Newbie question about fees

[Bitcoexplorer]

Hello all,

newbie here! Great forum and been reading for few days!
So, I opened an account with the exchange/wallet coins.co.th, and bought 0.01061004 bitcoin from them via 2 bank transfers.
After that, I wanted to transfer my coins to exodus wallet, but I get the message that I don't have enough funds to cover the fee!
Is such a fee normal?
I mean it is more than 40 USD!

Thanks in advance

[ahmadakbari]

I haven't used the wallet you are using but 0.01 Bitcoin for fee is not normal. I think something is wrong. Maybe the amount you enter, is in satoshi or mBTC.

[Bitcoexplorer]

Thanks for reply.

What can I do then? Try another exchange?

[OmegaStarScream]

The wallet/exchange actually displayed a message stating that the fees are 40$ ? I mean If you are trying to withdraw the whole thing and they just told you that you can't cover the fees then It's possible that It will work by lowering the withdrawal amount to 35$ or something. It's impossible for the fees to be that high whether its a simple wallet where you only pay the network fees or an exchange where you pay withdrawal fees but there is a possibility that there is a bug on their end. If the problem persists, you may want to contact them.