Stocks.Exchange withdraw charge up to 0.004BTC！

[Azima85]

I think also stocks.exchange has a high minimum value of withdrawals. So, they basically force people to keep their BTC on the exchange. This for me is unacceptable to be honest. Especially, with fees being reduced all over, and the number of transactions is not going up as far as I know..Their only advantage is that they have some gem alt coins..however I prefer other exchanges now (CB, ogre, Crex, Altex, etc..)

Indeed after I checked, stocks.exchange requires a minimum withdrawal of 0.009 BTC and a fee of 0.004 BTC which is insane. However, you can convert your BTC to LTC or Doge (I prefer LTC because one can use it in more exchanges) and then withdraw. Withdrawal fee for LTC is 0.003. You just pay extra the trading fee for converting from BTC to LTC but definitely much better than paying 0.004 BTC in fees.

[entrepmind23]

there was an increase in the number of unconfirmed transactions in the mempool but even with that rise the fees weren't that high to force them to charge such a huge amount (400k satoshi) that is about 1600-800 satoshi/byte depending on the size of the transaction which is usually 250-500 bytes that exchanges use. any way you think, it is unreasonable in my opinion.

A 400k satoshi withdrawal fee is just too much and if one do not have enough funds then better exchange it to another coin and send your funds. There are other choices if you need the funds without spending too much for a fee. Maybe wait for sometime if you opt to withdraw bitcoin if you are uncomfortable withdrawing other coin.

For now, bitcoin transaction fee for median transaction of around 225 bytes is 46k satoshis so a charge by an exchange with that amount is just unreasonable. You can check the transaction fee in here for reference https://bitcoinfees.earn.com/

[josephdd1]

I think also stocks.exchange has a high minimum value of withdrawals. So, they basically force people to keep their BTC on the exchange. This for me is unacceptable to be honest. Especially, with fees being reduced all over, and the number of transactions is not going up as far as I know..Their only advantage is that they have some gem alt coins..however I prefer other exchanges now (CB, ogre, Crex, Altex, etc..)

Indeed after I checked, stocks.exchange requires a minimum withdrawal of 0.009 BTC and a fee of 0.004 BTC which is insane. However, you can convert your BTC to LTC or Doge (I prefer LTC because one can use it in more exchanges) and then withdraw. Withdrawal fee for LTC is 0.003. You just pay extra the trading fee for converting from BTC to LTC but definitely much better than paying 0.004 BTC in fees.

That's really useful to know as I might have to make an withdrawal but I was contemplating since the fee is so ridiculous. I guess I can just do a conversion first as LTC rate seems way more reasonable. Thanks!

[Iwillgotothemoon]

0.004 BTC is an incredible price. If you are very wealthy, you can do this, but as an ordinary trader, this is a high fee that you cannot afford. I do not understand that they set such a high charge for player. what is the benefit?

[scooby_doo23955]

I am really sad at such high costing for withdrawal. If this continues and the cost in not decreased I may switch to some other coin. I am really frustrated.

[jack.anroid]

I think for the transaction fees a minimum and maximum amount can be made so that none of the parties get harmed.

[Oilacris]

This is an amazing number. They explained in their Twitter like this:

BTC network is EXTREMELY overloaded and we are forced to increase withdrawal fee up to 0,004 BTC.
Please, do not withdraw without urgency!
Once the network get free, we will decrease the fee.🧐

https://twitter.com/StocksExchangeR/status/1009441676878843904

What do you think? Is this exchange worthy of trust?

What a lie and an invalid excuse. They are charging too much yet on the current price of bitcoin it is already on $24 fee which is really too ridiculous for them to charge and its clearly they are making out money on that one which this is really a valid reason not to make use of this exchange. There are lots of exchange which do charge less why do make use of this site?
Ive been checking out unconfirmed transactions in the network all are just fine https://blockchain.info/unconfirmed-transactions Theres no valid excuse.

[cryptotaste007]

As the bitcoin network is overloaded at a very high rate, the withdrawal fee is also increased and reached up to 0.004 BTC. This rate must be reduced to keep up the crypto market it will make the market collapse.

[BitMaxz]

This is an amazing number. They explained in their Twitter like this:

BTC network is EXTREMELY overloaded and we are forced to increase withdrawal fee up to 0,004 BTC.
Please, do not withdraw without urgency!
Once the network get free, we will decrease the fee.🧐

https://twitter.com/StocksExchangeR/status/1009441676878843904

What do you think? Is this exchange worthy of trust?

What a lie and an invalid excuse. They are charging too much yet on the current price of bitcoin it is already on $24 fee which is really too ridiculous for them to charge and its clearly they are making out money on that one which this is really a valid reason not to make use of this exchange. There are lots of exchange which do charge less why do make use of this site?
Ive been checking out unconfirmed transactions in the network all are just fine https://blockchain.info/unconfirmed-transactions Theres no valid excuse.

