Satoshis left on exchanges

[Rude Boy]

I have a question!

you'll never come back to that exchange again? If you again use that exchange, than probably you didn't lost those satoshis.

[1714146533]

1714146533

[1714146533]

1714146533

[1714146533]

1714146533

[1714146533]

1714146533

[1714146533]

1714146533

[Kakmakr]

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

If Satoshi's becomes more valuable the fees will be lower than what it is now and you would be able to withdraw it. I hope that makes sense? Let's say you have 30 000 Satoshi in the exchange and the current price for that is US 0,1119 cents and the fee to withdraw it is a minimum of $1, then you would be unable to withdraw it.

Let's say in the future that same Satoshi is valued at US $5, and the fees are still $1 to withdraw, then you would be able to withdraw much more of those Satoshi's. ^smile^

[DimensionZ]

Don't the fees depend on the TX and are not correlated to the price of Bitcoin at that given moment? I would guess the fees increase exponentially with the bitcoin difficulty to mine it.

[WhatTheGox]

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?

If the time it takes to return the satoshis is not worth the reward to do it it wont happen.  I should imagine many people are the same as you i know i have everal exchanges with small amounts on which i likely will just leave forever.

[arbitrage]

Same story was with some pools for mining.
My satoshis are still there..And many others parts of LTC DOGE..
Probably they collect them at the end when decide to stop their services..
 example***http://pool.itzod.ru/

[sirdevil]

Same story was with some pools for mining.
My satoshis are still there..And many others parts of LTC DOGE..
Probably they collect them at the end when decide to stop their services..
 example***http://pool.itzod.ru/

They would need thousands of forgotten satoshi balances for it to even make any difference... I don't see any reason to worry about this.

[1Referee]

I have never Satoshi's left on an exchange because when I withdraw my coins, I withdraw my entire balance. It's very simple, isn't it?

[xuan87]

I dont think the site must responsible, because it is not the site that scam your money, it just the fee that you need to pay in order to used the exchanger site, even when you want to buy bitcoin, there is also a limit of the minimum

so i think just let it go

[tiggytomb]

I have a few around the place not amounting to anything so am just happy to leave them there.

An idea for the exchanges could be to put a time limit on the dust in peoples accounts and have the user opt in, then after a given time, perhaps 1 year or 2 year the dust goes into a faucet on the site, at least then it will come back to the community rather then the exchanges.

[BitcoinHunt3r]

same condition but i still use that exchange site so why worry about satoshis that you  you are going to use later.
different condition if i not gonna the exchange service anymore i withdraw all my money from the site

[labwork]

I have lost count of how many satoshis I've left behind in lost wallets (online or not) and exchanges. Not to mention Mt. Gox 

[kevin go]

for me try to withdraw all satoshi in there including the fee so its mean we got no more left..isnt like that?correct me if im wrong..

[ikydesu]

The fees is depends on the exchange itself, I'm not really sure if the site who just take more fees than other must responsible for it, because you need to read first their agreement. Anyway they not scammed you right, so I think I'm disagree with OP means.
And the important thing is don't store your assets on exchange, use cold wallet for saving it.

[XCASH]

The exchanges are running businesses for profit, not charities. They tell you that they charge you fees for trades and withdrawals when you register. Those fees add up to more than their minimum withdrawal limits. I'm happy to let them have a tiny bit of dust. It's only worth a few cents at most, and you could quickly and easily buy or earn it if you want to replace it.

[bitlost]

There's so many important things to worry about, to wast time discussing lost satoshis... this discussion will only make any sense once satoshis are worth a few cents of dollars

[MedaR]

I have One btc e account lock on IP address.
I just tried to explore all those security precautions, but soon i have realized after accident electricity failure , I've lost possibility to log on to my account.
Thank god i have only around 0.04btc there..

[bitcoinboy12]

Good one, never thought about the satoshis left in each walet, collectively they sure are worthy enough and the exchanges are getting them for free.

[franky1]

Don't the fees depend on the TX and are not correlated to the price of Bitcoin at that given moment? I would guess the fees increase exponentially with the bitcoin difficulty to mine it.

BEFORE the 2013 inception of blockstream, tx fee's were tagged roughly against the fiat value.. basically when bitcoins fiat price rose to cause the tx fee minimum to be more than 1cent. the decimal was moved down so that the tx fee remained below 1 cent.

but now the corporate shell has done away with that standard and although miners do not need tx fee's as a income stream for atleast 20 years, the corporate shell are giving into greedy and ignoring the communities desire for something better than corporate greed.

so while blockstream hold the keys. dont expect fee's for normal bitcoin transactions to be less than 1cent ever again. you have more chance of getting your satoshi out by converting them into altcoins

[krunox123]

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?

For a moment, I thought you said Satoshi Nakamoto left an exchange website.

Anyway, I always had a few hundred satoshis left on exchange website because I cannot withdraw them (insufficient fund to cover the fees). It is dusts though, but I'd love to withdraw them if possible.
Well, if I want to withdraw those satoshis, I'll do it another time when I want to withdraw my coins from the exchange website.

[Kprawn]

I wonder what will happen if you close the account... would it not refund you to a withdrawal address? I had some Satoshi's tied up in some of these

cloud mining websites, but it quickly evaporated when the service fee's caught up with me. I also have some Satoshi's in wallet providers, when I tested

it and I forgot my password and the answer to the security questions. Just write them off... the service provider will sweep them up eventually.