exchange fees that no one talks about

[shinratensei_]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

I will prefer to use major exchange site which has already charged a few bucks. Remember hitbtc can be considered as an exchange site which has been putting non sense transaction fees. Someone stated that he got up to $50 to pay the fees only. i can get a few bigmac for that

[SRKNGL]

You can choose coins with lower fees. One of them is the NEO and the other is the XRP. Both commission rates are lower and faster than other coins.

[BitcoinHodler]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

I will prefer to use major exchange site which has already charged a few bucks. Remember hitbtc can be considered as an exchange site which has been putting non sense transaction fees. Someone stated that he got up to $50 to pay the fees only. i can get a few bigmac for that

there are actually a lot of exchanges that have high withdrawal fees. specially when it comes to altcoins. for example last time i checked Yobit (a shitty exchange that shouldn't have such high fees) were charging 0.01 BCH per withdrawal which is ridiculously high since they pay about 0.00001000 BCH fee themselves.

You can choose coins with lower fees. One of them is the NEO and the other is the XRP. Both commission rates are lower and faster than other coins.

you may wanna read the topic before answering next time...

[cabron]

Yep, that's how abusive they can charge. Sadly there is nothing you can do to it but to move to a cheaper exchanges link binance where you will have to also buy BNB for the trade fees. Make sense why there is huge volume to this exchange particularly because of this charges.

You can choose coins with lower fees. One of them is the NEO and the other is the XRP. Both commission rates are lower and faster than other coins.

There's a tip why XRP has bigger volume because its a way to make money out of it.

[SaRmY]

I think all these projects are based on profit. This is a tricky strategy. However, I think that to support the work of the exchange you need qualified personnel. Whatever money is stolen. Therefore, from these commissions, the exchanges pay their employees and bear other expenses.

[TooDumbForBitcoin]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

lol    You don't need an exchange to use transactions in Bitcoin Network. Start here please https://bitcoin.org/en/getting-started
If you need to trade then you must to pay fees for a service.

[crzy]

The withdrawal fees are somewhat tied to the mining fees, but yeah, heavily overpriced over it. This is one of the steadiest rent-seeking and profit sources for the exchanges. They are acting not much different than banks, so far.

Exhanges earns a lot of profit through the fees, from trading up to withdrawal of your money they have cost so its hard to stop them from being over price. Well, it is still cheaper and a faster transactions compare if you use banks to transact around world.

[masterrex]

it is because bitcoin is decentralized and the fees are network fees, while exchanges are centralized and the fees are the cost of using their services. if you don't like them here is not the place to complain, you should complain to the exchanges and their support instead.

additionally it is about the fact that not everyone uses exchanges. so you only have a smaller portion of the community that get involved with exchanges while the rest never even visit an exchange in their lives. but everyone uses bitcoin.

p.s i am not saying you are wrong though. i agree that they are charging outrageous fees.

BitcoinTalk is a forum about Bitcoin and Crypto-currency. So that means every topic that connected to Bitcoin and involve its users is considered as important matter. Since the topic is about Huge transaction fees on exchange and i believe most people involve in cryptocurrency has already experienced it. I think the topic is important matter since including me are also experiencing that frequently when im doing a withdrawal. But not all exchange is deducting that $10 dollars withdrawal fees on Bitcoin as per my experienced is concern.

[Galantin]

I recently stumbled upon the fact that the exchange has limited the number of tokens that can be displayed. The minimum transaction there was 100,000 tokens. Absolutely gone. The exchanges also create problems.

[burky156]

Yes i agree with you on this, we are paying great ammount of money to exchanges and i believe there is no cure for it right now. There are too many altcoins, maybe more than 3.000 and so there are too many exchanges and they are making their own rules and we need to use them for trading, there is no escape for that. There should be some exchanges that you can trade all tokens there otherwise we have to stick with many exchanges with their high fees.

[LordShanken]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

You're right. I did not know that tradesatoshi wants as much as $10 for withdrawal, but those exchanges I know want about $4 and it also is a lot in my opinion. Only decentralized exchanges have a relatively small fee. That is why I think that it is the decentralized exchanges that are the future for the cryptocurrency market.

[cryptomaster420]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

You can never know how many inputs an average deposit transaction takes.
When the mempool was filled, many people needed to pay upwards of $1000 in tx fees simply because of a HUGE number of inputs that increased the size of the transaction.
Ethereum, Bitcoin cash and Stellar ALL have smaller withdrawal fees on exchanges EXACTLY because their tx fees never got as high as those of btc. It's all connected.

[Sanford]

  Given the fact that hunters are now paying too little ... This is robbery). If you get $ 4 - $ 10 on the bounty, you still have to. Only still it would be necessary to find money for transaction)

[cudora]

Try to use more modern crypto currencies like Litecoin or Ethereum. The Fees by such coins are much lower and you won't face such problems at all. Moreover, with Ethereum hardfork the devs are promising to reduce the fees.

[Fredomago]

The withdrawal fees are somewhat tied to the mining fees, but yeah, heavily overpriced over it. This is one of the steadiest rent-seeking and profit sources for the exchanges. They are acting not much different than banks, so far.

Exhanges earns a lot of profit through the fees, from trading up to withdrawal of your money they have cost so its hard to stop them from being over price. Well, it is still cheaper and a faster transactions compare if you use banks to transact around world.

They take this as advantage and money generating system to their service, we can't deny the fact that exchange really gaining a lots with tons of transactions and tradings from time to time, they keep generating profits to each traders who are using their exchange, it's business anyway and we just need to embrace system that already exist as we do have options to select which exchange offers much lesser one.

[joromz1226]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

I do not see an exchange platform that does not charge a transaction fee who withdraw coins. Almost all of the exchange in bitcoin/crypto trading whether decentralized or centralized they had their transaction fee in every withdrawal. Then most of the fee in the top 10 exchange  platform in the market was below 10$.

[unusualfacts30]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

that title sounds like what I would see on you-tube but to you point, there are other exchanges that do not charge much in fees and you're free to move from exchange to exchange to see what fits your needs. It's their business so there is not much to say on how they should run it other than switching platform.

[levyashin]

It is basically reason why there is more than 100 exchange

Everybody wants to take that easy money.

[ATSgrowth]

how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.

Every exchange has diffrent fee. The paradox is that the smaller exchanges have higher fees.
That is why Binance is the bigest one because they offer almost zero trading and transfer fees.

[AristoteI]

In order not to fall into such unpleasant situations when you have deposited a significant amount of money in your exchange account, and then you have to pay very high commissions for withdrawal - before you make your deposit you should always check and familiarize yourself with the commissions of this exchange. This will allow you to avoid significant costs.