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Author Topic: YoBit withdraw high fee  (Read 258 times)
BookeyBitMan
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January 15, 2018, 04:36:20 PM
 #1

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?
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January 15, 2018, 04:57:06 PM
 #2

Yobit is one of those sites that has the weirdest wallets in my opinion. most of the altcoins there are in maintenance for eternity! and the rest that aren't may not have any payable balance, so when you make a withdrawal it may get stuck for over a week.

as for fees, Doge fees are nothing. check out BCC(bitcoin cash) fees. it is 0.01 BCC which is $27!

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January 15, 2018, 05:23:51 PM
 #3

The withdrawal rates at yobit have always been high as far as I can remember. I think that's their biggest gain.

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January 15, 2018, 05:25:20 PM
 #4

 Undecided
I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...
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January 15, 2018, 08:49:35 PM
 #5

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?
It's what the exchange thinks is justifiable, and not so much what the actual network fee is. It's probably looking at what coins experience the highest and lowest withdrawal volumes, and then just try to find a balance.

Just so that it makes sure their withdrawal fees are sufficient network fees, and that they have some (a very small part) that remains for themselves as profit. Honestly speaking, it's not all that bad.

If you farm your way through faucets and thus every buck in doge or whatever other coin matters, yeah, you'll see even such low fees as being high. People should just quit wasting time on faucets and captchas. It's not worth it.

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January 15, 2018, 09:09:53 PM
 #6

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Are you seriously complaining about a fee of $1,19? Came on, just sell all your cryptos and go back again to pay $50 for each wire transfer.

Are you dumb? That is DUST.

How much money are you managing rightnow? Is it $5? Because everybody can afford a single fee of a little bit less of one dollar.


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January 15, 2018, 09:15:24 PM
 #7

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

I'm sure they probably set this price back when doge was worth hardly anything. You have to keep in mind that Bitcoin has more than 20x in price and doge has gone up a good 4-5x in price since then as well. It used to not cost so much. Still not that much in my opinion though.


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January 15, 2018, 09:19:23 PM
 #8

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

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BookeyBitMan
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January 15, 2018, 09:22:04 PM
 #9

I tried to withdraw some DOGE on YoBit but when I saw withdraw fee (100 DOGE/1.19$) I gave up.
I trying with LTC and withdraw fee is 0.002 LTC/0.52$, can anyone tell me why is too high fee for DOGE?

Are you seriously complaining about a fee of $1,19? Came on, just sell all your cryptos and go back again to pay $50 for each wire transfer.

Are you dumb? That is DUST.

How much money are you managing rightnow? Is it $5? Because everybody can afford a single fee of a little bit less of one dollar.



YES I AM SERIOUSLY DUMB DUMB!
First what you use Bitcoin or Bitcoin cash and you pay fee over 20-30$ that's your problem!

How much I managing rightnow this is my problem!

And does not frustrate me how much $$$ fee cost than why Dogecoin fee is to high, and fee is high only on YoBit site not on Doge wallet.
On Doge wallet fee is classic 1-2 Doge, and it does not change!
BookeyBitMan
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January 15, 2018, 09:37:23 PM
 #10

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).
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January 15, 2018, 09:41:16 PM
 #11

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).
They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

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BookeyBitMan
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January 15, 2018, 09:50:24 PM
 #12

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).
They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

But do they have Doge market for trading?
I did not see any other exchange which has Doge market.
On cryptopia site there is Doge market but "Market Closing". :/
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January 15, 2018, 10:09:11 PM
 #13

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).
They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

But do they have Doge market for trading?
I did not see any other exchange which has Doge market.
On cryptopia site there is Doge market but "Market Closing". :/
CoinMarketCap.com is your best friend here.

Gate.io seems to have a DOGE/BTC and /USDT pair but not sure about signups and fees. Cryptopia is pretty much the same as Yobit in my experience with high fees and wallets permanently under maintenance, etc. What happens when you try to verify on Bitfinex? Did you submit the right info, etc? They've been behind on everything recently with a surge in signups, contacting support could help out a bit too even though help may be delayed.

