Compare Withdrawal Fees before you trade on a Exchange

[crwth]

Personally, I don't check the withdrawal fee before trading just because it's not the greatest parameter you should look into for an exchange.

Sometimes you should have checked or at least small traders should check. In yobit, if I'm correct the withdrawal fee for BTC was 0.002 BTC. Guess what? There are small traders who make this amount of profir sometimes. In that case, they will lose rather than profit.

That's just my opinion on it. I'm an avid trader who is on to better liquidity and volume when I need it. I believe that there's more profit with an exchange that has a large volume. I guess it should be immediate attention to traders that there's a withdrawal fee, depending on the exchange, and not withdraw every 0.002 BTC of profit and lose that amount to just the fee itself.

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[mersal]

Good find OP, this will be definitely helpful for lot if the traders and also for newbies.

This exchange calculates USD value of withdrawal fee based on what prices? Is it calculated based on the reported value on coinmarket cap or any other websites?

[maxreish]

It's good to know that they came up with these withdrawal fees. But honestly, with those 66 exchages written on the site majority of those exchanges were not popular and I only knew few of them. Some exchanhes does have fixed withdrawal fees while some were not. But still, this website is helpful when doing some comparisons because fees as of the moment are really high since the market is bull run.
Anyway, I always do some conversion of coins if the fees are the problem though. Easy for me to send coins in an instant with very cheaper wd fees.

[Genemind]

Well, this is helpful, especially for those who are active in trading. Some withdrawal fees are ridiculous especially when BTC price is high. Of course, it still depends on network traffic and the market price of the coin. This will help traders save some of their crypto that goes to the withdrawal fees.

[tyz]

Thanks for this, some exchanges are just too expensive. Binance has increased their USDT on ERC20 withdrawal fee to about $2+, I understand this is because of the ever cloging ethereum network. Hotbit is one exchange that is notorious for withdrawaal fees.

The fees of Binance are still within the average range. But nothing beats the usurer exchange HitBTC.

Whoever the developers are should add more on the list. It will be one of the best comparisons website if most of the exchanges are there and they have listed how much the fees are.

I find the list quite extensive considering that the developers have to gather the information mainly by hand. There are only a few exchanges (e.g. Binance) where there is a page with an overview of the fees that can be queried automatically.

[livingfree]

Whoever the developers are should add more on the list. It will be one of the best comparisons website if most of the exchanges are there and they have listed how much the fees are.

I find the list quite extensive considering that the developers have to gather the information mainly by hand. There are only a few exchanges (e.g. Binance) where there is a page with an overview of the fees that can be queried automatically.

If someone comes by and he or she is too meticulous with the fees, it can help them. But you are right, that demand is too broad although I'm not that demanding but I know there's always more for websites like this.

Overall, this share is great and the website itself is.

[ElmedoRator]

A useful site, I believe many people will need it in order to choose the cheapest and safest withdrawal fee exchange. I will note this website and use it in the future to save as much as possible

[JCviggen]

So many years I have been in the cryptocurrency market - I never knew about this website. This is a very convenient tool that will help everyone to reduce their commission fees

[Zeehaxan]

Today I came across a page by chance where you can compare how much exchanges charge for withdrawal for a certain coin. This is really helpful because especially small and medium coins have partly really high withdrawal fees which you usually only find out when you are about to request a withdrawal and then have no choice but to accept it.

In my case I wanted to know where the cheapest place to trade and withdraw OCEAN token is. The comparison showed me four exchanges, where the cheapest one charges just $0.42 (1 OCEAN token) and the most expensive one $4 (9.5 OCEAN tokens). What an immense difference.

Check out https://withdrawalfees.com

Disclaimer: I have nothing to do with the service. I just found it by chance and find it super helpful.

I am really concerned to see high withdrawal fee on exchanges as well and i have even skipped selling on many exchanges after seeing high fee. If this trend continues i think that the Dexes will easily take over traditional exchanges due to unfair withdrawal fee.

[princecharles]

It's a good strategy to compare prices of withdrawal as well as the least amount of tokens to be withdrawn, before making decisions  on the exchange to use. This would help prevent the loss of funds for users who are withdrawing a small amount. Secondly, some exchange make withdrawal too expensive, some blockchain like dogecoin transaction fee is 1 dogecoin, its criminal for an exchange to charge 1500 dogecoin for a withdrawal that was effected with less than 1 dogecoin.

[kingzpro]

Today I came across a page by chance where you can compare how much exchanges charge for withdrawal for a certain coin. This is really helpful because especially small and medium coins have partly really high withdrawal fees which you usually only find out when you are about to request a withdrawal and then have no choice but to accept it.

In my case I wanted to know where the cheapest place to trade and withdraw OCEAN token is. The comparison showed me four exchanges, where the cheapest one charges just $0.42 (1 OCEAN token) and the most expensive one $4 (9.5 OCEAN tokens). What an immense difference.

