High fees on some exchange!

[CryptoTech_]

Take HitBTC as an example as far as I remember they do charge out withdrawal fee of 0.01 and it haven't changed ever since.Dont know how pathetic they are
on imposing huge fees even the network status isn't that congested that's why one time when I used up this exchange I do convert it into some alts
and find for the best possible lowest fee.

0.01 for ETH right ? i think that's normal because the average of all exchanges is like that now, and I think they will reduce it when the price of the coin continues to rise

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[chipzeru]

That's insane How can they have a high withdrawal fee even they're not that popular?

I came across on some unpopular exchanges but their fees are not high only a few cents if you want to withdraw your coins.

I wonder where they get that idea on making their withdrawal a little bit higher.

I'm also wondering the same thing. I still don't get why some unpopular exchanges have high withdrawal fees. For example, the withdrawal fees of EOS on Coinexchange is 1 EOS while Kucoin only cost 0,1.

[silversurfer1958]

Altcoin nowadays are listed on some exchange which has high fees.  I tried to trade to increase my portfolio despite of this situation but still useless because of the amount of fee is when it comes withdrawal.!

 Is this normal because of the current situation of market?  Or a normal amount of  fee especially if the exchange is not yet popular?

You should trade in top exchanges because I don't think the top exchanges will lose a lot of fees when withdrawing, for example you can trade in Binance, Huobi with very low withdrawal fees.
For some small exchanges like Coineal, IDAX with high withdrawals, you should choose Litecoin or XRP to get the lowest withdrawal fee.

[omonuyak]

Altcoin nowadays are listed on some exchange which has high fees.  I tried to trade to increase my portfolio despite of this situation but still useless because of the amount of fee is when it comes withdrawal.!

 Is this normal because of the current situation of market?  Or a normal amount of  fee especially if the exchange is not yet popular?

The new exchange has reductions in fees and I think were fees are high is in the old exchange. We have some old exchanges that withdraw charges are extremely high and if you are to sell tokens there it will be used less. Competition is increasing and as such we should expect no fees in future when the decentralised system is fully implemented.

[mr_random]

Some exchange has high trading fee and withdrawal fee. I will advice you to use Fatbtc exchange they have one of the most friendly trading and withdrawal fee. Binance is also preferable to use

What kind of withdrawal fees are small compared to the zero withdrawal fee of Bitstamp? Even Bitcoin withdrawals are free and they send all withdrawal requests in the single batch of transaction.

Wow, I really just found out about this. Do many people use the Bitstamp Exchange? I personally have never done any transactions there. Because most of the altcoins I have have never been there. And if the Bitstamp exchange has never been a problem, of course it's a good exchange without a fee.

is that serious? without transaction fees? then how do they develop their platform? I have never heard of the exchange. if you have a decent volume, there will be lots of traders interested in the exchange.

As far as I know, Bitstamp doesn't require any withdrawal fee from traders. It is free to make a withdrawal request but they use multisignature addresses for both BTC and ETH withdrawal and they made new rules regarding withdrawal fees. Their new updated fees will go into effect after 1 August. New fees are expected as 0.0005 BTC per Bitcoin withdrawal and 0.001 ETH per Ethereum withdrawal.

[Twinkledoe]

Altcoin nowadays are listed on some exchange which has high fees.  I tried to trade to increase my portfolio despite of this situation but still useless because of the amount of fee is when it comes withdrawal.!

 Is this normal because of the current situation of market?  Or a normal amount of  fee especially if the exchange is not yet popular?

definitely true in some exchanges the exchange fees always increasing because of lots of reasons but we need to understand the situation also then only we can explain this increment is hundred percent true or bad.

But with tough competition, new and small exchanges tend to have lower fees. But one disadvantage is the difficulty of trading your coin with them, as they usually have no volume or very slow movement in trading. So it depends on you as a trader, if you need fast movement or you are willing to wait for the sake of getting low withdrawal fees.

[Smokey23]

YoBit takes the cake with a 500 DOGE withdrawal fee or 0.01BTC withdrawal fee.

