Did you notice top exchanges reduced the withdrawal fee?

[Shallow]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

Yes I noticed it too and it's more than overwhelming, and that's also part of the reason these exchanges keeps beating others. Seriously charging more than enough for withdrawal isn't good and makes one to wonder if we are really ready for what the future holds. At the same time there are exchanges which are yet to reduce theirs, I withdrew from one today and the fee was still 0.01Eth. Lastly I like the way it is going among these exchanges at least it would make them more serious.

[Vishnu.Reang]

Cryptocurrency users are forced to register with a large number of exchanges, because some of the tokens are only traded in one or two minor exchanges. So bounty hunters need to create accounts in dozens of exchanges, so that they could convert some of their earnings to hard cash. And the exchanges were taking advantage of this and fleecing them. Now the bounty campaigns are a shadow of the former self and the number of users registering to smaller exchanges have decreased. As a result, the exchanges are now being forced to reduce their fees.

[perla]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

Honestly i am rare to use ETH when withdraw from exchange. But i think it is good especially if price of the coin keep increased. Means the exchanger really flexible when take withdrawal fees from their users and it is not stagnan.

[btcholder]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

That's really great news for traders. Probably it's happening because of increasing most of crypto asset values. Most valuable exchanges are realize that it's important to adjust between crypto and FIAT money value. But i don't understand then why still Hitbtc don't reduce their withdrawal fee (its extremely huge). What are they trying to proof actually..

[Tduty]

Just make sure that exchanges are secured even they have bigger fees as long as the support serves their purpose and we are able to use the exchange better and satisfied in their performance.

Yes, this is the main thing to see whether the exchange is trusted enough or not. Many exchanges did hold the user's big amount of withdrawal, even I heard Hitbtc did it many times when the user tried to withdraw the fund. But still, top exchanges should have reduced the fee long ago to make traders comfortable to withdraw their money, as the did now, so I think there will be no issue about withdrawing funds. It's better late than never.

[joeperry]

For some of the big whales or big investors they might not noticed this or maybe they didn't care about this kind of reduced withdrawal fee however for the traders who doesn't have much cryptocurrency to trade (Like me lol) I think these new fee would really make us happy, however in my opinion i think i experienced a higher fee for bitcoin and the other coin have a low fee.

I didn't checked it yet but may i ask if they only reduced their fee in ethereum coin? or all of the coin as well including bitcoin?

[moonblocks]

This is good news but it might also help if they reduced the BTC withdraw fees as well which are generally disproportionate to a lot of alternatives making it much cheaper to withdraw funds using altcoins like Ethereum rather than Bitcoin itself

[Synaesthesia]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

Honestly i am rare to use ETH when withdraw from exchange. But i think it is good especially if price of the coin keep increased. Means the exchanger really flexible when take withdrawal fees from their users and it is not stagnan.

I usually use ETH to withdraw money because this is cheap and suitable for everyone here. At present, the reduction of fees is something that many people feel is necessary because if any exchange is cheap, there will be more investors participating. Personally, I am using Huobi and Binance because these two exchanges are very good and there are a lot of money making tools for traders.

[coinmaster241]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

Best alternative for the current period is to reduce fees, because trade accumulation and competition are starting to be high. maybe later it could be normal again after this phenomenon is finished. many well-known exchanges have collapsed because of regulations that burden users.

[perla]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

Honestly i am rare to use ETH when withdraw from exchange. But i think it is good especially if price of the coin keep increased. Means the exchanger really flexible when take withdrawal fees from their users and it is not stagnan.

I usually use ETH to withdraw money because this is cheap and suitable for everyone here. At present, the reduction of fees is something that many people feel is necessary because if any exchange is cheap, there will be more investors participating. Personally, I am using Huobi and Binance because these two exchanges are very good and there are a lot of money making tools for traders.

And i'm type of people who look cheaper coin, i think if there are Tron (TRX) on exchanges, i will use it because i am withdraw only small amount so different price wouldn't really affect me a lot.

