Satoshis left on exchanges

[BTCBinary]

I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

[1714911557]

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[BellaBitBit]

I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

Good question.  If one Satoshi would ever become valuable then people would deeply regret keeping even a few satoshis on an exchange.  There would be no recourse because I am sure there is an agreement made when using the exchanges service that there is a fee. Maybe if exchanges had a pop up, prior to depositing, that there is a withdraw fee because for some you dont know until you have to withdraw.

[DimensionZ]

I don't know why you would care so much about dust anyways if it's less than 1 mbtc it's nothing to worry about. It's like you were at a bar and left the waitress a tip do you care about that money too?

[Anddos]

I'm not so sure that it's just small change. All put together it could add up to a pretty nice number. The OP's on to something.

[calkob]

If a satoshi ever becomes worth any thing, i wont be moping about worrying about the few thousand satoshi left in exchanges, besides i'll be to busy spending my millions on yachts, women, and whisky........

[BTCBinary]

yeah but the thing is... it becomes another way for exchanges to make even more profits out of our money.
Its not jus some satoshis... its millions of satoshis counting with a lot of players...

[virtualdn]

All these satoshi together can make some nice Bitcoins. Well..if 1 satoshi will value much more one day we will sure miss those left

[Raimonn]

I suppose that if some day bitcoin prices goes too high, the exchanges will lower their fees, and you could take off your satoshis from the exchange paying 10 or 100 satoshis fee (but you will need a bitcoin price very higher than now).

[mtnsaa]

If a satoshi ever becomes worth any thing, i wont be moping about worrying about the few thousand satoshi left in exchanges, besides i'll be to busy spending my millions on yachts, women, and whisky........

Exactly, who cares, is like saying if you had 1 million BTC back in the day who cares about 1 right now. The way things are going I'm not sure how much will 1 BTC be valued at in the next months really, it appears the downtrend is here to stay.

[alani123]

It'd be nice if exchanges could allow users to export private keys of addresses holding small amounts of coins if they wanted to insert them in a wallet. It'd be the cheapest and most efficient method to them to let users remove small amounts of coins. It'd likely require changes in the infrastructures though, like not using shared addresses and making the address unused/removing its balance from the account after the key is exported.

[simon66]

I have not had a problem with satoshis left on exchanges. There are things you should do BEFORE sending coin to any exchange.

1. Check the wallets at both sending and receiving exchanges o make sure they are working and not in maintenance.

2. If you are sending a shitcoin check the block explorer first to make sure your transaction is possible and get an idea of the confirmation time or blocktime.

3. Check out the minimum withdrawal limits and the minimum trade limits and fees at both sending and receiving exchanges.

I have had troubles arbing without going through the due diligence of these checks first and these things should keep you from getting coin stuck places.

[richardsNY]

I don't really care about the few Satoshi's that I have left on exchanges. I remember from the time that I was trading altcoins at Bittrex that they were offering a way to null your balance at your approval. If I had the same option at other exchanges, then I would clean them all.

[NamedUser]

You could always import the private key into electrum and use the unspent outputs as a fee for another transaction.

[7788bitcoin]

You could always import the private key into electrum and use the unspent outputs as a fee for another transaction.

I don't think the exchanges will share the private keys with you. They hold the keys and you "TRUST" them.

[maokoto]

I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

That is a very good poing. I guess that yes, they keep them, which makes the exchange somewhat more profitable. However, user may get some more satoshis and sum them with the ones in the exchange to finally withdraw all.

[jerowacik]

yes good opinions. instead satoshi missing is the fee payment to the owner of an online wallet? is there a different opinion?

[The Sceptical Chymist]

OP, how many satoshis are you talking about, roughly?  I agree with you that it's a great way for exchanges to skim from their customers if they were so inclined, but as of right now the future of bitcoin is uncertain and as of right now any amount of satoshis in the thousands is just dust.  Not worth worrying about.  And there are ways to get it out, like trading altcoins and such.  It's not like you can never recover those satoshis.

[cointinflas]

I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

Good question.  If one Satoshi would ever become valuable then people would deeply regret keeping even a few satoshis on an exchange.  There would be no recourse because I am sure there is an agreement made when using the exchanges service that there is a fee. Maybe if exchanges had a pop up, prior to depositing, that there is a withdraw fee because for some you dont know until you have to withdraw.

If the remainings are smaller than the fees, why bother? I don't understand this discussion. Fees are the price to pay for the confort of having an exchange at one's disposal...

[franky1]

I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

usually you would swap the bitcoin satoshi's for litecoin or ripple and then withdraw them. and then combine them into one exchange to convert back to bitcoin to a worthy amount to withdraw as bitcoin

[doubleredrolex]

I don't leave dust on exchanges. I just withdraw it all or invest it all. Im not too concerned about 2 or 3 cents worth. The only place i have any tiny amounts sometimes are on my BTC debit card site.