bitfinex and Kraken both have a 50000 Sat fee or so for withdraws. So it works out to be $3 or so.

Even though most exchanges can get away these days with free withdraws, they don't want to run into the situation that happened a year ago when it cost $20-30 to get a single transaction to confirm, so they introduced fees.

I think they lowered their fees as a result of the network which is now free of spam, however they still kept their fees. I think the reason why is because they don't want people to deposit $1 every day that they get from their pool and increase the blockchain size when they can instead do it weekly or monthly, hence they charge a small fee.

Fees now are normal, how are you withdrawing your funds? one by one and with each transaction you've got? That's the problem for using not so popular exchange, if your funds are stuck there you don't have choice but to withdraw it. I'm not saying they are scam but they are requiring you to pay too much fee which is going to be an issue to their users. Use only those exchanges that are trusted and verified by the community so avoid those new exchanges.

about exchange i think there are a lot of choice,,
so, just choose an exchange with low fee my friend
https://coinmarketcap.com/rankings/exchanges

Could you please tell me what are the exchanges you are talking about? I never encountered such thing before in Binance.

Lol I think this is the impact of the increasing number of bitcoin users, and adding to the crowded network, of course we need an increasingly expensive fee. each exchange has a different fee, there are 0.0005 btc per transaction such as bittrex, until there is one that reaches 0.001btc per transaction, it is a crazy expensive fee in my opinion

Fees are still fine for me, though I tend to consolidate all my funds into one or two withdrawals twice a month or so from the exchanges I use to minimize fees. Like adaseb said, exchanges raised their fees during the transaction count hike a few months back and didn't put fees back down for whatever reason, though if you only withdraw in medium-sized sums, fees should be under control.

The coinmarketcap top exchanges list doesn't list the respective fees of each exchange, and it's pretty well known which exchanges are most popular.

It all depends on what amounts of coins you are traiding. With big amounts you don't feel that, but with little trades it hurts. For people that are starting adventure with cryptocurrency this fees are really not so low. But in my opinion it all depends on bitcoin price and on fees form miners - that they take for keeping network. Everything will change when Lightning Network will be implemented.. ;)

I think this is normal, and only the development team can enter in exchange or not if the coin that it carries is valuable then the high price in exchange will not be a problem. High exchange rates but being able to carry coins to a place that has a certain name will be many who are eyeing it, and I think people will consider this more.

It's not just the trading fees that reduce you profits, you should take a look at the withdrawal fees as well. If both of these are high then you should pick another exchange, there are new ones coming out every month

Indeed, specially those exchange that are new in the market.. they have a high fee's.. you cannot withdraw such a small amount.. hitbtc also has a high fees, i tried to withdraw my token and the fee for that particular token is higher than what i hold LOL

especially from the results of the bounty or airdrop that we receive. with a small amount of course that can never be traded if the fees for withdrawals are far more expensive than the value of the coins we sell.
especially if the exchange is hitbtc, because it is already known to many people if trading there must complain about the withdrawal fees that are too large.

HitBTC is the worst exchange and has a very high fee every time I withdraw money. Many times I am very upset about this issue but they still refuse and make customers leave this exchange more. Now a lot of new exchanges appear at a much lower cost than current exchanges so if you want a cheap fee when withdrawing money, you should research that exchange and evaluate their community if exchange is good, consider participating in the near future

Currently, only exchange users have a high transaction fee. Why don't you try trading at new exchange like Beaxy, P2PB2B. Beaxy is really a hot exchange and has a relatively high volume volume, more than 100 million dollars traded daily.
You can try the experience there, everything is very safe, I have traded and withdrawn more than $ 3,000 there.

Normal or not it depends on the reputation of the exchanger, if indeed the reputation of their exchanger is good with security and a friendly platform and has large assets and trading volume, then it is very normal if they apply expensive fees.

