https://shorelinecrypto.com/market/DOGE-NENGClarification on ZERO WITHDRAW FEE POLICY
ShorelineCrypto is the only exchange that offer zero withdraw fee policy to encourage users not to store coins at exchange. The
minimum balance per account and per coin is set up to ensure the miners fees are covered. The traders at exchange only pay miner fees essentially. Miner fees are
determined at each blockchain for each transactions while exchange charges no fees for withdraw.
What about remaining residual balance?
This is left over amount, minimum balance minus the miner fees. Take doge as example, minimum balance is 2 DOGE, miner fees more or less around 1 DOGE.
Your account will be left with 1 DOGE residual amount that can not be withdrawn. However, you can trade this 1 DOGE and buy NewEnglandcoin(NENG) and withdraw NENG instead. At current
trading price, 1 DOGE you can buy 73926 NENG and withdraw 73924 NENG to your own wallet.
The above residual left over 1 DOGE concept can be applied to other coins too. Yes, there might be left over coins of BTC or LTC or others, but you can always trade to DOGE or NENG and withdraw
virtually all the left over values to your own wallet.
In short, ShorelineCrypto ZERO withdraw fee policy is true zero fee policy that you can obtain easily.
Show Posts
