Exchange with lowest BTC withdrawal Fee?

[LbtalkL]

Hi, I just wanted to create this thread to gather some info's on which exchange has the lowest BTC withdrawal  Fee.
I think this is very helpful to those who are new in cryptocurrency including me. I have visited  and tried some exchange
site and I found out they have different withdrawal fees. I am open for suggestions or if you knew an exchange with low
withdrawal fee  kindly reply to our thread and this will benefit us all.

Note:
This is the list of exchange I am using right now and some members suggestions.
The Exchanges mention below I cannot guarantee that your funds is safe there try in your own risk.
Withdrawal fees might change any moment it depends on network load or check it yourself on the
sources I have posted, I will update if there is any changes.
          
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 ★★ List of Exchanges ★★

|	Exchanges	|	Rate	|
|	bitstamp	|	No Fee	|
|	gdax	|	No Fee	|
|	shapeshift	|	0.00015 btc	|
|	wex	|	0.0003 btc	|
|	bitfinex	|	0.0004 btc	|
|	Poloniex	|	0.0005 btc	|
|	binance	|	0.0005 btc	|
|	coinexchange	|	0.0005 btc	|
|	altilly	|	0.0006 btc	|
|	huobi	|	0.001 btc	|
|	bit-z	|	0.0001 btc	|
|	kraken	|	0.0005 btc	|
|	okex	|	0.0005 btc	|
|	kucoin	|	0.001 btc	|
|	cryptopia	|	0.001 btc	|
|	hitbtc	|	0.001 btc	|
|	cex	|	0.001 btc	|
|	bittrex	|	0.001 btc	|
|	tradesatoshi	|	0.002 btc	|
|	gemini	|	0.002 btc	|
|	coinbase	|	Dynamic	|

 ★★ Detailed List ★★

Code:

Exchange name: shapeshift
Exchange URL: https://shapeshift.io/
Fee structure/rate: 0.00015 btc
Source: https://info.shapeshift.io/about

Code:

Exchange name: WEX
Exchange URL: https://wex.nz
Fee structure/rate: 0.0003 BTC
Source: https://wex.nz/fees

Code:

Exchange name: bitfinex
Exchange URL: https://www.bitfinex.com/
Fee structure/rate: 0.0004 btc
Source: https://www.bitfinex.com/fees

Code:

Exchange name: poloniex
Exchange URL: https://poloniex.com
Fee structure/rate: 0.0005 btc
Source: https://poloniex.com/ [withdrawal page]

Code:

Exchange name: binance
Exchange URL: https://www.binance.com/
Fee structure/rate: 0.0005 btc
Source: https://www.binance.com/fees.html

Code:

Exchange name: coinexchange
Exchange URL: https://www.coinexchange.io/
Fee structure/rate: 0.0005 btc
Source: https://www.coinexchange.io/fees

Code:

Exchange name: altilly
Exchange URL: https://www.altilly.com
Fee structure/rate: 0.0006 btc
Source: https://www.altilly.com/page/fees

Code:

Exchange name: huobi
Exchange URL: https://www.huobi.pro
Fee structure/rate: 0.001 btc
Source: https://huobiglobal.zendesk.com/hc/en-us/articles/360000074411-Withdrawal-Limit-Fee

Code:

Exchange name: bit-z
Exchange URL: https://www.bit-z.com/
Fee structure/rate: 0.0001 btc
Source: https://www.bit-z.com/about/fee

Code:

Exchange name: kraken
Exchange URL: https://www.kraken.com
Fee structure/rate: 0.0005 btc
Source: https://support.kraken.com/hc/en-us/articles/201893608-What-are-the-withdrawal-fees-

Code:

Exchange name: okex
Exchange URL: https://www.okex.com
Fee structure/rate: 0.0005 btc
Source: https://www.okex.com [withdrawal page]

Code:

Exchange name: kucoin
Exchange URL: https://kucoin.com/
Fee structure/rate: 0.001 btc
Source: https://news.kucoin.com/en/fee/

Code:

Exchange name: cryptopia
Exchange URL: https://www.cryptopia.co.nz/
Fee structure/rate: 0.001 btc
Source: https://www.cryptopia.co.nz/ [withdrawal page]

Code:

Exchange name: hitbtc
Exchange URL: https://hitbtc.com/
Fee structure/rate: 0.001 btc
Source: https://hitbtc.com/account [withdrawal page]

Code:

Exchange name: bittrex
Exchange URL: https://bittrex.com/
Fee structure/rate: 0.001 btc
Source: https://bittrex.com/ [withdrawal page]

Code:

Exchange name: tradesatoshi
Exchange URL: https://tradesatoshi.com/
Fee structure/rate: 0.002 btc
Source: https://tradesatoshi.com/FeesStructure

Code:

Exchange name: Gemini
Exchange URL: https://gemini.com
Fee structure/rate: 10 free withdrawals per month, 0.002 BTC after the free withdrawals
Source: https://gemini.com/transfer-fee-schedule/

Code:

Exchange name: Coinbase
Exchange URL: https://www.coinbase.com/
Fee structure/rate: Dynamic based on network congestion
Source: https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees

