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Author Topic: Yobit new withdrawal fees  (Read 1139 times)
SHawk (OP)
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June 10, 2017, 04:24:25 PM
 #1

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?
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June 10, 2017, 04:29:03 PM
 #2

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

Try to withdraw WAVES on yobit the fee is 1 WAVES ($5). That's the highest fee i have ever see it was like 10,000% more then Poloniex, Bittrix combined!

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June 10, 2017, 10:47:44 PM
 #3

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

Try to withdraw WAVES on yobit the fee is 1 WAVES ($5). That's the highest fee i have ever see it was like 10,000% more then Poloniex, Bittrix combined!
yobit is bad anyway. They listing coins without a wallet, so you cannot withdrawn them. This fucking cost me so much because I had to trade back for a lower price and pay the fees etc.
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June 10, 2017, 11:46:25 PM
 #4

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

Try to withdraw WAVES on yobit the fee is 1 WAVES ($5). That's the highest fee i have ever see it was like 10,000% more then Poloniex, Bittrix combined!
yobit is bad anyway. They listing coins without a wallet, so you cannot withdrawn them. This fucking cost me so much because I had to trade back for a lower price and pay the fees etc.

Yup I ran into that one as well!

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June 11, 2017, 12:39:04 AM
 #5

In case all of you have not heard, Kraken is charging 2.5 mBTC now. That is 1 mBTC more than what Yobit is charging for withdrawals. But it is still way too much.

I speculate some traders will start using litecoin as their main coin to move their funds around.

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xypos
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June 11, 2017, 12:55:47 AM
 #6

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

This was going to come sooner or later. Poloniex is an exception because it is such a big company with very large volume per day, so they are able to cover that fee or the majority of that fee themselves without asking people for more. Also i don't know if you've heard about poloniex not processing withdrawals and deposits on time, so if you store your coins on polo you're taking a very big risk.

Bittrex already charges 0.001 BTC as well so it's fair. But really i don't see the point of using yobit when there are better alternatives like bittrex....
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June 11, 2017, 02:58:24 AM
 #7

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

They are so active to implement some new changes on their fee's but they are inactive to cater those problems who's still existing to their site and maybe its better for them to visit on their own thread so that they can see how bad their service are and so people will not throw some dirt and stop hating to do some trade on them.
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June 11, 2017, 03:29:11 AM
 #8

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

They are so active to implement some new changes on their fee's but they are inactive to cater those problems who's still existing to their site and maybe its better for them to visit on their own thread so that they can see how bad their service are and so people will not throw some dirt and stop hating to do some trade on them.

When you make a fortune everyday then who cares!

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June 11, 2017, 03:49:06 AM
 #9

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

They are so active to implement some new changes on their fee's but they are inactive to cater those problems who's still existing to their site and maybe its better for them to visit on their own thread so that they can see how bad their service are and so people will not throw some dirt and stop hating to do some trade on them.

When you make a fortune everyday then who cares!

Do you think every people who do trades their everyday earns good fortune upon their trades their? Its unfortunate for the losers to pay some huge fee's for their withdrawal since its like double killing on their side, But if yobit acts like bittrex then I can say that its ok to implement that since they are giving their best to make their traders feel at ease upon trading, But in yobit? No way for that men.
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June 11, 2017, 03:52:24 AM
 #10

With the high volume of trading, the exchanges are simply capitalizing with crazy exit taxes. The transaction delay issue is not fake but it is a good excuse.

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June 11, 2017, 07:41:36 AM
 #11

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

They are so active to implement some new changes on their fee's but they are inactive to cater those problems who's still existing to their site and maybe its better for them to visit on their own thread so that they can see how bad their service are and so people will not throw some dirt and stop hating to do some trade on them.

When you make a fortune everyday then who cares!

Do you think every people who do trades their everyday earns good fortune upon their trades their? Its unfortunate for the losers to pay some huge fee's for their withdrawal since its like double killing on their side, But if yobit acts like bittrex then I can say that its ok to implement that since they are giving their best to make their traders feel at ease upon trading, But in yobit? No way for that men.

