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Author Topic: exchange fees that no one talks about  (Read 549 times)
bartusv
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January 25, 2019, 11:51:05 PM
 #61

There are different exchanges with different fees. Before joining the exchanges we have to get informed about
their fees and chose the most preferable ones for us. Exchanges makes nice profit on fees, for example Binance
makes bigger profit than the Deutsche Bundesbank.

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whirlcoin
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January 26, 2019, 12:18:38 AM
 #62

There are different exchanges with different fees. Before joining the exchanges we have to get informed about
their fees and chose the most preferable ones for us. Exchanges makes nice profit on fees, for example Binance
makes bigger profit than the Deutsche Bundesbank.



Make a decision before exchange and get confirmed that you are going in the right way but when the demand increases father cryptocurrency that we are using and exchanging exchanging fish also definitely increases whether the demand increases increases the fees of exchange it will be the thing happening here.
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January 26, 2019, 04:23:33 AM
 #63

This is too low as compared to fiat trading as when you withdraw money in forex trading to skrill or any other e payment method the e-commerce business platform cut big fee. so i think in Crypto it is still too low.

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January 26, 2019, 04:55:08 AM
 #64

Used some exchanges where max high fee I encountered was 0.0005 BTC and you just don't pay to someone directly via exchanges.

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January 26, 2019, 05:21:37 AM
 #65

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 think about the transaction fee on the exchanger which is already very expensive to ship a small amount of bitcoin has been discussed, why not no one talks about because there are still other problems that are more important than fees. after all it's a network fee, the site itself doesn't take much , they take fees from trade markets not fees, regarding the solution you can exchange bitcoin to doge, ethereum or ripple.

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joseyphil82
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January 26, 2019, 06:32:10 AM
 #66

Yes I go against that too,the withdrawal fees for almost all altcoins on exchanges are killing ,the only one I know of that's easy on me is tradeogre and most coins on there are cryptonight based coins ,cryptopia is better too but nota active anymore due to hack

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January 26, 2019, 06:35:04 AM
 #67

I am never withdraw from exchanges in bitcoin, fees very high.
Better convert it to the ETH and then withdraw, but the most cheap is withdrawing in DOGE, price of DOGE stable and dont dropped in one day

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Bitfling
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January 26, 2019, 06:41:21 AM
 #68

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 think withdrawal fee from exchanger is depend on what coin we withdraw. Some exchanger having low fee if we withdraw altcoin. If we withdraw bitcoin, most exchanger fee is 0.001 btc and i think its very cheap if compare bitcoin price. There is many option if we think bitcoin withdrawal fee too high, we can use ethereum or doge or others altcoin
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January 26, 2019, 07:55:18 AM
 #69

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 get your point there. With every withdrawal transaction they gain so much while the investors carry all the burden when depositing, trading and with withdrawal as well. As for me it's just fine if they would charge for every transaction with the exchange but they could charge lower so that the investors could also get some gains.
bitcoinmar
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January 26, 2019, 09:28:12 AM
 #70

That is the fee for exchange that you participate in the transaction, it is a source of income for them to operate for that exchange company apparatus. I remember that at the peak, every time you withdraw USDT takes up to $ 25 fee
semobo
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January 26, 2019, 09:42:21 AM
 #71

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.
Centralized exchanges have their own fee structure of you are like to use that exchange you need to pay the fee what they are asking for and there are some decentralized exchanges where the fee is very less and we still going to see lot of best exchange so don't disappoint now.
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January 26, 2019, 10:34:56 AM
 #72

I think there is no need to worry about exchange fee because it’s been announced already
But for bitcoin transactions fees, it depends on the day which is not equally fair at all

None the less, no reason to complain
It’s all cheap from my perspective
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January 26, 2019, 10:51:04 AM
 #73

I agree that the exchange makes large commissions for withdrawal, I also noticed that on different exchanges there are various commissions, which means that someone is becoming impudent and someone acts according to his conscience, but I think that this cannot be avoided and this is sad. I think that Bitcoin can reach great heights in the future and there will be more commissions for newbies on the market.

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Stervyatnik
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January 26, 2019, 11:06:59 AM
 #74

Bitcoin is a decentralized system, so we see such a price when collecting commissions, no wonder!
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January 26, 2019, 11:56:24 AM
 #75

Question is, do you have a choice?

You want to trade then you should abide by their rules. Besides, if you know how to make money out of the exchange then you could still get it back.

This had been talked and also about the price difference of different exchange.
One more is the difference between the buy and sell price.
All of these you cannot control even when you go to the court. There is no exact price for crypto currencies
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January 26, 2019, 01:48:31 PM
 #76

Well, different exchanges have different fees for withdrawal while some are totally outrageously, others are  okay. There's little or nothing we can do, you either avoid those outrageous exchanges or use it like that if there's no other option. Latoken is one of them, the withdrawal fee is so high even for tokens and even the minimum deposit.
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January 26, 2019, 01:55:49 PM
 #77

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.
This is also from the other local exchanges that is why day trading is dicourage due to high bitcoin transaction fees. It is not a guarantee that even if you are a good trader you will be able to profit on it because just one market price fluctuations for sure all your profit will be erase or lost. This is why if one will invest in crypto then holding is the common thing that will going to happen.

When will these high fees be remove?
daniel002
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January 26, 2019, 02:39:51 PM
 #78

You should not try to withdraw your coins into bitcoin or ethereum when it comes from exchanges you should first trade it to altcoins that have lower withdrawal fees like tron, xvg, etc. This is a way faster and cheaper than withdrawing bitcoin.
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January 26, 2019, 02:47:15 PM
 #79

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.

Why not use binance and buy their very own token which is BNB? In this case, you can ensure that you will have a less transaction fee and trade as much as you wan on this exchange.

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January 26, 2019, 03:04:41 PM
 #80

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.

Why not use binance and buy their very own token which is BNB? In this case, you can ensure that you will have a less transaction fee and trade as much as you wan on this exchange.
He was interesting to discuss the exchange site which has applied a high transaction fee to the users. Binance could be a short answer but remember not all of the tokens are listed on the binance exchange site and you must understand this.

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