Binance fee is too damn high

[Doctor.Strange]

Why Binance withdraw fee is too damn high, want to withdraw some erc 20 tokens and its charging me $5+

[marto25]

7$ withdrawal fee for ETH and 2 ADX ( 10$) ltc over 4$ is too much . high withdrawal fees for all currency ;( .
 Very disappointing.

[dealung]

I think this is fair, because now it is getting more popular and users are increasing. The withdrawal fee is still quite cheap compared to other exchanges.

[sammyp]

well if they charge a higher fee and process your transaction for you on time then that is better than paying a small fee and having your transaction stacked.

[slaman29]

7$ withdrawal fee for ETH and 2 ADX ( 10$) ltc over 4$ is too much . high withdrawal fees for all currency ;( .
 Very disappointing.

I've never really complained about fees, as long as the fee they charge is actually the fee they use when processing withdrawals. My real annoyance with exchanges is they charge you a flat fee, but you get a transaction with a sucky fee, that is very very often much less than what they charged you. It's like they make enough from spreads and from commissions. Why do exchanges keep doing that? And see, everyone said come to Binance, but now they're making money, they're also getting greedy. Typical.

[marto25]

Binance fees to Withdraw to high ?

CND: Transaction Fee: 180
TRX: Transaction Fee: 100
QSP: Transaction Fee: 30
XLM: Transaction Fee: 0.01000(this is nice)
REQ: Transaction Fee: 15
ADA: Transaction Fee: 1(Maybe ok to)
VEN: Transaction Fee: 5
BRD Transaction Fee: 4
ICX: Transaction Fee: 1
ETH: Transaction Fee: 0.01
Just Some Examples

[marto25]

Why Binance withdraw fee is too damn high, want to withdraw some erc 20 tokens and its charging me $5+

wow... Very Very disappointing.

10% fee is so FU high!!
Binance is charging 4 WABI  withdrawal fee (13$). WOW !!!!!

Binance very very very high withdrawal fees. Vechain also 5 coins!

[rollingstorm45]

try withdraw with another coin (DOGE) to the local exchanger
then sell the coin (DOGE) to BTC at the local exchanger
then sell your BTC with fiat currency
finish ,,, transfer your money to your bank account

[devollito]

Binance is nothing if we compare to hitbtc. And binance support untill 8 decimal. Hit btc no. They toke the rest of our crypto. I like binance for token trade. And also it is faster the etherdelta and hitbtc when u use it on mobile. I think its normal fees.

[CaterpillarRave]

Yep. I also like to use binance. verification is very simple. Not as difficult as bittrex and poloniex. fee for withdrawal. I find it twice cheaper than other exchanges. There is nothing to blame

[marto25]

Binance trading fee are ok.. but  fees to Withdraw to high >>> up to $18

CND: Withdrawal Fee: 180 >>  17.54 USD
TRX: Withdrawal Fee: 100  >>  8.69 USD
QSP: Withdrawal Fee: 30  >>  13.31 USD
REQ: Withdrawal Fee: 15  >>  11.57 USD
BRD Withdrawal Fee: 4  >>  6.85 USD
ADX Withdrawal Fee: 2  >>  5.71 USD
ICX: Withdrawal Fee: 1  >>  6.52 USD
ETH: Withdrawal Fee: 0.01   >>  9.04 USD
WABI: Withdrawal Fee: 4   >>  10.25 USD
BTC: Withdrawal Fee: 0.001  >>  15.02 USD
OMG: Withdrawal Fee: 0.3  >>  5.99 USD
SUB: Withdrawal Fee: 4  >>  4.88 USD

Just Some Examples

[Red-Apple]

fees are high everywhere. specially for withdrawing anything ETH related ever since the ethereum network started failing to handle large number of transactions and people had to increase their fees to get in blocks,.... just like bitcoin!

most exchanges have high withdrawal fees like this though.

[marto25]

NO , NO!!

Bittrex >> ETH 0.002 (only 1.79002 USD)
POLO >> 0.005


SNT
Binance - 50 SNT fee
Bittrex - only 15 SNT

OMG

Binance - 0.3 OMG fee
Bittrex  0.1 OMG fee only

and and and.....

[mjnick01]

what is so high is that it is too abusive
it would be fair and reduce the exchange rate because it tends to make money so much to earn some money and then we'll get over the top of the charge
but it's okay because it's okay and there's something we've changed. Just keep it simple and calm because many money changers help you to handle your earning profit from websites remember that we've been helping them out before they continue to provide services similar to those who are looking for currency exchange
we are grateful and we earnestly seated and only invest in the post and suggest our opinions

[mjnick01]

what is so high is that it is too abusive
it would be fair and reduce the exchange rate because it tends to make money so much to earn some money and then we'll get over the top of the charge
but it's okay because it's okay and there's something we've changed. Just keep it simple and calm because many money changers help you to handle your earning profit from websites remember that we've been helping them out before they continue to provide services similar to those who are looking for currency exchange
we are grateful and we earnestly seated and only invest in the post and suggest our opinions

[jinnyjinny]

fees are high everywhere. specially for withdrawing anything ETH related ever since the ethereum network started failing to handle large number of transactions and people had to increase their fees to get in blocks,.... just like bitcoin!

most exchanges have high withdrawal fees like this though.

Guys, it s time to forget about low fees on exchanges - until people go on  withdraw coins with this fees and don't stop to do that and just bla bla bla, nothing will change. It gonna get worse over time.

[irsykes]

7$ withdrawal fee for ETH and 2 ADX ( 10$) ltc over 4$ is too much . high withdrawal fees for all currency ;( .
 Very disappointing.

if you don't like the terms, just don't use its services. there are many exchange that you can use and you can sell the fee from all of that is almost same, wha make it's expensive is the value that increased

[miningguru]

well if they charge a higher fee and process your transaction for you on time then that is better than paying a small fee and having your transaction stacked.

I think they are doing very faster transaction even though they are charging high transaction fee. The only thing we have consider is whether the transaction is being done fastly or not we have to check because when compared to block chain they are taking less transaction fee.

[candy27]

Why Binance withdraw fee is too damn high, want to withdraw some erc 20 tokens and its charging me $5+

It's how they make their money. Some exchanges make their money from the trading fees. Others from withdrawal fees.

[LaLegiste]

It seems Bitcoin Cash withdrawal fee is the lowest then. i've withdrawn yesterday with 0.001 BCC fee which is ~2.5$.