Not come across any other exchange with such a high fee structure for withdrawals.

[SolarWindMiningCompany]

since there is no regulation and also since there is little competition in some cases of exchanges, that means they can do whatever they want and charge whatever high fees they want. additionally there are a lot of other negative aspects to this which makes the whole exchange platforms bad such as the lack of security and lack of support.
it is normal and we can't do anything about it. take a look at decentralized exchanges, we need to eventually move away from these bad centralized ones.

Is is one of the reasons Decentralized exchanges are better that Cex. The monopoly they exert on the market is enough to impact it negatively. It is the more reason why I rate kucoin high too because of its keen interest in minimising platform trade fees

[MBMauL]

Is is one of the reasons Decentralized exchanges are better that Cex. The monopoly they exert on the market is enough to impact it negatively. It is the more reason why I rate kucoin high too because of its keen interest in minimising platform trade fees

traders will like exchanges with cheap transaction fees and cheap withdrawals. When exchanging it, I think the exchange will be a favorite of traders and have a high trade. although the benefits obtained are also not so great compared to the benefits of other exchanges.

[Smokey23]

YoBit takes the cake with a 500 DOGE withdrawal fee or 0.01BTC withdrawal fee.

Not come across any other exchange with such a high fee structure for withdrawals.

yobit exchange? I will never even trade there. we can see a lot of bad reputation and scam from this platform. never trust a fight like that, even though the transaction fee is free, I will not trade there.

Yes Yobit Exchange.   I sent some funds there to try out their investbox. I didn't meet the criteria for returns. I was able to withdraw my funds without any issues - had to convert to LTC to save withdrawal fees.

[cassavachips]

Almost all exchanges now require expensive fees for withdrawal, this will be difficult for those small players. But this can be overcome by making a withdrawal several months so that it doesn't cost too much, or you can also use altcoins that still have low withdrawal fees

[Marckolind]

There is no doubt in my mind that Stakenet DEX will be extremely popular, based on reading this topic, haha.

Near instant transactions, close to no fees using lightning.
It's the perfect combination really. Speed, and low fees. Best of both worlds!

[khiholangkang]

Yes Yobit Exchange.   I sent some funds there to try out their investbox. I didn't meet the criteria for returns. I was able to withdraw my funds without any issues - had to convert to LTC to save withdrawal fees.

You have to be careful with investbox on yobit, many people who have been deceived there don't let you be fooled, if you have managed to withdraw your money there, never again to try to put it there again

[Smokey23]

Yes Yobit Exchange.   I sent some funds there to try out their investbox. I didn't meet the criteria for returns. I was able to withdraw my funds without any issues - had to convert to LTC to save withdrawal fees.

You have to be careful with investbox on yobit, many people who have been deceived there don't let you be fooled, if you have managed to withdraw your money there, never again to try to put it there again

Yes I agree, I read about many people having problems with Yobit.  I will not be sending any more coins to YoBit, it's too risky!

[michellee]

If the exchanges can give the best things for us, then I don't mind to pay the high fee because I don't want to get any trouble in deposit or withdraw or any other things. That is normal if many exchanges apply the high fees for withdrawing because they need to pay the fee of the hosting, maintenance website and else. But we have many options to join in the exchange, and we don't like with one exchange, we can move to the other exchanges.

[akram143]

If the exchanges can give the best things for us, then I don't mind to pay the high fee because I don't want to get any trouble in deposit or withdraw or any other things. That is normal if many exchanges apply the high fees for withdrawing because they need to pay the fee of the hosting, maintenance website and else. But we have many options to join in the exchange, and we don't like with one exchange, we can move to the other exchanges.

When people doing crypto trading as a main profession then they will look for an exchange with very low fee and this kind of people needed for the exchanges to gain the reputation among the market. So they need to provide best thing with cheap prices to gain reputation and also adoption from the other traders from doing this also they can make more money and also get profits. Simply asking more fee well make them to be in losses after years.