Read my post, Youbit makes fortune NOT traders (well some do) I'M TALKING ABOUT YOBIT! Read my post again!

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SHawk (OP)
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June 11, 2017, 08:14:40 AM
 #12

That fees is very crazy though someone said krakan charges a higher amount but overall this is weird, someone should tell those exchanges that it is not easy to earn bitcoin only for someone sitting at a corner of his office to remove all profits through charges.

Is there any wallet online or offline that is secure and charges a lower fee ?
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June 11, 2017, 08:40:37 AM
 #13

That fees is very crazy though someone said krakan charges a higher amount but overall this is weird, someone should tell those exchanges that it is not easy to earn bitcoin only for someone sitting at a corner of his office to remove all profits through charges.

Is there any wallet online or offline that is secure and charges a lower fee ?

This is why we need a decentralized Exchange! We need freedom from these fees and our accounts getting taken advantage of and getting our coins delested etc...

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June 11, 2017, 08:52:11 AM
 #14

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

Liqui has the same fees (0.0015BTC), and it isn't a surprise because the transaction fees are somewhere from 0.0012 and up so it's normal to have such a fee which is really high comparing with poloniex.

I don't know if the poloniex bitcoin withdrawal transaction are confirmed as the fee is really low 0.0001, but I think that they make the payments in multiple addresses at the same time and so the tx get confirmed!?

I just checked in bittrex and the fees are 0.001BTC (0.0005BTC less than yobit/liqui)
SHawk (OP)
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June 11, 2017, 11:31:47 AM
 #15

I checked yobit today and discovered that their new charges for btc withdrawal is now 0.0015 btc and they said that is to prevent confirmation delay, you can check that on their twitter page https://twitter.com/YobitExchange this is times 15 of services like poloniex etc.

What do you think about this ?

Liqui has the same fees (0.0015BTC), and it isn't a surprise because the transaction fees are somewhere from 0.0012 and up so it's normal to have such a fee which is really high comparing with poloniex.

I don't know if the poloniex bitcoin withdrawal transaction are confirmed as the fee is really low 0.0001, but I think that they make the payments in multiple addresses at the same time and so the tx get confirmed!?

I just checked in bittrex and the fees are 0.001BTC (0.0005BTC less than yobit/liqui)

I think that they make the payments in multiple addresses at the same time and so the tx get confirmed!?

All exchanges pays out to multiple addresses at once and yobit will still take a lot of time before one confirmation, even if blockchain fees is 0.0012 btc according to your research exchanges makes profits from every transaction on their platform, withdrawal should be next to free.

My own personal opinion, this also create a market for a new altcoin exchange to emerge provided they can be a legit and trustworthy.
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January 10, 2018, 10:11:15 PM
 #16

Yobit wants 300 Doges to withdraw doges!!!

:O
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January 23, 2018, 03:15:19 PM
 #17

Yobit wants 300 Doges to withdraw doges!!!

:O

because Yobit will CLOSE soon!!!!
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January 23, 2018, 11:29:01 PM
 #18

i think very bigest withdrawal fee
standard fee 100k satoshi, another yobit same use 150k satoshi withdrawal fee liqui
but i think still standard fee

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January 24, 2018, 05:22:01 AM
 #19


What about Ethereum? usually the fee is only 0.01eth, or about $ 10.
Maybe the yobit fee goes up because the btc price goes down.
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January 24, 2018, 05:39:11 AM
 #20

What about Ethereum? usually the fee is only 0.01eth, or about $ 10.
Maybe the yobit fee goes up because the btc price goes down.
They are not the only one who's increasing the fees to their major altcoins. Binance does too, compare the TRON withdrawal fee of yobit it's 300 TRX, ETH withdrawal fee = 0.005, bitcoin withdrawal fee = 0.0012 BTC.
For someone that doesn't have that much fund on yobit can't withdraw one transaction many times it's better to take the fees lightly, withdraw with big amounts of the coins you want to check out.

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..PLAY NOW..
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