Look, the truth is that people withdraw in btc, that's why fee is high. I've started to withdraw money in litecoin and ripple and it takes me like 20 cents to send money from oner exchange to another
Also as for exchangers to make btc-fiat conversions, try something reputable , for example Indacoin, their fees aren't high

No doubt, we can find cheaper coin for withdraw. But some idea with the such relations between traders and exchanges kills all convenience and comfort. Instead of trading and all about it we need to find any alternative ways to transfer money. I prefer do not use such exchanges

The only exchange that you can find with little or normal fee are already advanced exchanges, because they have the volume already and are generating enough profit to easily run their system with little amount that they charge, if you calculate the number of volumes that goes on these popular exchanges in a day, you will call them greedy if they still do not offer low fees.

Upcoming or new exchanges cannot afford to do that yet because if they do, they will not be able to keep up with the running’s of the exchange site, which will eventually make them to close down, the only thing they can do is to run promotions to attract users, but there is no way they can beat down the cost of fees till they probably grow in volume too. So, we can either stay with them till they grow or leave for larger exchanges.

the increase in fees in exchange will not be a problem if they increase the service in exchange, become an exchange that continues to grow and likes by many people so it will not be a problem as long as users feel comfortable and safe. for withdrawal if you use bitcoin or ethereum and other expensive altcoins you may be able to use other altcoins such as dogecoin it won't be expensive and there are still many altcoins that can be used for low-cost withdrawal

Recent HitBTC is just as you say they disagree with withdrawals from users. Many members on reddit claim that this exchange is dead.

I've been using it for much longer time period. Till date haven't encountered any issues, but I used to see more negative news getting out of its users. Only issue I encountered is the increased withdrawal fee which is much high compared to rest of the exchanges providing with the similar service. It is good to withdraw before it starts ruling us.

It also works on my part yet i have recently make withdrawals with Hitbtc and i fully agree with that ridiculously high fee that they had set up.
When it comes to issues i think this do happens randomly and for now im considering to leave out completely yet i have already sold out all the tokens that
i do have thats only being traded on Hitbtc.Theres no turning back.

I also sold all the coins I had on this exchange, bought Doge and transferred to another exchange in order not to pay huge commissions. The management of the exchange killed their exchange and I do not understand why they did it, because many traders simply went to other exchanges and hardly any of them would return.

this seems normal, even I have to play my brain to buy altcoins that have lower withdrawal fees, for example dogecoin or XLM, I also feel that some large trading sites take withdrawal fees for ETH and BTC, so it's best to take other choices

You can easily trick it using a coins that have low withdrawal fees. I often using TRX or XLM for sending from exchange to my local exchange.
Only for a coins that i got from bounty it is really painful that they list on small exchange with fewer types of coin, so using ETH is the only choice.

The lowest fees for translation that I saw were in litecoin and waves. In the last coin in general, the commission was about 1 cent for the transfer. That was long ago. Now they say in ripple and stellar is also cheap to make transfers to other exchanges.

Everyone has the right to make withdrawals in any type of crypto. As long as the crypto is still available for exchange. And the alternative that many people might do is use doge for withdrawals at a low cost. But it doesn't matter if you use eth or btc. because everyone has the right for each choice.

But in other side, we shouldn't forget about different price between exchanges. From what i read in here is people should look price of the coin that they want to use as withdrawal. Because if we withdraw big amount of money, 1 satoshi different in dogecoin for example, could be more than exact fee if we withdraw with bitcoin.

agree with your opinion I think if we withdraw assets from the exchange, transaction costs need to be considered and usually to attract bitcoins from exchange costs are quite large, so we have to choose coins that have cheap transaction fees as you mentioned.

It caused by the transaction fees depend on the blockchain and the exchange sites are only putting the fees based on the how much tx fees for each transaction that applied to the blockchain by that time. that's why alternative chain will always become the best solution.

I participated in a few exchanges and found that some exchange fees are high, of course, there are still low exchange rates. Hitbtc and Hotbit fees are quite high; meractox, Bittrex charges quite low.

I remember when I got into some of those exchanges not knowingly. When I got the bounty rewards, I just sent those tokens where it was the best price or the highest turnover.   Only when I went for withdraw I often realized how much I have to pay , but in almost all times there where no other option. It is difficult to understand about the situation now, since i trade only on big exchanges where fees are low.

the high cost of every transaction on the exchange if shared with the comfort and security of the user I don't think is a big problem.

