You can lose transfering and withdrawing

[pilosopotasyo]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

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[PerfectCircle]

1. You don't have to make that transaction instantly because eth gas fee varies, in hours it can go lower than before, use ethgas.watch to keep watching the gas price

2. Must you withdraw with Ethereum again? Whenever I find myself in this situation I trade my tokens for coins that have cheap fees like LTC, TRON, DOGE, XRP

[bakasabo]

That is current situation with Ethereum network. Get used to it. Try to catch the moment when transaction fees are lower. Check fees at https://etherscan.io/gastracker. Btw, get ready that your transaction can be dropped, if all the gas is burned (in case you set low gwei manually) and you will have to make another transaction.

But if I were you, I would have traded FRM on hoo.com as they charge lower fees (0.001 LTC for example)

[pilosopotasyo]

If bilaxy exchange is asking for 4$ to withdraw LTC they are thieves, make sure you don't use such exchange again, for even 1$ per LTC withdrawal I will still raise an eyebrow, if you still have any other tokens on bilaxy look into their TRON withdrawal fee first, I believe it should still be under cents

They have one the highest withdrawal fee I'm looking for other exchange where I can trade my FRM, there's no Eth Tron pair, I have explored every possible options to trade but I always end up paying $4 to $12 fee with the other pairs I can wait to send my coin when gas fee is lower but withdrawing it from Bilaxy is a different story, either way you are still going to lose.

[btc_angela]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

Exactly, with the rising fees, really hard to profit for us average Joe, probably the minimum that we need to take out is like $100-$200 just to enjoy some profits on the side. I myself have some tokens to swap, however, when I look at the fee, it's not worth it. I'm just getting around $200, but the fee, well, it's x3.5, Lol. So I decided not to proceed because not worth and I will be -$500.

Tokens worth $200 - $700 fee= -$500.

[Apostlekin$$$]

Even before Ethereum gas fee increase there are few crazy exchanges that will task you for high withdrawal fee, next time before making deposit on any exchange first check out their withdrawal fee amount, to me binance is still fair enough and also this is the time to be more friendly with coins like DOGE and TRON

[meanwords]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

That's pretty common to happen. This is why most casual traders just leave their assets in an exchange, treating it as a wallet, to avoid losing in profit. Their taking the risk of losing their funds from hacks to avoid that fees. This spells disaster especially when the exchange you are trading with isn't very known. You can do that but it's really not recommended.

[Saisher]

Exactly, with the rising fees, really hard to profit for us average Joe, probably the minimum that we need to take out is like $100-$200 just to enjoy some profits on the side. I myself have some tokens to swap, however, when I look at the fee, it's not worth it. I'm just getting around $200, but the fee, well, it's x3.5, Lol. So I decided not to proceed because not worth and I will be -$500.

Tokens worth $200 - $700 fee= -$500.

This is not right only whales can trade if this continue, average investors and bounty hunters cannot keep up with the transaction fee, the issues are there are so many altcoins on Ethereum platform and trading their shares coming from bounty will make them lose everything, this is a big dilemma indeed I have similar experience with Emirex token where after trading I only have a 30% left of the token value I traded 70% goes to the fee.

[bitkanu]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

You must try to see whether the USDT withdraw service on TRC20 already available or not on bilaxy.


You must see this and the only best option for you to trade it into USDT TRC20 and withdraw it https://twitter.com/Bilaxy_exchange/status/1347857773216743424

That needs only 0.2 cents for a transaction as the fees.

[Kupid002]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

That's the reason why the price of ethereum surge because of fees need to pay for every transaction where small holders will be in pain since they need to pay fees for sending and you need to also use fees for widrawing it . it will much pain if you are using Dex exchange where they are asking 0.01 to 0.03 ETHper convertion.

