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Ararbermas (OP)
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October 17, 2018, 05:46:00 PM |
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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?
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randythered
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October 17, 2018, 06:27:08 PM |
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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?
Trading fees don't tend to be more than 0.25% with a lot now at 0.1% or less. As for withdrawal fees they're normally a fixed amount and for some coins on some exchanges are ridiculously high when considering usd amount. It also largely depends on how much capital you are trading with given the fees are fixed, if you're trading with a small amount then the fees will hit you too hard to be able to profit. |
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smoolae
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October 17, 2018, 06:33:54 PM |
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Yeah, the fees on some exchanges are indeed horrendous  . You cannot use too little amounts of money for trading for exactly this reason, the fees will eat away your small profit pretty quickly without you even noticing. Gotta be careful. |
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bttmember
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Activity: 938
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AMEPAY
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October 17, 2018, 07:23:18 PM |
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Yeah i have also experienced this especially hitbtc and a few others charge very high amount of coins as a withdrawal fee which is not right, sometimes we do not have any option because the intended coin or token is only available at a specific exchange, i think we should discourage such exchanges by not using them so that they realize that they are charging very high fee and then start charging less fee.
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Crypdon
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October 17, 2018, 07:37:10 PM |
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The minimum fees on mercatox are quite high so you need to build up a fair pot of coin before you withdraw it. Hopefully these new decentralised exchanges will be easy to use, reliable, and more importantly have cheap fees
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Oniko
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October 17, 2018, 07:53:52 PM |
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After increasing the exchange fee for BINANCE, I am looking for an alternative exchange.
It is difficult to find a stock exchange with the same security and cheap withdrawal fee.
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Abeleez
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October 17, 2018, 08:15:02 PM |
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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?
I have always known of such fees to be on the high side but also worthy of mentioning is the fact that the current market situation has in a way contributed to it. There are many factors responsible for the situation including the peculiarity of the exchanges. |
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Tcpark
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October 17, 2018, 08:23:51 PM |
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That's why i'm using Binance with 0,075% fee, Kucoin with 0,05% and Bilaxy with 0.1% . Soon starting new exchange with 0% fee..
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w33man
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October 17, 2018, 08:34:31 PM |
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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?
It's true that some exchange fees are really expensive. Decentralized exchange also requires you to hold some Eth to pay the gas price when trading, which is I think a hassle if you are just going to buy or sell a little amount of a certain cryptocurrency. |
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renes
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October 17, 2018, 09:20:05 PM |
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Fees are high, but nothing to do, you may try to increase your trading volume but most traders are little players so only whales enjoy lower fees.
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Wandika
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Activity: 508
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In CryptoEnergy we trust
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October 17, 2018, 11:06:25 PM |
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Fees are high, but nothing to do, you may try to increase your trading volume but most traders are little players so only whales enjoy lower fees.
This what sucks sometimes when we just need to sell that coin that seems to only to pump now but then we are lose in fee or we need to pay more in fee than we seek or buy. |
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Yurkov
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Pepemo.vip
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October 17, 2018, 11:24:44 PM |
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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?
Usually, fee depends on the coin you want withdraw. It is true that on many exchanges these fees are very high. I usually change altcoins to Litecoin - from my observations LTC has the smallest fee. Try in that way  |
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CuriousGeorge
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KUWA.ai
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October 17, 2018, 11:39:04 PM |
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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?
Can you tell me which exchange that applied highfees? I remember just like hitbtc was charging more than $50 for everywithdrawal from their exchange site. It's not normal basically that doesn't make sense to see that. if that was a not popular exchange and they must apply a little fees for withdrawal. but they are very greedy. |
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larkinvain
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October 17, 2018, 11:54:17 PM
Last edit: October 18, 2018, 12:51:06 AM by larkinvain |
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Could you please mention the exchange name? Because I trade in Hitbtc, Bianance, Kucoin, Coinbene and Bibox exchangers and every exchange takes a decent amount as a withdrawal fee. Almost 4 USD is a common withdrawal fee, if some exchanges take more than 4, then you should avoid that exchanger.
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Ribbitforum
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October 17, 2018, 11:55:55 PM |
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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?
if the exchange is not yet popular you can really expect that the fee is high, because they don't have funds to run the exchange without a high commission if there is not enough trading. |
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HellDiverUK
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October 18, 2018, 01:01:28 AM |
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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?
if exchanges is centralized i can understand why fee is so high, try use real decentralized exchange like forkdelta or etherdelta.. |
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Golftech
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October 18, 2018, 01:35:57 AM |
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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?
if the exchange is not yet popular you can really expect that the fee is high, because they don't have funds to run the exchange without a high commission if there is not enough trading. It should not be that way, how can they attract more traders to use their platform if they've got a huge fees, but in contrary maybe it is the only way that they can generate profits and take care of securities, we do have decentralized platform where you can trade your coins else, wait for bigger exchange to list your coins for much lower fees. |
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limmousine
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October 18, 2018, 02:29:24 AM |
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exchange platform is very helpful for us as a place to buy or sell our assets and I think this is normal, a fee is a reply because we have used the platform. so if we are not happy with high fees, then we can trade in other exchanges that have a low fee.
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batang_bitcoin
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October 18, 2018, 03:52:36 AM |
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How do you trade? that also depends on your withdrawal strategy.
I think you are taking out your balance immediately when you have earned at least a little. Try to change the habit when you withdraw and only withdraw when you have earned that much so you can save yourself from high fees. If you are withdrawing every time you trade, you will definitely obliged and moved by those fees.
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AlexandrInt
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October 18, 2018, 04:57:22 AM |
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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?
It does not depend on the situation on the market, they usually try to exchange small amounts, which are almost half divided by commission fees. So it is better for you to accumulate a large amount for exchange or to search for an stock exchange with small commissions. |
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