High fees on some exchange!

[tondenga2122]

Broo.. There are several coins such as XLM,TRX or USDT that you can use for withdrawal. It has low fees compared to other altcoins.

[carriagehoodlum]

the high cost of every transaction on the exchange if shared with the comfort and security of the user I don't think is a big problem.

Are you serious? even if you try to trade on the HITBTC exchange you will find out how important cheap transaction and trading costs are. if you only sell a few and not often you might not feel, but for the daily trader it must be very influential.

[ginobitcoiner]

the high cost of every transaction on the exchange if shared with the comfort and security of the user I don't think is a big problem.

Although in reality the amount of transaction costs, it is not balanced with comfort and security as you say.
that's what I think is not balanced with the service that the exchanger gives to its members.

[m.rifki]

It's very excessive in my opinion with the costs that must be incurred in conducting transactions in my opinion. Each exchange will have very different costs compared to other exchanges.

even for each asset we transact and we withdraw have a difference. we must know that before trading in an exchange, because we should not regret making withdrawals with assets that have very expensive costs.

[TopT3ns]

But in other side, we shouldn't forget about different price between exchanges. From what i read in here is people should look price of the coin that they want to use as withdrawal. Because if we withdraw big amount of money, 1 satoshi different in dogecoin for example, could be more than exact fee if we withdraw with bitcoin.

bitcoin becomes an asset that may have a large transaction fee or withdrawal from an exchange. very different from dogecoin, withdrawing our money with dogecoin will be very cheap. I usually use it, but not all exchanges have registered dogecoin.

agree with your opinion I think if we withdraw assets from the exchange, transaction costs need to be considered and usually to attract bitcoins from exchange costs are quite large, so we have to choose coins that have cheap transaction fees as you mentioned.

It caused by the transaction fees depend on the blockchain and the exchange sites are only putting the fees based on the how much tx fees for each transaction that applied to the blockchain by that time. that's why alternative chain will always become the best solution.

My point is when we use dogecoin for example,we must see price between exchanges that we use to receive our dogecoin. Because when price different only 1-2 satoshi in orderbook, must count it is more than fee in bitcoin or not.

[Dpat]

There are many exchanges that is charging the high fees for the withdrawal. Because of this the trader can't withdraw it's coin to convert this to fiat. Also, many low quantity of coins lying on the platform forever until you wouldn't have deposit the same coin. Bittrex and HitBtc always charging the high on withdrawal.

[Mihaylovic]

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 is not normal. and it is not about the bear market situation. you should check the rules of the exchange platforms. some of them has their own coin and you can reduce the fee by using those coins.

[jebul2]

this is what I complain about when trading on large and small exchanges has to pay a very large amount, but in my opinion this is already an exchange rule that is already in effect and I always choose very cheap exchanges to trade but depends on the coins we will sell

[unusualfacts30]

I can agree with that sentiment but you always an option if you choose to use it. You can either use dex or go with small exchanges who charge small fees or no fees for deposit and withdrawal. I find older exchanges are more likely to charge heap of fees due to their reputation. Exchanges that are just starting need more people so they will offer you less or no fees. Alternatively, you can wait till old exchanges offer you some kind of discount before withdrawing your alts. that is to say you're not in a rush.

[efrenbilantok]

High fees on some exchanges sometimes are due to covering the expenses to keep the website alive, this commonly happens in some low volume exchange for the fact that "few traders = low income for exchange site"
I usually avoid low volume exchange because high fees is pain in the ass plus not reputed.

[Mr.ZODIAC]

I try to use exchanges with a high rating, because they are much simpler and interest is much less.  In addition, for me, a large role is played by the functionality and availability of the exchange, where there is a minimum of difficulties, even if there is a large percentage for the use of resources.

[batang_bitcoin]

I don't complain about the fees of the exchange if the service they provide is convenient and there's no hassle while using them. I think it's okay to complain about the fees if you really think that amount is unacceptable but if its acceptable and not that much, why complain about the fees if you have no problem using them? I usually find these people odd about complaining with the fees though realizing on how much the fee is, it isn't really that much.

[Byakuga]

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'm glad someone makes a post about this i thought I'm the only one facing the issue,popular exchanges are demanding higher fees for altcoins and its really pain in the ass for me unless i use none too popular exchanges like stex

[sorrros]

Do you remember why Binance become the biggest crypto exchange? Due to low fees! So why we should trade anywhere else when Binance has one of the lowest fees?   

[MrPiggles]

Do you remember why Binance become the biggest crypto exchange? Due to low fees! So why we should trade anywhere else when Binance has one of the lowest fees?   

Except for Binance then Bitmax is an exchange with a much cheaper fee than other exchanges and this is a very famous exchange in the last 4 months so many investors are switching to this exchange a lot. I have personally participated in a lot of different exchanges and really only exchanges with cheap fees can last a long time. Now many other exchanges are appearing and we should consider the options carefully before starting trading

[rachman mahesa]

Do you remember why Binance become the biggest crypto exchange? Due to low fees! So why we should trade anywhere else when Binance has one of the lowest fees?   

You must know this fact. That there is an exchange that costs far less than the Binance Exchange. That is the Bcnex Exchange, this exchange is the official launch soon. And not only is the cost low, but in other cases such as deposits are also very fast. You can see all the details of the Bcnex Exchange here: https://medium.com/@bcnex/bcnex-overview-what-is-bcnex-at-first-glance-730f752fa2
You will be surprised

[Smokey23]

Withdrawal fees are almost criminal on some exchanges for some cryptos.  I've seen as high as 20USDT as withdrawal fees, its a nice racket. They shouldn't charge withdrawal fees, trading fees are more than enough for an exchange to operate at a very high level. Withdrawal fees is just greed.

[X-ray]

Withdrawal fees are almost criminal on some exchanges for some cryptos.  I've seen as high as 20USDT as withdrawal fees, its a nice racket. They shouldn't charge withdrawal fees, trading fees are more than enough for an exchange to operate at a very high level. Withdrawal fees is just greed.

where are you getting an exchange sites were putting a lot of fees to the users? 20 USDT is a lot and that is a non sense fees for me personally. the majority of exchange sites are charged based on how much amount that you wanna withdraw it and the condition of the blockchain of your coin. 20 USDT doesn't make sense at all.

[Samayuki]

Its your call to choose the best exchange with low transaction fee there are many exchanges available just find the one that will suit you

[cryptothreads]

Higher fees really matters, specially on the aspects of efficient trading capability. It doesn't matter for me as long as I've been doing great on my trading transactions. When there's better profit gains, I guess trading fees was just a smaller percentage compared to my profit.

For transactions over $1 million, it is really a very difficult problem for investors because each of their transactions must pay 0.1% fee. Most long-term investors only want to reduce transaction fees but big exchanges will never do that because it is the profit of the exchange. In my opinion, reducing fee is something that all exchanges need to do during this time because for me this transaction fee is still very high and we should reduce it to 0.02%