Broo.. There are several coins such as XLM,TRX or USDT that you can use for withdrawal. It has low fees compared to other altcoins.

Are you serious? even if you try to trade on the HITBTC exchange you will find out how important cheap transaction and trading costs are. if you only sell a few and not often you might not feel, but for the daily trader it must be very influential.

Although in reality the amount of transaction costs, it is not balanced with comfort and security as you say.
that's what I think is not balanced with the service that the exchanger gives to its members.

even for each asset we transact and we withdraw have a difference. we must know that before trading in an exchange, because we should not regret making withdrawals with assets that have very expensive costs.

My point is when we use dogecoin for example,we must see price between exchanges that we use to receive our dogecoin. Because when price different only 1-2 satoshi in orderbook, must count it is more than fee in bitcoin or not.

There are many exchanges that is charging the high fees for the withdrawal. Because of this the trader can't withdraw it's coin to convert this to fiat. Also, many low quantity of coins lying on the platform forever until you wouldn't have deposit the same coin. Bittrex and HitBtc always charging the high on withdrawal.

it is not normal. and it is not about the bear market situation. you should check the rules of the exchange platforms. some of them has their own coin and you can reduce the fee by using those coins.

this is what I complain about when trading on large and small exchanges has to pay a very large amount, but in my opinion this is already an exchange rule that is already in effect and I always choose very cheap exchanges to trade but depends on the coins we will sell

I can agree with that sentiment but you always an option if you choose to use it. You can either use dex or go with small exchanges who charge small fees or no fees for deposit and withdrawal. I find older exchanges are more likely to charge heap of fees due to their reputation. Exchanges that are just starting need more people so they will offer you less or no fees. Alternatively, you can wait till old exchanges offer you some kind of discount before withdrawing your alts. that is to say you're not in a rush.

High fees on some exchanges sometimes are due to covering the expenses to keep the website alive, this commonly happens in some low volume exchange for the fact that "few traders = low income for exchange site"
I usually avoid low volume exchange because high fees is pain in the ass plus not reputed.

I try to use exchanges with a high rating, because they are much simpler and interest is much less.  In addition, for me, a large role is played by the functionality and availability of the exchange, where there is a minimum of difficulties, even if there is a large percentage for the use of resources.

I don't complain about the fees of the exchange if the service they provide is convenient and there's no hassle while using them. I think it's okay to complain about the fees if you really think that amount is unacceptable but if its acceptable and not that much, why complain about the fees if you have no problem using them? I usually find these people odd about complaining with the fees though realizing on how much the fee is, it isn't really that much.

I'm glad someone makes a post about this i thought I'm the only one facing the issue,popular exchanges are demanding higher fees for altcoins and its really pain in the ass for me unless i use none too popular exchanges like stex

Do you remember why Binance become the biggest crypto exchange? Due to low fees! So why we should trade anywhere else when Binance has one of the lowest fees?   8)

Except for Binance then Bitmax is an exchange with a much cheaper fee than other exchanges and this is a very famous exchange in the last 4 months so many investors are switching to this exchange a lot. I have personally participated in a lot of different exchanges and really only exchanges with cheap fees can last a long time. Now many other exchanges are appearing and we should consider the options carefully before starting trading

You must know this fact. That there is an exchange that costs far less than the Binance Exchange. That is the Bcnex Exchange, this exchange is the official launch soon. And not only is the cost low, but in other cases such as deposits are also very fast. You can see all the details of the Bcnex Exchange here: https://medium.com/@bcnex/bcnex-overview-what-is-bcnex-at-first-glance-730f752fa2
You will be surprised

Withdrawal fees are almost criminal on some exchanges for some cryptos.  I've seen as high as 20USDT as withdrawal fees, its a nice racket. They shouldn't charge withdrawal fees, trading fees are more than enough for an exchange to operate at a very high level. Withdrawal fees is just greed.

where are you getting an exchange sites were putting a lot of fees to the users? 20 USDT is a lot and that is a non sense fees for me personally. the majority of exchange sites are charged based on how much amount that you wanna withdraw it and the condition of the blockchain of your coin. 20 USDT doesn't make sense at all.

