I never used Bilaxy exchange before last Saturday. I had to purchase little PBR token and it was only available in Uniswap and Bilaxy, so I had to register with Bilaxy. I didn’t look at the fee at all.
I had some good trade with PBR. Had some good profit as it had pumped huge. Later, I decided to buy some XRT and when I went for withdraw XRT, I found the fee is 0.60 XRT, each XRT was more than $35 at that moment. Can you imagine an exchange charging such high fee? Later, I checked a few alts and fee for all was huge high.
Anyway, I sold my XRT with no profit and converted them into USDT and withdrawn. USDT fee is 0.20, so it was not huge costly.
One of the common reason on why i dont really make use of some unknown exchange even though i wanted to buy some alts badly.I do stop due to that very reason neither
i would get scammed nor having a headache due to high fees or would been asked out for some kyc once you withdraw or things like that.
Some exchange does still have some exaggerated fees like in Hitbtc where they havent able to fix it up or adjust basing off on network.
For you to leave no reason but to neither go with it or would go find to convert it into other alternatives like alts or stable coins.