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nyteo
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August 13, 2017, 09:27:09 AM |
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All exchanges now increase the withdrawal fee, what about yobit, this exchange charges users with the fees of 0.0015btc?
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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lol3c
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August 13, 2017, 09:31:34 AM |
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google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!
Poloniex is the crappiest exchange you can possibly find though.. -Bad Customer support -Full of horror stories -Money disappearing -etc Regards, Trump depositing not showing and many more. That is why I never ever trust poloniex. It is totally suck. I do not know why many people keep depositing their money in this platform and lose their money. There have been many warning around and they should check all of them before depositing their money into a place |
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DocSnyd3r
Member
 Offline
Activity: 112
Merit: 10
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August 13, 2017, 09:48:14 AM |
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Maybe it is getting better when Segwit goes live since we can fit more into each block. Almost all block are completely filled https://xbt.eu/ maybe some shady individuals try to promote 8 MB blocks. |
3ADZdEawDgfhcHaXzZorX1aVxv7s2Ppv9e (beer BTC)
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Victorycoin
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August 13, 2017, 09:52:11 AM
Last edit: August 13, 2017, 04:09:48 PM by Victorycoin |
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I agree with you on that. This issue of transaction fees is getting out of hand. Now that the value of bitcoin reaches new all time highs means that transaction fees will also increase
I never heard transaction fees should be directly propportional to the price of Bitcoin and anyone that does that only want to create bad blood in the community - imagine how having to run to altcoins to avoid high transactional fee is fast becoming a choice. I noticed a reduction in fees in transactions I did last week because the week before I had paid 0.0012 BTC for priority fee. Quess we should all open our eyes to the fact that Bitcoin got its share of haters, but it's obvious they can't stop the sun from shinning! |
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xskl0
Sr. Member
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Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
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August 13, 2017, 09:52:35 AM |
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I had to pay the same fee. Switch to Bitcoin Cash. Bitcoin Cash is the real Bitcoin (Satoshi was a big blocker) and Bitcoin Core want all transactions happening offchain (Lightning Network) because Blockstream wants to become the new Visa/Mastercard.
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greatr
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August 13, 2017, 10:11:36 AM |
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This fee is really huge. Few days ago i used exchange and paid 0.0004 Fee and i thought that it is huge as Bitcoin price is really high, but your fee is even higher. If you want to avoid these huge fees you should stop using bitgrail, there are many sites that use 10 times smaller fees. |
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alyssa85
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CryptoTalk.Org - Get Paid for every Post!
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August 13, 2017, 10:15:26 AM |
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Bitgrail is an exchange, and checking it, it can swap your bitcoins into alts and then withdraw. Use doge, or litecoin or bitcoincash to move coins from exchange to exchange. |
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moooonu
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August 13, 2017, 11:34:11 AM |
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Its pretty normal when it comes to withdrawing exchanges. The one i used for withdrawal from exchange take a confirmation email and then that to be sent to block in batch so that eats too much time too. Use wallet that have dynamic fee or any other online wallet. but don't use exchange as wallet.
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johnwest
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August 13, 2017, 11:37:47 AM |
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All exchanges now increase the withdrawal fee, what about yobit, this exchange charges users with the fees of 0.0015btc?
Someone or a group of people are playing with the transaction fees by filling the chain with smaller amounts, it seems like exchanges wait for this kind of opportunities to grab more BTC in the name of fees. have to find some solution for this otherwise its going to be tough. |
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TheCoinFinder
Legendary
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Activity: 938
Merit: 1001
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August 13, 2017, 11:42:34 AM |
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There is nothing you can do to reduce transaction fee as of now but if you need help for some transactions, i can confirm them somewhere. I can also confirm zero fee tranactions. Inbox me your transaction id. |
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nicster551
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August 13, 2017, 11:47:41 AM |
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All exchanges now increase the withdrawal fee, what about yobit, this exchange charges users with the fees of 0.0015btc?