Its your call to choose the best exchange with low transaction fee there are many exchanges available just find the one that will suit you

For transactions over $1 million, it is really a very difficult problem for investors because each of their transactions must pay 0.1% fee. Most long-term investors only want to reduce transaction fees but big exchanges will never do that because it is the profit of the exchange. In my opinion, reducing fee is something that all exchanges need to do during this time because for me this transaction fee is still very high and we should reduce it to 0.02%

but each exchange has a different transaction fee. or different withdrawal fees. there are free trading fees but take high fees when making withdrawals. usually that happens on new exchanges.

I think it ia normal to aome exchange making a high fee than other exchange, if that exchange i really good and making a huge profit for us.
I don't ever need a problem with high fee if that exchange is have a nice service.

Some exchange has high trading fee and withdrawal fee. I will advice you to use Fatbtc exchange they have one of the most friendly trading and withdrawal fee. Binance is also preferable to use

because every coin is not necessarily going to be listed there, so we have to follow where the tokens that we invest are listings, expensive fees in my opinion it's normal but I don't like the new exchange

Binance will charge you a little fee when you are using binance coin as a coin to pay the withdrawal fees but that will not give you cheap fees when you are paying using another native coin like bitcoin or ethereum.

I hate hitbtc for some reason, aside from higher fees, they have minimum amount of token to be traded, unlike other exchangers, it depends on us on how much we be able to trade, i feel safe trading in binance nowadays compared to the hitbtc, which i dont like. Among all the exchangers, okex,binance, latoken were great for me.

Wow, I really just found out about this. Do many people use the Bitstamp Exchange? I personally have never done any transactions there. Because most of the altcoins I have have never been there. And if the Bitstamp exchange has never been a problem, of course it's a good exchange without a fee.

I think it's criminal to charge people so much for withdrawals when clearly, it will rarely cost the exchange so much.

Just yesterday I withdrew a small amount of about $50 and I saw that 20+ inputs were all combined just to send me the money plus I guess send to their other wallet. They consolidated all that and the fee in the end was still ONLY 8k sats. And that was an overestimate.

I'd recommend you to withdraw as a large amount as you can. Flat fees can be less painful if you withdraw a lot of money at once.

What fees are hight for you?

HitBtc is the worst exchange in terms of withdrawal fees and the minimum threshold for limit orders. Even the Hitbtc management put a rough number limit for some crypto pairs which makes hard to get rid of it. In a simple example, I traded my Bitcoin balance for NEO and tried to withdraw my NEO balance. By the way, NEO withdrawals are free of charge on HitBtc too as well as on other exchanges. They don't let me withdraw 20.79 NEO and system gives an error during withdrawal request. After entering the 20 NEO to the withdrawal request line, NEO balance was updated and funds arrived in my personal wallet.

is that serious? without transaction fees? then how do they develop their platform? I have never heard of the exchange. if you have a decent volume, there will be lots of traders interested in the exchange.

That's insane How can they have a high withdrawal fee even they're not that popular?

I came across on some unpopular exchanges but their fees are not high only a few cents if you want to withdraw your coins.

I wonder where they get that idea on making their withdrawal a little bit higher.

I'm not a big fan of hitbtc either. There are dex you can try if you care about fees or go with exchanges that just started, they generally have low fees in the begining which can change overtime so you have to do your digging and find whichever offers you best outcome.

Well take care and check all the exchange before you use

Some exchanges is just rip off, having huge fees on trading and even huge fees on deposit/withdraw
Take extra note

The biggest commissions that I saw were on the bitmex exchange. Well, there is margin trading, as well as an expensive exchange Gate if you do not use points.

That's right, because with value of coins you trade on exchange, you will get a profit. but if a coins that you trade only have a small amount then you will lose your profits because taken by the costs incurred when you trade. because the cost of each exchange is not a same in determining rules regarding this fee

Take HitBTC as an example as far as I remember they do charge out withdrawal fee of 0.01 and it haven't changed ever since.Dont know how pathetic they are
on imposing huge fees even the network status isn't that congested that's why one time when I used up this exchange I do convert it into some alts
and find for the best possible lowest fee.