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[Valandily]

I think you shouldn't run for this because with the current load of BTC network all transactions with such small withdrawal fee (which is system commission basically) will get stuck in memory pool and not confirmed

[ThachSanhTp]

I usually withdraw/deposite via an altcoin (for example: Ethereum, Syscoin, Dogecoin...) instead of bitcoin because bitcoin's fee is too high and it takes much more time to process

[LbtalkL]

I think you shouldn't run for this because with the current load of BTC network all transactions with such small withdrawal fee (which is system commission basically) will get stuck in memory pool and not confirmed

Yes that is possible that's why I'm posting this thread to gather some info's. and i'm open for some advices. The higher the fee the sooner it will be process.
But for someone like me who is new to this stuff, I want to save some penny. As long as it will be process i'm fine with that. I have tried to withdraw with 0.0005 btc Fee and it was process for several hours.

I usually withdraw/deposite via an altcoin (for example: Ethereum, Syscoin, Dogecoin...) instead of bitcoin because bitcoin's fee is too high and it takes much more time to process

That's  a great input my friend I've been doing that too. If I have to transfer funds to other exchange. Doge and eth has fast and low tx fee.
But in my country if I want to convert my funds in cash. I need to withdraw it to BTC.

[jasbill]

Try cex.io
The fee for withdrawal is 0.001 BTC per transaction.
Here are also the limits https://cex.io/limits-commissions#/direction/withdrawal/currency/BTC
And the review of exchange - http://bitority.com/review-of-cexio/

[LbtalkL]

Try cex.io
The fee for withdrawal is 0.001 BTC per transaction.
Here are also the limits https://cex.io/limits-commissions#/direction/withdrawal/currency/BTC
And the review of exchange - http://bitority.com/review-of-cexio/

Thanks for your input my friend, I will surely check that site. I notice some exchanges is lowering their fees right now. That's a good news for us, maybe bitcoin blockchain is not congested at the moment.

[magneto]

Thanks for the information. I see a lot of people asking for this and it's nice to have a list.

For those who think that exchanges are currently charging a high rate for withdrawals, you'd be absolutely right. However exchanges will usually increase fees when the network load is big and it's affecting the transaction fees in a negative way, and don't decrease the fee or only decrease a little in a long period of time when the network load goes down like right now.

Don't use exchanges as a wallet. In fact if you just used a wallet right now, you'd be looking at upwards of 90% of savings on transaction fees. Most of the fees are pretty reasonable when put into context the tx fees a month or two ago.

[jtipt]

I usually withdraw/deposite via an altcoin (for example: Ethereum, Syscoin, Dogecoin...) instead of bitcoin because bitcoin's fee is too high and it takes much more time to process

That's a fine way of you want to withdraw just for a while and then trade again, but if someone wants to get out their BTC and hold them they need to withdraw the BTC.

@OP add shapeshift to your list, AFAIK their BTC withdrawal fee is only 0.0001

[buwaytress]

Thanks for the information. I see a lot of people asking for this and it's nice to have a list.

For those who think that exchanges are currently charging a high rate for withdrawals, you'd be absolutely right. However exchanges will usually increase fees when the network load is big and it's affecting the transaction fees in a negative way, and don't decrease the fee or only decrease a little in a long period of time when the network load goes down like right now.

Don't use exchanges as a wallet. In fact if you just used a wallet right now, you'd be looking at upwards of 90% of savings on transaction fees. Most of the fees are pretty reasonable when put into context the tx fees a month or two ago.

Yeah, anything upwards of 50k satoshi has been murderous for people using exchanges as wallets - or any site service, for that matter, which charges a fixed fee rate. Worst still, very few of these actually use proper fees when processing withdrawals, and during spikes in network congestion, expect them to skimp on fees (not even putting the fee charged to users to full use).

That said, for a very long time I used Poloniex to accept small payments, and then withdrew them to my own wallet when they reached a certain amount. They've always had a 0.0001 BTC fee, which increased recently to 0.005. Still was reasonable for most times and a steal for consolidating multiple inputs. So maybe add that to your list, OP?

Of course, it should be said exchanges can disappear with your funds at any time...

[LbtalkL]

Thanks for the information. I see a lot of people asking for this and it's nice to have a list.

For those who think that exchanges are currently charging a high rate for withdrawals, you'd be absolutely right. However exchanges will usually increase fees when the network load is big and it's affecting the transaction fees in a negative way, and don't decrease the fee or only decrease a little in a long period of time when the network load goes down like right now.

Don't use exchanges as a wallet. In fact if you just used a wallet right now, you'd be looking at upwards of 90% of savings on transaction fees. Most of the fees are pretty reasonable when put into context the tx fees a month or two ago.

Yeah, anything upwards of 50k satoshi has been murderous for people using exchanges as wallets - or any site service, for that matter, which charges a fixed fee rate. Worst still, very few of these actually use proper fees when processing withdrawals, and during spikes in network congestion, expect them to skimp on fees (not even putting the fee charged to users to full use).

That said, for a very long time I used Poloniex to accept small payments, and then withdrew them to my own wallet when they reached a certain amount. They've always had a 0.0001 BTC fee, which increased recently to 0.005. Still was reasonable for most times and a steal for consolidating multiple inputs. So maybe add that to your list, OP?

