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Author Topic: Bitcoin exchange websites without withdrawal fees  (Read 4134 times)
Woshib
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June 17, 2016, 03:09:08 PM
 #1

I noticed that almost all Bitcoin exchange websites I know have a withdrawal fee.
So, I want to know if there are websites that have not this withdrawal fee.
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June 17, 2016, 03:32:10 PM
 #2

you would not find what are your looking for because almost on every exchange will have withdrawal fees but you might be want to considering poloniex or bittrex exchange because they have low fees on every withdrawal but as far i was know there are no altcoins or bitcoin exchange without fees
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June 17, 2016, 03:36:50 PM
 #3

none of exchange don't charge you withdrawal fee unless they're going to make their client's transaction getting rejected by the network because they don't spend any single penny to pay the miners fee



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June 17, 2016, 03:36:59 PM
 #4

I think there are not exchanger website without withdrawal fees but You can buy and sell bitcoin in here and you can choose the fees by your self on currency exchange in this forum.
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June 17, 2016, 03:47:11 PM
 #5

I noticed that almost all Bitcoin exchange websites I know have a withdrawal fee.
So, I want to know if there are websites that have not this withdrawal fee.

If the coin has a minimum fee to get onto the blockchain, the exchange will charge it. Otherwise they'd be taking a loss and why would they want to do that?

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June 17, 2016, 03:50:49 PM
 #6

none of exchange don't charge you withdrawal fee unless they're going to make their client's transaction getting rejected by the network because they don't spend any single penny to pay the miners fee
False. They can in fact pay the transaction fee out of their own pocket without charging the client since most or all of the exchange's profit comes from the trading fees. Some exchanges do just that, for example BTC Markets in Australia.

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June 17, 2016, 03:58:01 PM
 #7

I think you are talking about withdraw fees on perfect money and okpay like processor. They will always have fees on this as payment processor itself also charge certain fee to merchnants sending payment, what i remember is 2% or even higher. So any more % than this is pure commision for exchnager if they take.

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June 17, 2016, 04:03:55 PM
 #8

If they do not put any fee the the withdrawal and other services of you then what will they earn and from where will they get the money to advertise their website and fulfill their expenditures?
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June 17, 2016, 04:15:01 PM
 #9

Yobit's withdrawal fee is 20k sat, which I think is lower than poloniex.  I might be wrong, as it's been a while since I used them.  And that's not too high a fee.  As has been mentioned,  the miners' fee has to be paid.

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June 17, 2016, 04:45:43 PM
 #10

Well there are many exchanges that do allow withdraw without transaction fees but just to ensure that transactions  confirm quickly some of them pay miner fees out of their own pocket like Coinbase.

I think it is better to pay fees so that to ensure a smooth confirmarions on transactions. Wasting a little chunk of btc is better to ensure the confirmation on large chunk.

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June 17, 2016, 04:55:46 PM
 #11

Exchanges are business company, and we all know businesses aim is to get profit, so why they should shoulder your transaction fee?  They might remove the processing fee during withdrawal for the competition sake but i think it will be too much for them to even shoulder your transaction fee when your withdrawing.  But i tknow  one if you consider Coins.ph as exchange platform (Bitcoin to Peso) coz you can withdraw your BTC without deducting transaction fee.

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June 17, 2016, 05:14:54 PM
 #12

Coinbase does not charge a withdrawal fee. The absorb the cost of the fee paid to miners with revenue from other sources such as the 1% fee for wired bank funds.

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June 17, 2016, 06:03:35 PM
 #13

I noticed that almost all Bitcoin exchange websites I know have a withdrawal fee.
So, I want to know if there are websites that have not this withdrawal fee.
bitcoin-altcoin exchange or bitcoin-usd exchange?if you mean bitcoin-usd exchange,you could try coinbase,its almost free from fee when we sent bitcoin to other,but if you looking for altcoin exchange that have no fee,its impossible.
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June 17, 2016, 06:16:43 PM
 #14

I never heard that there is a exchange website without fees.. exchange site is a business they are just earning there for a fee.. so its impossible to see exchange site without fee..

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June 17, 2016, 06:59:04 PM
 #15

You will not find any exchange where there will be not any transaction/exchange fee, but you can search for those exchange where the exchange and transaction fees are lower. I hope in the future a company start to give free service like xapo is giving as a bitcoin wallet.

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June 17, 2016, 07:03:53 PM
 #16

Yobit's withdrawal fee is 20k sat, which I think is lower than poloniex.  I might be wrong, as it's been a while since I used them.  And that's not too high a fee.  As has been mentioned,  the miners' fee has to be paid.

The poloniex withdraw fee is 0.0001. That is 10k, so it lower than Yobit. But when Poloniex send the bitcoin, it pays much less than 0.0001 as it combine several transaction together.

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June 17, 2016, 07:16:46 PM
 #17

There cannot be an exchange website which has a 0 withdrawal fee. They need it to get the transaction confirmed. Bit-x has a withdrawal fee of 0.5% which it uses to get the transactions confirmed and if you avoid this fee, it would take hours for your transaction to get confirmed. Basically, all exchanges charge 10k to 20k satoshis for withdrawal.

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June 17, 2016, 11:27:01 PM
 #18

none of exchange don't charge you withdrawal fee unless they're going to make their client's transaction getting rejected by the network because they don't spend any single penny to pay the miners fee
False. They can in fact pay the transaction fee out of their own pocket without charging the client since most or all of the exchange's profit comes from the trading fees. Some exchanges do just that, for example BTC Markets in Australia.

Thanks for the info. As what I know most exchanges charge withdrawal fees as miners fee.Maybe btc markets is generous enough or making huge profits on their exchnages thats why they can waive the withdrawal fees. Maybe only few exchanges are doing that,rare?


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outatime1
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June 18, 2016, 03:53:48 AM
 #19

I don't think there are any without withdrawal fees. But the fees seem relatively low to me. I think it is only a problem if you keep moving the coins around a lot.
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June 18, 2016, 07:19:57 AM
 #20

Yobit's withdrawal fee is 20k sat, which I think is lower than poloniex.  I might be wrong, as it's been a while since I used them.  And that's not too high a fee.  As has been mentioned,  the miners' fee has to be paid.

The poloniex withdraw fee is 0.0001. That is 10k, so it lower than Yobit. But when Poloniex send the bitcoin, it pays much less than 0.0001 as it combine several transaction together.

Wow that is a cheap fee, i think i will move from trading altcoins poloniex. Thanks for the info Grin.

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