Meaning to earn profits  from trading, trade highest amount coins traded to avoid that situation the expected profits is goes into  transaction fees. I suggest to try poliniex is convenient to use with low transaction than to other exchange and different coins buy and sell for the traded.

That's why should always check before reporting and start trading in those exchange, hitbtc will charge for both the deposits and withdrawal. In some exchanges they won't charge for deposits and for trading some exchange won't charge any fee. We have to check all these before depositing and withdrawing.

0.01 for ETH right ? i think that's normal because the average of all exchanges is like that now, and I think they will reduce it when the price of the coin continues to rise

I'm also wondering the same thing. I still don't get why some unpopular exchanges have high withdrawal fees. For example, the withdrawal fees of EOS on Coinexchange is 1 EOS while Kucoin only cost 0,1.

You should trade in top exchanges because I don't think the top exchanges will lose a lot of fees when withdrawing, for example you can trade in Binance, Huobi with very low withdrawal fees.
For some small exchanges like Coineal, IDAX with high withdrawals, you should choose Litecoin or XRP to get the lowest withdrawal fee.

The new exchange has reductions in fees and I think were fees are high is in the old exchange. We have some old exchanges that withdraw charges are extremely high and if you are to sell tokens there it will be used less. Competition is increasing and as such we should expect no fees in future when the decentralised system is fully implemented.

As far as I know, Bitstamp doesn't require any withdrawal fee from traders. It is free to make a withdrawal request but they use multisignature addresses for both BTC and ETH withdrawal and they made new rules regarding withdrawal fees. Their new updated fees will go into effect after 1 August. New fees are expected as 0.0005 BTC per Bitcoin withdrawal and 0.001 ETH per Ethereum withdrawal.

But with tough competition, new and small exchanges tend to have lower fees. But one disadvantage is the difficulty of trading your coin with them, as they usually have no volume or very slow movement in trading. So it depends on you as a trader, if you need fast movement or you are willing to wait for the sake of getting low withdrawal fees.

YoBit takes the cake with a 500 DOGE withdrawal fee or 0.01BTC withdrawal fee.

Not come across any other exchange with such a high fee structure for withdrawals.

Is is one of the reasons Decentralized exchanges are better that Cex. The monopoly they exert on the market is enough to impact it negatively. It is the more reason why I rate kucoin high too because of its keen interest in minimising platform trade fees

traders will like exchanges with cheap transaction fees and cheap withdrawals. When exchanging it, I think the exchange will be a favorite of traders and have a high trade. although the benefits obtained are also not so great compared to the benefits of other exchanges.

Yes Yobit Exchange.   I sent some funds there to try out their investbox. I didn't meet the criteria for returns. I was able to withdraw my funds without any issues - had to convert to LTC to save withdrawal fees.

Almost all exchanges now require expensive fees for withdrawal, this will be difficult for those small players. But this can be overcome by making a withdrawal several months so that it doesn't cost too much, or you can also use altcoins that still have low withdrawal fees

There is no doubt in my mind that Stakenet DEX will be extremely popular, based on reading this topic, haha.

Near instant transactions, close to no fees using lightning.
It's the perfect combination really. Speed, and low fees. Best of both worlds!

You have to be careful with investbox on yobit, many people who have been deceived there don't let you be fooled, if you have managed to withdraw your money there, never again to try to put it there again

Yes I agree, I read about many people having problems with Yobit.  I will not be sending any more coins to YoBit, it's too risky!

If the exchanges can give the best things for us, then I don't mind to pay the high fee because I don't want to get any trouble in deposit or withdraw or any other things. That is normal if many exchanges apply the high fees for withdrawing because they need to pay the fee of the hosting, maintenance website and else. But we have many options to join in the exchange, and we don't like with one exchange, we can move to the other exchanges.

When people doing crypto trading as a main profession then they will look for an exchange with very low fee and this kind of people needed for the exchanges to gain the reputation among the market. So they need to provide best thing with cheap prices to gain reputation and also adoption from the other traders from doing this also they can make more money and also get profits. Simply asking more fee well make them to be in losses after years.