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January 15, 2018, 11:01:47 PM
 #14

Undecided
I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high.
When I send DOGE on YoBit I pay only 1.90 DOGE for fee...
That was too high, this what happens when there's a big demand to a coin that people are using. And as far as I know, there are too many bitcoin traders that are converting their btc's to DOGE for lesser transaction fee and withdrawals but what's happening now with yobit is expected. Don't use them anymore and if you can avail to pay that 100 DOGE for withdrawal take it already.

Edit: I tried to check it out, it only says 0.002 LTC for withdrawal fee and the same goes with other altcoins except BTC.



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Rainbot
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Tyrantt
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January 16, 2018, 03:39:09 AM
 #15

The withdrawal rates at yobit have always been high as far as I can remember. I think that's their biggest gain.

Well kind of, as much as I remember it was a fixed fee of 0.0001 for btc but that's not the only problem. One of the bigger problems is their support.  I remember, last year, when I was using yobit and had  a  problem from time to time. It usually took them 3-4 days to respond and 1-2 to fix whatever the problem was. I even offered to work for free on the support tickets.

I didn't use any other coin besides bitcoin, so I can't really tell you but trust me, if I were you, I'd transfer all of coins you've have there to some other wallet or exchange (maybe they've improved, didn't use their website for over a year now but if the things are the same as back then, I'd do as I've said).
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January 16, 2018, 03:47:15 AM
 #16

Considering BTC withdrawal fees on most all exchanges right now are near or above $10-20, that's not bad.

YoBit has always had higher fees than most exchanges I've used. If you have an issue with it, just withdraw your coins and don't come back.

I have bad experiences with others exchanges, I have over 2000 Doge on Bittrex and I can not verificed account for withdraw (I tried several times).....
I trading and YoBit is good site for trading but I dont understand why is fee for Doge is so high.
And I trading on Doge market, for me Doge is best altcoin (because of: low fee and price).
They've got their own reasons for having higher withdrawal fees than other exchanges. As long as people continue using their platform they'll probably keep it the same. There's hundreds of other exchanges that have DOGE pairs out there, there is definitely an exchange that has lower fees than Yobit and works.

But do they have Doge market for trading?
I did not see any other exchange which has Doge market.
On cryptopia site there is Doge market but "Market Closing". :/

Bleutrade has doge markets.

https://bleutrade.com

You can find other exchanges with doge markets on this page.

https://coinmarketcap.com/currencies/dogecoin/#markets

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January 16, 2018, 03:48:09 AM
 #17

That is true, they always had very large fees, as far as I can remember, one of the reasons I no longer operate with yoBit
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January 16, 2018, 05:30:10 AM
 #18

Yobit is one of those sites that has the weirdest wallets in my opinion. most of the altcoins there are in maintenance for eternity! and the rest that aren't may not have any payable balance, so when you make a withdrawal it may get stuck for over a week.
You might be lucky enough if you're withdrawal will only stuck in a week it might takes 2-3 weeks or even over a month.

That is true, they always had very large fees, as far as I can remember, one of the reasons I no longer operate with yoBit
Mostly exchanges ask too high withdrawal fees some ask only 0.0005 BTC but other cost 0.001-0.002 BTC which is absurb.

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January 16, 2018, 06:32:32 AM
 #19

That is true, they always had very large fees, as far as I can remember, one of the reasons I no longer operate with yoBit
Don't use yobit anymore, they are just the most useless exchange ever. It's enough that there are too many traders that are complaining with them. With the support, withdrawals that has crazy high fees and their wallets are always on maintenance and there's no hint if they will solve it.

Bleutrade has doge markets.
https://bleutrade.com
I have read this exchange twice for this day and I'm really new to it, gonna try it out.
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January 16, 2018, 07:01:21 AM
 #20

Fee of 100 Doge sounds really unusual. The fee was always 1-10 per thousand, also on yobit, as I remember. How many Doge did you want to withdraw?
Maybe the higher fee is caused by a new popularity and busy network or yobit is trying to generate also income on withdraw fees.
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