[Furious 7]

This is great news for every crypto trader that all the top exchanges like Binance, Okex, Kucoin, Huobi reduced the withdrawal fee by 50%! At this moment the Ethereum withdrawal fee is 0.005 ETH, which was 0.01 ETH in all these exchanges!

Honestly i am rare to use ETH when withdraw from exchange. But i think it is good especially if price of the coin keep increased. Means the exchanger really flexible when take withdrawal fees from their users and it is not stagnan.

I usually use ETH to withdraw money because this is cheap and suitable for everyone here. At present, the reduction of fees is something that many people feel is necessary because if any exchange is cheap, there will be more investors participating. Personally, I am using Huobi and Binance because these two exchanges are very good and there are a lot of money making tools for traders.

Is this the effect of rising coin prices so that the withdrawal fee reduces by half by 50%? or is there another event so that this offer will be valid for a few months?
Of course I am happy to hear that a large exchange reduces the withdrawal fee by 50%. I hope it will be so long that there will be many withdrawals.

[doctor877]

It's a welcome development especially at this time that market is in a good frenzy condition. I hope other exchange can also do this so it can be a uniform thing.

[pgbit]

It was really a great decision from the top tier exchanges, because of withdrawal fee was very high, even I stopped withdrawing for every day as it took 7-8$ fee every time. But now they reduced it by 50%, so traders like me who doesn't feel exchange safe enough for storing coins, they will gladly withdraw after every profit!

[pgbit]

It's a welcome development especially at this time that market is in a good frenzy condition. I hope other exchange can also do this so it can be a uniform thing.

I think every exchange will follow this great decision to keep their traders active otherwise traders will move on tho these exchanges, because there is no exchanges are better than Binance, Okex, Huobi! Kudos to OKEx team for taking this great decision at first which is making other exchange to follow the same path!

[kaneki007]

I think this is their way to attract traders to use their exchanges by lowering the withdrawal fee, but after looking at today's rate if the fee is 0.01 ETH I think it's quite large and therefore they lower it. Although maybe another effect is that transaction confirmation requires a little time.

[Davian144]

It's a welcome development especially at this time that market is in a good frenzy condition. I hope other exchange can also do this so it can be a uniform thing.

That's right, because the average crypto market is currently in improved condition, and it would be very good if we want to make a few trades on tokens that are experiencing a price increase so far.

[lienfaye]

I didnt notice that because I usually using xrp when withdrawing because it has lesser fees but that great thanks for informing us,

Same here I often use xrp everytime I withdraw in exchanges hence if the fee for alts transactions were reduced then its a good news especially for traders.

It's a welcome development especially at this time that market is in a good frenzy condition. I hope other exchange can also do this so it can be a uniform thing.

Well if the fees for top exchanges are now reduced its possible other not popular exchanges will do the same because of the competition.

[Furryball]

I think its only a a matter of time and the fees will increase again, why? because it always does when bitcoin surge higher again, what do you think will happen if bitcoin hits 20,000$ and counting? the same thing happened in 2017 and transactions became a big pain for people

[poodle63]

This is good news but it might also help if they reduced the BTC withdraw fees as well which are generally disproportionate to a lot of alternatives making it much cheaper to withdraw funds using altcoins like Ethereum rather than Bitcoin itself

I don't even think if they wanna try to put the old bitcoin rate for WD fees again. They must adjust it with the current price of crypto or so many users will be going out from their service. I have noticed more exchanges have been doing it too.

[Andrews193]

It was really a great decision from the top tier exchanges, because of withdrawal fee was very high, even I stopped withdrawing for every day as it took 7-8$ fee every time. But now they reduced it by 50%, so traders like me who doesn't feel exchange safe enough for storing coins, they will gladly withdraw after every profit!

Exactly, this decision has too many benefits for both users and exchanges, and first, we should talk about our benefits, we will feel more comfortable when we do not need to store on the exchange, no need to calculate too much for each withdrawal when the cost is low, and a small amount of money saved from this expense can sometimes create more opportunities for us. Ending our interests and looking at the benefits of exchanges, this decision will increase their trust in the community, this strategy is very attractive to many investors