Someone or a group of people are playing with the transaction fees by filling the chain with smaller amounts, it seems like exchanges wait for this kind of opportunities to grab more BTC in the name of fees. have to find some solution for this otherwise its going to be tough. Maybe it just a time that the transaction becomes too high because of the high demand of bitcoins and the popularity that bitcoin have it may give a big part in every transaction that happen everyday |
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Wicked17
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August 13, 2017, 11:53:18 AM |
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well i think higher fee means higher fast in completing the transaction. If its because the exchanger is greedy for so much fee, you better use another exchanger with low fees. Recently i got a high fee also with amount of 0.0003 and if you want to make it fast you need to pay .004 and that was so big |
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Mr.Anonymous
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August 13, 2017, 11:54:02 AM |
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All exchanges now increase the withdrawal fee, what about yobit, this exchange charges users with the fees of 0.0015btc?
Someone or a group of people are playing with the transaction fees by filling the chain with smaller amounts, it seems like exchanges wait for this kind of opportunities to grab more BTC in the name of fees. have to find some solution for this otherwise its going to be tough. Well, in present with the situation the price of Bitcoin very high, most exchange increasing their fees for earning profit from that, only Poloniex exchange still keep @10k sat for every user, but the time for wait accept withdraw depends amount BTC and your account  |
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Juggy777
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August 13, 2017, 12:18:06 PM |
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In a perfect world I would suggest coinbase.com cause that's fees is 2$ and less. Then if you want a good fees remedy for once and all use electrum wallet. There they have dynamic fees and also you can set your own fees. So if you want to send low amount then use electrum that's the best alternative I would suggest. |
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leonair
Sr. Member
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Activity: 1232
Merit: 390
★Bitvest.io★ Play Plinko or Invest!
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August 13, 2017, 12:37:40 PM |
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I think their default fees are set to the highest fee possible to get your transaction to the fastest next block to be done. Even if you send a small or high value transaction I think it is still within that BTC0.001+. My advice is better to hold Bitcoin and some other transactions and wait for at least 1st week of september because I read that the lower fees will be implemented after 1 month of Segwit.
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jekjekman
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August 13, 2017, 12:57:26 PM |
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google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!
Take a look here: https://live.blockcypher.com/btc/tx/cdf1dc891dfc0bd827b3b4f442ab5095e5073486bce9711fde859da7fccf7ecb really nothing to say!! for $200 transaction fee is 5$ or more. I need to leave this fucking exchange, But the problem is XRB is only exchangeable in this platform. Bad luck for Bitgaril user ... As I look at your dilemma, the exchanges is not taking that transaction fee or even taking advantage from you, if you may look at your transaction details in the blockchain worth $5.15 bitcoin is the fee so it means that it goes to the miners that is confirming your transaction. I know what you are feeling right not as I experience it myself too I really don't know what is happening right now with the fees though. Let's hope for the best to come in Bitcoin fees. |
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Cacingkemi
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August 13, 2017, 01:05:17 PM |
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How to solve the large fee, you can swap to other altcoin a smaller fee. I use dogecoin if I want to withdraw from exchange with a large fee. expl: I got coin A, I sell to B and I buy another D coin withdraw finish.  Hopefully you can understand my explanation . Regards  |
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jakelyson
Legendary
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Activity: 2184
Merit: 1069
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August 13, 2017, 01:26:26 PM |
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That is the effect of the network spam a few months ago. Exchanges adopted by charging higher tx fees to their clients to hasten tx time. It was effective until the spam stopped. Now it is too expensive. Some exchanges have not adopted to current fee.
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Zadicar
Legendary
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Activity: 1330
Merit: 1020
Seabet.io | Crypto-Casino
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August 13, 2017, 01:34:55 PM |
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How horrible for this exchange to have such high fees on making transactions and i would really definitely jump in another exchange on this case. Mostly the fees as of now is on averaging between 0.0004-0.0001 which is too far away on the fees that they set on you to make such transfers. One thing to ask why would use that exchange if theres another which is more reputable and do have less fees? |
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Celsiuss
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August 13, 2017, 01:42:50 PM |
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Oh God, I was naive enough to think that the era of high fees were over, I guess not. I've always had some trouble with choosing the fee. I use blockchain.info's wallet, they claim they use dynamic fees, but I often find them too low/high. Any tips on choosing a good fee?
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who cares
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