Check out https://withdrawalfees.com

Disclaimer: I have nothing to do with the service. I just found it by chance and find it super helpful.

Due to withdrawal plus hidden or changing trading fee i am getting annoyed with centralized exchanges and i have started using Uniswap more and more yes it does cost fee also but basically that is transaction gas fee (which is also high these days) plus the liquidity providers fee, still it is hassle free and smooth process for me and fee is one time when the deal is done. So i am happy with the way how it works and i am sure in next versions and upgrades uniswap will even improve on this.

[sujonali1819]

I want to thanks OP for sharing this useful website links. Generally, people are interested to trade in their favorite exchanges. But sometimes we need to think about the withdrawal fees especially for lower amounts tnx. In this situation, this site is really helpful to see some exchanges withdrawal fees in one place. Bookmarked the site and I will use it if needed in the future.

[ScamViruS]

This site is useful for crypto traders. Those who use this site will be able to know in advance about the withdrawal fees and the fees on different exchanges. This will benefit the traders, as they will know about the fees in advance. It is often seen that due to not knowing about the fee in advance, a large amount of fee has to be paid to withdraw a small amount, which reduces the amount of profit of that trader. This fee is not high for big traders, but those who have less funds depend a lot on the withdrawal fee for small traders.

Thanks OP for share this information.

[MikeyVeez]

When you use the biggest crypto exchanges, you don't have to care about fees and commisions because they have pretty same rates. Thats why I do not use exchanges with zero reputation because I never know how much it will cost me.

[SistaFista]

We should do that before we deposit any coins to the exchange, otherwise we will have unnecessary loss when withdraw.
The way to do this, after create new account on exchange, go to withdrawal and input any amount (even our account still have no balance), and usually it will show the amount of withdrawal fee.

[tangtangup]

There are many important things to choose an exchange. We should notice about withdraw fee and trading fee but it is not the most important thing. My first prioritization to choose crypto exchange is it must be a reputation one with high liquidity

[DevilSlayer]

Personally, I don't check the withdrawal fee before trading just because it's not the greatest parameter you should look into for an exchange.

Sometimes you should have checked or at least small traders should check. In yobit, if I'm correct the withdrawal fee for BTC was 0.002 BTC. Guess what? There are small traders who make this amount of profir sometimes. In that case, they will lose rather than profit.

That's just my opinion on it. I'm an avid trader who is on to better liquidity and volume when I need it. I believe that there's more profit with an exchange that has a large volume. I guess it should be immediate attention to traders that there's a withdrawal fee, depending on the exchange, and not withdraw every 0.002 BTC of profit and lose that amount to just the fee itself.

The liquidity is important because in that way you can identify if you can easily enter and exit in a trade, look at the shit exchanges out there; they do not have enough liquidity and volume and it is the reason why the spread is to high. In terms of withdrawal fees, the best exchanges and most reliable have only small differences when it comes to withdrawing popular coins like btc, eth and ltc. Like Binance, Kucoin and Okex where they have same withdrawal fees in the exchanges that I mentioned.

[Twinkledoe]

There are many important things to choose an exchange. We should notice about withdraw fee and trading fee but it is not the most important thing. My first prioritization to choose crypto exchange is it must be a reputation one with high liquidity

Withdrawal fees maybe one consideration but should not be the topmost priority as there are some small exchanges charging low fees but you don't know how long they will process your transaction. Also, the liquidity is usually low so it would take days maybe before you complete your trading. So which one would you choose, you have assurance that you will get your money back in the time frame you are expecting it or pay for lower fees but no assurance when will get your coins back?

[Dhoe]

A useful site, I believe many people will need it in order to choose the cheapest and safest withdrawal fee exchange. I will note this website and use it in the future to save as much as possible

Yes, I immediately bookmarked this site, this really helps me as a Trader who always withdraws coins from one Exchange to another Exchange. The appearance of site also attractive, easy to understand. I think this is very suitable for day traders.

[sapnu]

There are many important things to choose an exchange. We should notice about withdraw fee and trading fee but it is not the most important thing. My first prioritization to choose crypto exchange is it must be a reputation one with high liquidity

Withdrawal fees maybe one consideration but should not be the topmost priority as there are some small exchanges charging low fees but you don't know how long they will process your transaction. Also, the liquidity is usually low so it would take days maybe before you complete your trading. So which one would you choose, you have assurance that you will get your money back in the time frame you are expecting it or pay for lower fees but no assurance when will get your coins back?

Indeed, we should not always compare the withdrawal fees like that. Sometimes it is correct that there are some exchanges that offers lower fees to make your transaction but not all of them are good at processing your transaction because some exchanges are offering low fees but they are delaying in making transaction. So it depends. Just choose on what makes your transaction convenient and safe.