LbtalkL (OP)
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February 21, 2018, 12:01:17 PM Last edit: June 22, 2018, 10:34:39 AM by LbtalkL |
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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. Warning: Check the url first before entering your login details, there are so many clone/phising site right now. Enable 2 factor authentication save recovery key and screenshot QR code. Please bookmark it to your browser or install some phishing protection.
★★ List of Exchanges ★★ ★★ Detailed List ★★
Exchange name: shapeshift Exchange URL: https://shapeshift.io/ Fee structure/rate: 0.00015 btc Source: https://info.shapeshift.io/about
Exchange name: WEX Exchange URL: https://wex.nz Fee structure/rate: 0.0003 BTC Source: https://wex.nz/fees
Exchange name: bitfinex Exchange URL: https://www.bitfinex.com/ Fee structure/rate: 0.0004 btc Source: https://www.bitfinex.com/fees
Exchange name: poloniex Exchange URL: https://poloniex.com Fee structure/rate: 0.0005 btc Source: https://poloniex.com/ [withdrawal page]
Exchange name: binance Exchange URL: https://www.binance.com/ Fee structure/rate: 0.0005 btc Source: https://www.binance.com/fees.html
Exchange name: coinexchange Exchange URL: https://www.coinexchange.io/ Fee structure/rate: 0.0005 btc Source: https://www.coinexchange.io/fees
Exchange name: altilly Exchange URL: https://www.altilly.com Fee structure/rate: 0.0006 btc Source: https://www.altilly.com/page/fees
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
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
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-
Exchange name: okex Exchange URL: https://www.okex.com Fee structure/rate: 0.0005 btc Source: https://www.okex.com [withdrawal page]
Exchange name: kucoin Exchange URL: https://kucoin.com/ Fee structure/rate: 0.001 btc Source: https://news.kucoin.com/en/fee/
Exchange name: cryptopia Exchange URL: https://www.cryptopia.co.nz/ Fee structure/rate: 0.001 btc Source: https://www.cryptopia.co.nz/ [withdrawal page]
Exchange name: hitbtc Exchange URL: https://hitbtc.com/ Fee structure/rate: 0.001 btc Source: https://hitbtc.com/account [withdrawal page]
Exchange name: bittrex Exchange URL: https://bittrex.com/ Fee structure/rate: 0.001 btc Source: https://bittrex.com/ [withdrawal page]
Exchange name: tradesatoshi Exchange URL: https://tradesatoshi.com/ Fee structure/rate: 0.002 btc Source: https://tradesatoshi.com/FeesStructure
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/
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
Newbie
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February 21, 2018, 12:13:30 PM |
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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
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ThachSanhTp
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February 21, 2018, 12:28:19 PM |
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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
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LbtalkL (OP)
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February 21, 2018, 12:29:03 PM Last edit: February 21, 2018, 12:39:21 PM by LbtalkL |
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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.
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LbtalkL (OP)
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February 24, 2018, 08:34:13 AM |
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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.
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magneto
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February 25, 2018, 07:31:34 AM |
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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.
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jtipt
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February 25, 2018, 03:23:33 PM |
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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
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buwaytress
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February 25, 2018, 06:28:08 PM |
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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...
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LbtalkL (OP)
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February 26, 2018, 04:03:12 AM |
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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.
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buwaytress
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February 26, 2018, 02:49:29 PM |
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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.
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LbtalkL (OP)
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March 02, 2018, 09:09:30 AM |
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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.
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Addisonbt
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March 07, 2018, 06:21:43 PM |
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Hey guys
Any solution please with min fee convert 2.87 BTX -> BTC wallet
I think Bit-z.com fee .0005
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LbtalkL (OP)
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March 08, 2018, 05:38:02 AM |
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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.
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timerland
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March 08, 2018, 07:38:17 AM |
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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!
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xianbits
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March 08, 2018, 07:55:06 AM |
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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.
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TheQuin
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March 08, 2018, 08:25:29 AM Last edit: March 08, 2018, 08:38:25 AM by TheQuin |
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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.
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Zocadas
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March 09, 2018, 12:17:25 AM |
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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.
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lite
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March 09, 2018, 02:19:30 AM Last edit: March 09, 2018, 05:29:14 AM by lite |
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Can you add kraken,bitstamp and gdax on the list? kraken has 50k sats withdrawal fee, bitstamp and gdax have no withdrawal fee.
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magneto
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March 09, 2018, 07:18:22 AM Merited by richardsNY (1) |
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You should definitely add a format for new additions. E.g.: 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.
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