exchanges withdrawal fees are getting insanely high!

[eaLiTy]

perhaps centralised exchanges are aware that their days are numbered & ripping off as much as they can while its possible. i also believe that this altcoin boom might not last much longer as BTC is getting rapidly undervalued. will see..

The high transaction charges are not new,had to stop trading alt coins in some exchanges simply because of their high transaction charges one year back and they are still continuing as no one is objecting to it and they are still having plenty of customers ,either everyone has to object and stop trading altogether until they change those tactics by ripping off in the name of transaction charges when the real transaction charges are small . 

[jerry0]

Can someone give list of withdraw fees from highest to lowest with the exchanges?

[Morbid]

cryptopia was asking 29 MAID to withdraw 200 - they are over a buck each. thats more than $30!!!

[bitlateral]

This is one of the unintended side effects of the blockchain phenomenon; that actually nullifies the original intentions of the creator. It is centralization and even worse the impossibility of an average user without significant wealth to climb onto the bandwagon. If you are exchanging small sums like me; you are liable to pay 30% of your investment to get your coins or tokens to a safer place! Incredible!

Yes it is big business and there are comparatively few businesses where you can make so much money in such a short time. I can well imagine; that their days are numbered; because this is going to motivate developers; interested in decentralization and more universal participation of the peoples of the world to seek alternative ways.

I am astounded that although it is such a big business; we still do not have some kind of a watch dog;  an online platform dealing with these exchanges; publishing daily results from their exchange rates. There just does not seem to be any body monitoring them; hardly much user interest either; all are running at breakneck speed to accumulate and trade at any cost; assuming it will all pay back. But that was never the intention of the creators. The main driving force was P2P transactions and and a more decentralized redistribution of wealth; through opening up historically closed gates for the majority of human beings into the secluded financial fortress!

But this all makes one feel that Visa and Pay Pal are after all less greedy than some of these exchanges!

No matter what the reasons, be it the greed of the miners or the heavy costs incurred by the miner (generally exclusive to POW technologies as that of Bitcoin), the manipulation through a new breed of speculators; or the uncontrolled rates imposed by the rather few exchanges; it is not much of competition that these exchanges are confronted with; when you realize that the DLT phenomenon is not restricted to one continent or a nation _ there is apparently not a single exchange in whole Africa!; this is just unashamed and needs to be addressed; just as BCH has addressed some of problems inherent in the good old Bitcoin. Some of these transaction fees may even exceed sometimes the wages of a worker in poor countries! This sure is not the great promise of this otherwise great liberating technology; that has the implicit mission to welcome all the whales and normal fishes into its folds.