Network fee is killing my small profit

[bonjouros]

If you cannot revise a better plan to continue your earnings even if the bitcoin transaction fee is keep on increasing then it is best that you either stop your doings or you can
just do it using other currencies that has a lesser transaction fee compare to bitcoins.

What you need to do is to create a better plan that can counter your current problem now so you can still enjoy your current work.
Transaction fee is already the main disadvantage of bitcoin from the start and you should have consider it first before deciding to do that work.

[Pom_bensin]

The fee should be set to just under 1% which is great for the exchange and is suitable for all types of income. maybe now many seem expensive for fees at some ecxchange but come on we are realistic if the fee has now reached an expensive point for those who have small profits

[Alert31]

The other day when I'm planning to do a cash out because I have done some trading coin and to take profit. To my surprise the fees is really high which killing most traders now. When btc becomes high it's value the fees it does increase. Well for that if there's any exchange could offer small fees it is good for us who can enjoy better profit.

Does all of each exchanges withdrawal fees? I mean, if you use bitcoin for your withdrawal on a particular exchange, it is also the same equivalent amount to USD or any fiats?
If not, try exchanging your funds on other cryptocurrencies. Ripple (XRP) has one of the lowest transaction fee, and also it is one of the fastest. It's based from my experience.
I heard, Litecoin also does have small fees (on some exchanges).
Try it

Thank you for your post and suggestion because i learned something on this. Now i can exchange my bitcoin to xrp before making a  withdrawal with just a very small transaction fee direct to my wallet unlike bitcoin which really kill my small profit. Even ethereum now has also a higher fee which is not good. I didn't use xrp for withdrawal before only eth and bitcoin but now i will used it to save bigger profit.

[mezzaluna]

Day trading would really be killed by some network fees since we are depending on the profit that we might be making by making that trade. Maybe what you need to do is slow down a little on those trades since we are kinda experiencing sudden surges in prices that varies by the volume that we are trading and trading large amounts of Cryptocurrency then gaining little profits would really result into low profits. Maybe you can look for another exchange that offers lower fees.

[hatshepsut93]

Have you tried using alts to move coins between exchanges for much lower fees? I do it all the time I need to move bitcoins between exchanges or other centralized services that allow exchanging coins. Though in your case it might not work well, since you're interested in arbitrage, but maybe it means that you should switch to arbitraging with altcoins instead? Give it some thought, and maybe get yourself a simple algorithm for finding the best altcoins for moving value between exchanges.

[Sadlife]

That's very unlikely to happen, Blockchain is no longer congested and second layer solutions such as LN (Lightning Network) are there to lower fees and make transaction faster.
I haven't heard from other users here, complain about fees. Only you, could you provide us an screenshots.
Well, if it's true i believe you could adjust the fee amount but would take much longer like the duration or several hours.

[Bes19]

I know how it feels coz i pay a lot of fees on ETH! But i suggest if you're going to withdraw in an exchange try to use XRP since they have lower fees.
I think sometimes this is the perk of having higher price on BTC and ETH, their fees are getting higher as well.