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Author Topic: 100USDT to withdraw USDT from HitBTC  (Read 179 times)
Winstar78
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January 29, 2018, 09:17:05 PM
 #1

This is only the last ridicolous fee I got aware of.

it's so ridicolous that it's starting to be funny.

P.s.: they also have a DEPOSIT fee of 25USDT.

probably they are trying to earn back coins hacked?
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maeusi
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January 29, 2018, 10:12:56 PM
 #2

This is only the last ridicolous fee I got aware of.

it's so ridicolous that it's starting to be funny.

P.s.: they also have a DEPOSIT fee of 25USDT.

probably they are trying to earn back coins hacked?
No, I just looked on Poloniex. They are known to have moderate fees and it is also showing 25$ independent from withdraw amount. So it seems to be the network fee and having nothing to do with HitBTC.
But there are doubts on USDT to cover all funds of market cap.
Winstar78
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January 29, 2018, 10:17:06 PM
 #3

Did you read my message?

HitBTC has a 4x Poloniex fee to withdraw (100 vs 25), and 25 vs zero to DEPOSIT (no exchange has deposit fees, Hitbtc has...)
jhenfelipe
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January 30, 2018, 12:56:50 AM
 #4

Withdraw fees in HitBTC are really high for most coins plus deposit fees were added since late December if I'm not mistaken. One option is to exchange it to another crypto first (with a much lower fee) and send to other exchange with lower USDT fee to convert and withdraw in USDT.

However, it's not sure if you'll experience a smooth withdrawal.
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January 30, 2018, 01:39:32 AM
 #5

Just out of curiosity, why do you want to withdraw USDT? I know it doesn't justify the fee of 100 USDT, but remember that to send USDT you also make a BTC transaction. And even if the fees are lower as f*ck (I sent a tx with a 7 sat/byte or ~$0,1 that got confirmed in the next block), we all know how bad all exchanges are at calculating fees.

That's what I would do:

1. Buy a different coin that has lower withdraw fees and it's available at Binance (my fav exchange).
2. Send to my Binance account.
3. Exchange to USDT or to BTC->USDT if there is no direct pair.
4. Withdrawal for a fee of 22 USDT (still kinda higher but lower than Poloniex and HitBTC).

maeusi
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January 30, 2018, 12:31:17 PM
 #6

Just out of curiosity, why do you want to withdraw USDT? I know it doesn't justify the fee of 100 USDT, but remember that to send USDT you also make a BTC transaction. And even if the fees are lower as f*ck (I sent a tx with a 7 sat/byte or ~$0,1 that got confirmed in the next block), we all know how bad all exchanges are at calculating fees.

That's what I would do:

1. Buy a different coin that has lower withdraw fees and it's available at Binance (my fav exchange).
2. Send to my Binance account.
3. Exchange to USDT or to BTC->USDT if there is no direct pair.
4. Withdrawal for a fee of 22 USDT (still kinda higher but lower than Poloniex and HitBTC).
What about dogecoin? How many dogecoins do they take as fee? Dogecoins have a quite stable price +- 10%, stable network and cheap fees. On Yobit the withdraw fees of doge are very expensive, but they are maybe cheaper on HitBTC.
Did you read my message?

HitBTC has a 4x Poloniex fee to withdraw (100 vs 25), and 25 vs zero to DEPOSIT (no exchange has deposit fees, Hitbtc has...)
Yes I read your post. You talked about a fee of 25$.
This is only the last ridicolous fee I got aware of.

it's so ridicolous that it's starting to be funny.

P.s.: they also have a DEPOSIT fee of 25USDT.

probably they are trying to earn back coins hacked?
Your headline suggerated me, that you wanted to withdraw 100$ and had to pay 25$ fee.
hitbtc
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March 29, 2018, 01:49:28 PM
 #7

With HitBTC, fees are calculated upon the network load. We aim to make sure our users' transactions are confirmed in the network and delivered to their destinations promptly.

Besides, any cryptocurrency exchange features a complex combination of processes that uses the blockchain a lot. Meaning that withdrawal fees include some of intermediary fees paid on the exchange side for moving your funds. That's the reason why fees related to withdrawing coins from an exchange can be slightly higher than regular network fees in your wallet.

plsharevme003
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May 17, 2018, 05:11:59 AM
 #8

dun make so many excuses, your exchange fee is must higher then binance, binance usdt withdrawal fee only us4.5, your side is us100??? what a joke and poor exchange.
TryNinja
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May 19, 2018, 12:29:54 AM
 #9

With HitBTC, fees are calculated upon the network load. We aim to make sure our users' transactions are confirmed in the network and delivered to their destinations promptly.

Besides, any cryptocurrency exchange features a complex combination of processes that uses the blockchain a lot. Meaning that withdrawal fees include some of intermediary fees paid on the exchange side for moving your funds. That's the reason why fees related to withdrawing coins from an exchange can be slightly higher than regular network fees in your wallet.
Just "slightly higher than regular network fees"?

Bitcoin fees are baring 1-2 sat/byte (less than ~$0.1), while your exchange is charging 80 times (~$8) for Bitcoin withdrawals and $100 for USDT withdrawals (100 times). No one will swallow that excuse.

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