Of course, it should be said exchanges can disappear with your funds at any time...

Thanks I just want to clarify if its really 0.005 or 0.0005?
Yes there's no guarantee, they can run with our funds or just declare they been hacked whatsoever, so are you saying btc wallets is safer than to store btc on exchanges? Do you know some exchange that we can adjust the tx fee like bit-z? I think majority of the exchanges has fix fee.



@magneto
Thanks for your input my friend I have gain some knowlegde.  


@jtipt
Thanks for dropping by, I've use shapeshift before and in fact shapeshift was the 1st exchange i've tried because its easy to use
I'm quiet surprise they have super low btc fee now. Maybe I'm going back there, Added to the list thanks.

[buwaytress]

Thanks I just want to clarify if its really 0.005 or 0.0005?
Yes there's no guarantee, they can run with our funds or just declare they been hacked whatsoever, so are you saying btc wallets is safer than to store btc on exchanges? Do you know some exchange that we can adjust the tx fee like bit-z? I think majority of the exchanges has fix fee.

It's 0.0005... or 50,000 satoshi if that's easier. I was thinking they'd set it back down to their old 10k sats fee but I guess we're going to see them hold on to that for a while, at least perhaps until they get on board with Segwit.

Of course storing on your own wallet is safer than on any exchange (with the exception of decentralised ones where they also don't store your private keys)... you should be the only one able to access your stored funds.

As I mentioned, there are some sites that allow fee adjustment, like the one I mentioned (CG). That's not an exchange though.

[LbtalkL]

Thanks I just want to clarify if its really 0.005 or 0.0005?
Yes there's no guarantee, they can run with our funds or just declare they been hacked whatsoever, so are you saying btc wallets is safer than to store btc on exchanges? Do you know some exchange that we can adjust the tx fee like bit-z? I think majority of the exchanges has fix fee.

It's 0.0005... or 50,000 satoshi if that's easier. I was thinking they'd set it back down to their old 10k sats fee but I guess we're going to see them hold on to that for a while, at least perhaps until they get on board with Segwit.

Of course storing on your own wallet is safer than on any exchange (with the exception of decentralised ones where they also don't store your private keys)... you should be the only one able to access your stored funds.

As I mentioned, there are some sites that allow fee adjustment, like the one I mentioned (CG). That's not an exchange though.

Thanks for the clarification mate.
So far the only exchange I know that offers fee adjustment is bit-z.

[Addisonbt]

Hey guys

Any solution please with min fee
convert 2.87 BTX -> BTC wallet

I think Bit-z.com fee .0005

[LbtalkL]

Hey guys

Any solution please with min fee
convert 2.87 BTX -> BTC wallet

I think Bit-z.com fee .0005

what is your question? you want to convert btx to btc?
If you want an estimated result you can try https://coinmarketcap.com/calculator/
If you want an accurate result find an exchange with btx and trade it there.
as of now 2.87 BTX is 0.00312830 BTC on bit-z and yeah they have 0.0005 wtihdrawal fee.

[timerland]

Thanks for opening and maintaining this list, because for small time traders this information is especially important for them. A 0.0005 BTC difference in fees can easily result in a loss in an otherwise winning trade if your trades are small.

Perhaps do this in a table form instead of an image though, since it is easier to update and maintain?

Also, 1. binance has lowered their fees to 0.0005 BTC due to the lower bitcoin transaction fee right now: https://www.reddit.com/r/CryptoCurrency/comments/81ck40/binance_btc_withdrawal_fees_reduced_50_to_00005/. Please update that in the OP.

2. Bittrex has a withdrawal fee for BTC of 0.001 BTC. Please add that in as well, cheers!

[xianbits]

Out of those exchanges, I guess only 4 of them have good volumes and are positively reviewed by most users. While these withdrawal fees are really good for us, let's also be careful where to put our money.
Thanks for tabulating it and for helping the community with this thought.

[TheQuin]

You could add Bitfinex to list, their current withdrawal fee is 0.0004BTC, but like most they do update that periodically so it might be difficult to keep this list up to date.
Then there's also Bittrex that has a fee of 0.001BTC that doesn't seem to change.

[Zocadas]

This is a really helpful thread. Maybe we could list also tradsatoshi. They have sometimes interesting exchange rates, but I am still considering, whether I should register there (so I actually don't know the fees). Often, other pitfalls like extremely high withdraw-fees or other unpleasant surprises are to be expected at such unusual exchange rates.

[lite]

Can you add kraken,bitstamp and gdax on the list? kraken has 50k sats withdrawal fee, bitstamp and gdax have no withdrawal fee.

[magneto]

You should definitely add a format for new additions. E.g.:

Code:

Exchange name:
Exchange URL:
Updated bitcoin transaction fee:
Source:

The initiative is great, I think. But it's not going to work updating an image all the time. It's better to have text in the OP and just update the text every once in a while with new additions coming in. Editing text is simpler than image.

And yes, Bitfinex, Bittrex, Kraken, Bitstapm, they're all missing from this list.