[plr]

1. You don't have to make that transaction instantly because eth gas fee varies, in hours it can go lower than before, use ethgas.watch to keep watching the gas price

2. Must you withdraw with Ethereum again? Whenever I find myself in this situation I trade my tokens for coins that have cheap fees like LTC, TRON, DOGE, XRP

Good points but these that not apply all the time, there are instances that you have to send your token right away because the price is fast-moving down, and on an exchange, you just want to trade with Ethereum because it's your choice of token to hodl or to trade with fiat, so what can you do you are losing because of the fees, I missed the times that I can send tokens for only 10 or 20 cents.

[jrrsparkles]

When you are talking about a shit token then these things will always happen because you can't find that coin listed on exchange where trading and withdrawal fees are less, so you will be forced to withdraw for loss since there is no option.When you want to become a trader don't go for unfamiliar coins and pairs just go for coins which is available on most of the exchange so you won't be losing your profits.

[X-ray]

Bilaxy has so many options to be used as alternative coin to avoid the high fees. some members are also mentioning the best answer like use the TRON chain or any other chain that has very good liquidity and being accepted by almost all of exchange sites. OP i guess litecoin is not the best coin to be used to avoid the fees, it's still too high compared with another chain.

[ethereumhunter]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

You can convert your profit into the other altcoins to avoid the high fee you will get in withdrawing the profit. The gas fees are still at a high fee, which can reduce your profit amount, so you need to think the other way to withdraw the funds. TRX can be a solution to reduce the fees or you can check on Dogecoin fees.

[Bitstar_coin]

Small token traders will be at the receiving end of this whole high gas fees issues, imagine when you have several small amount tokens in your wallet that are worth $10 or so and you have to spend gas to transfer them to exchange, it is better to just let those small tokens seat in your wallet for as long as the gas price is high, at the end of the day, it is no0t worth the trouble. 

[Furryball]

I always try my best to avoid Ethereum transactions this days but since I have some good tokens in my wallet I have no choice but to send them to exchanges to trade off but what I will never do is withdraw with Ethereum again?  , even on binance exchange the withdrawal fee is 5$, a real pain in the ass

[inanilujimi]

You can choose USDT which even on exchanges like Bithumb Global you don't have to pay a fee when making withdraw with USDT (TRC20).
transaction gas costs on the ETH network are not always high, we just need to adjust the right time to make transactions.

[20kevin20]

Depends on the exchange and depends on how long you're planning to hold (and obviously, on the amount). For sums such as $50-200, I would not mind leaving them for more time on the exchange. It's a loss I can afford. When you have these amounts, it just doesn't make much sense to withdraw even when networks aren't congested... just keep it there and withdraw when you have more money (or at least this is what I'd do) in the account.

Now imagine how much money I'm losing since I always withdraw and deposit again for every single transaction of mine! It is what it is - the privacy and freedom I get pays off very well!

[Rengga Jati]

1. ETH gas fee is always changing. although it is basically high enough these days, there is a certain time that ETH gas fee is quite low, only around 2$ and you can check it before transferring your token. remember, you need also to check whether you choose the speed of the transaction. higher speed will make a higher fee.

2. You need to compare the exchange to sell FRM.
You can find several exchanges to trade Ferrum, check it here https://coinmarketcap.com/currencies/ferrum-network/markets/
You can compare the trading fee and also withdrawal fees of each exchange.

3. If you feel that the fee of ETH withdrawal is high enough from an exchange to your local exchange, better to convert it to other coins or tokens that have a low fee. they are likely XLM or using USDT with TRC20 network if available.

[aemma]

You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

It is quite understandable that Ethereum gas fee is high but sometimes it can be low as well, therefore when you meet a high gas fee and you aren't in haste to transfer or sell, then give it time and try again after some time, you might even be surprised to see it at a very cheaper fee. Also, when you trade on an exchange and/or rather before trading a token on an exchange, try to compare the exchanges it is trading on and check if the exchange support USDT withdrawal through Tron blockchain, then trade your token against USDT and withdraw with little to no fee, thus from all things, you are only paying very little unlike when you withdraw with Ethereum.
In the case of Ferrum Network (FRM), it is trading on exchanges like BitMax and Kucoin with decent volume, and to the best of my knowledge, Kucoin supports USDT-TRC20, thus you can sell your Ferrum to USDT, then withdraw.