I think its normal to increase the fee due to high numbers of transaction happened today and according to the PM from the exchange they will forced to increase the fee up to 0.004 btc it means that they will increase the fee but not exactly 0.004 for every withdrawal.
Anyway, going to another exchange site with less fee is the right decision for now because the network is slow due to many transaction made these days.

[JacobLiam12]

I think the fee is way too high. I won't be able to transact with this high amount.

[salinagomez]

Crypto currency is very famous nowadays based on this crypto market is created also this stock exchange charges 0.0004 or 0.0005 btc which is really high I think also this fees should reduce and many people who have less investment they will suffer a lot so this is really intolerable.

[yogg]

Seems to me like it changes a lot.
I remember yesterday that fee was 0.001, this is why I went through dogecoin, but now I can see the fee is 0.0015 BTC.
However I don't recall seeing it at 0.004. Maybe during last moon when there was a lot of unconfirmed transactions

[Oilacris]

This is an amazing number. They explained in their Twitter like this:

BTC network is EXTREMELY overloaded and we are forced to increase withdrawal fee up to 0,004 BTC.
Please, do not withdraw without urgency!
Once the network get free, we will decrease the fee.🧐

https://twitter.com/StocksExchangeR/status/1009441676878843904

What do you think? Is this exchange worthy of trust?

What a lie and an invalid excuse. They are charging too much yet on the current price of bitcoin it is already on $24 fee which is really too ridiculous for them to charge and its clearly they are making out money on that one which this is really a valid reason not to make use of this exchange. There are lots of exchange which do charge less why do make use of this site?
Ive been checking out unconfirmed transactions in the network all are just fine https://blockchain.info/unconfirmed-transactions Theres no valid excuse.

I think its normal to increase the fee due to high numbers of transaction happened today and according to the PM from the exchange they will forced to increase the fee up to 0.004 btc it means that they will increase the fee but not exactly 0.004 for every withdrawal.
Anyway, going to another exchange site with less fee is the right decision for now because the network is slow due to many transaction made these days.

I hadnt notice that "up to" word but still the possibilities on hitting up that kind of fee wont really be appealing as a trader.You do know they can possibly charge up that high depending on cases which will surely affect your profitability. Delayed transactions either due to overload or slow moving/pace isnt really suited reason nowadays.

Why would i choose up this exchange if i can use better and reputable ones?

[Oceat]

This is an amazing number. They explained in their Twitter like this:

BTC network is EXTREMELY overloaded and we are forced to increase withdrawal fee up to 0,004 BTC.
Please, do not withdraw without urgency!
Once the network get free, we will decrease the fee.🧐

https://twitter.com/StocksExchangeR/status/1009441676878843904

What do you think? Is this exchange worthy of trust?

What a lie and an invalid excuse. They are charging too much yet on the current price of bitcoin it is already on $24 fee which is really too ridiculous for them to charge and its clearly they are making out money on that one which this is really a valid reason not to make use of this exchange. There are lots of exchange which do charge less why do make use of this site?
Ive been checking out unconfirmed transactions in the network all are just fine https://blockchain.info/unconfirmed-transactions Theres no valid excuse.

I think its normal to increase the fee due to high numbers of transaction happened today and according to the PM from the exchange they will forced to increase the fee up to 0.004 btc it means that they will increase the fee but not exactly 0.004 for every withdrawal.
Anyway, going to another exchange site with less fee is the right decision for now because the network is slow due to many transaction made these days.

I hadnt notice that "up to" word but still the possibilities on hitting up that kind of fee wont really be appealing as a trader.You do know they can possibly charge up that high depending on cases which will surely affect your profitability. Delayed transactions either due to overload or slow moving/pace isnt really suited reason nowadays.

Why would i choose up this exchange if i can use better and reputable ones?

Exactly, why would you use that exchange if you can find a better one. If they are like that ever since from the start then it is not worthy to put your money there. Just like you said as a daily trader it hurt too much as your profit is not that big enough to cover up the fees. I would rather find another exchanges that cost less than to settle on that exchange.

The only thing that ask too much fees was the miners last year when Bitcoin was still higher than today and it's not a good excuse to raise the fee.

[AldoCrawley]

Mainly Crypto currency is leading the online market also nowadays its very famous and many investors are investing money in crypto market but if the rate is this amount then it will be trouble for us because I guess this charge is too much so they should think about it.

[PangLima Coin]

but right now stock exchange has good development,more and more coin and token added every week i saw

the support team always give the questions and problem from the member,unlike long time ago which we are so hard to contact them when we got problem

[greenvally]

Stock market and crypto market has some similarity. But stock exchange withdraw money is 0.004BTC it is not exactable. Because this charge is too high. That’s why i think stock market is very sensitive for invest.

[garymorgen]

This is not a good news. Stocks exchange is a platform where worldwide investments can be done by cryptos. But if the fee remains this high, it won’t be beneficial for the investors.

[moeth]

0.004BTC is a very high withdrawal fee. This is obviously not a fair exchange should set the cost, but just after I checked in the Stocks.Exchange inspection and found that their BTC withdrawal costs have been reduced to 0.0015BTC, but this The cost is still very high in my opinion.