High ETH withdraw Fees, how to Solve

[rozak]

All exchanges are already fixed the fees and I think there is no exchanges that you can pay less fees because it will not successfully to transfer so there is nothing you can do you should pay the recommendable fees to transfer your funds. You know ethereum gas fee is very high just expect that most of exchanges are also high fees using ethereum network.

then the best solution is to avoid transactions on the ethereum network. because it will torture the assets we have.
there are no other offers for this case. because indeed every exchange that applies withdrawal fees according to the network used.
FTX is probably still the cheapest for ethereum withdrawals. but reportedly there have been adjustments again so the cost is also a little more expensive. but still the cheapest.

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[Wong Gendheng]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

No, exchange transaction fees are up to 2x more expensive than private wallets like Metamask, if you store ETH in an exchanges wallet of course it's easier to withdraw by switching to cheaper coins like MATIC or TRON. unless you need ETH and want to withdraw ETH then you have to accept expensive ETH transaction fees.

[Furious 7]

All exchanges are already fixed the fees and I think there is no exchanges that you can pay less fees because it will not successfully to transfer so there is nothing you can do you should pay the recommendable fees to transfer your funds. You know ethereum gas fee is very high just expect that most of exchanges are also high fees using ethereum network.

then the best solution is to avoid transactions on the ethereum network. because it will torture the assets we have.
there are no other offers for this case. because indeed every exchange that applies withdrawal fees according to the network used.
FTX is probably still the cheapest for ethereum withdrawals. but reportedly there have been adjustments again so the cost is also a little more expensive. but still the cheapest.

The cost of the Ethereum network is increasing day by day, that's how the GWEI is sometimes higher when needed and this really hurts our assets to choose the Ethereum network for transactions.
Usually the exchange applies a fee of 0.01 - 0.005 which is equivalent to $20 - $40 so it is certainly very large if we make a withdrawal on CEX.
I once made a withdrawal of ETH from FTX and it was a very low fee although this is how on gwei back then it was sometimes 0.001 it was lower than other exchanges.

[PhucS]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

I think it is very difficult to find an exchange that has low withdrawal fees when you transfer ETH or tokens running on the ERC20 platform. Currently, the cost of the ETH network is very high, exchanges always have fixed fees and will often be higher than the market to ensure that the withdrawal is successful. This is also a problem that makes it difficult for people to use the ETH network

[2girls]

Its very big problem any coin of Ethereum u sell it so first you arrange a Transection fee so i think The ETH solve there problem because not everyone use and support there block chain and against the etherium people love and support the BSC.

[Ararbermas]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?              

no, most exchange  when it comes ethereum transactions is the same, i mean there's a small difference every platform ou there but you know it still expensive.   that's why i used to convert my erc20 to xrp just to save money., and yhup through binance the fee is just a cents any amount of XRP to be honest. So must use another wallet such trust wallet because you have no choice because that's what it is wherein ethereum fee still not fair. Lol

[Fredomago]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

No, exchange transaction fees are up to 2x more expensive than private wallets like Metamask, if you store ETH in an exchanges wallet of course it's easier to withdraw by switching to cheaper coins like MATIC or TRON. unless you need ETH and want to withdraw ETH then you have to accept expensive ETH transaction fees.

You are right, there's no other way when you wanted to withdraw your ETH to transfer to your wallet, Metamask fees still high
and with the solution that you are mentioning it's a good alternative, you need to convert your ETH to other coin before transferring
though it depends on your intentions.

If you need to keep it as ETH, then risk or take that high fees to complete your request.

Not for all, but there are whales and big traders who continue using this chain to transact.

[Bollexz1]

Have you ever tried FTX? Their withdrawal fees for Ethereum there is relatively low compare to all these other exchanges. Do take your eth transactions there and experience the big difference.

[justdimin]

there's no other way when you wanted to withdraw your ETH to transfer to your wallet, Metamask fees still high
and with the solution that you are mentioning it's a good alternative, you need to convert your ETH to other coin before transferring
though it depends on your intentions.

If you need to keep it as ETH, then risk or take that high fees to complete your request.

Not for all, but there are whales and big traders who continue using this chain to transact.

Unfortunately ETH will always be expensive right now, exchange, non-custodial wallet, anything that you do will be expensive and there is no way to get around it. Which is why I believe that we can't find a solution for now. The solution is that ETH 2.0 could be possible to solve all of this problems and I am sure that they will at least develop it in a way that there is a good chance that we could end up with something that is cheaper.

I still do not think that unless they manage to develop it in a way that TPS is higher, then we are not going to have a long term solution even with 2.0 as well. All in all we just need to realize that there is really not a full solution in the market right now, nobody is suggesting any good idea so far, and we just need to keep paying these type of expensive gas fees if we want to move ETH from one place to another, no matter where we are doing it.

[martina14]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?              

 There is no way for us to avoid low fee using Ethereum in terms of withdrawal or deposit, the only chances for us to lessen the charges is to wait the price of Eth to goes down but even it goes down the charges still high,... Meaning, there's really nothing we can do about it.

[Kadal Ijo]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?              

 There is no way for us to avoid low fee using Ethereum in terms of withdrawal or deposit, the only chances for us to lessen the charges is to wait the price of Eth to goes down but even it goes down the charges still high,... Meaning, there's really nothing we can do about it.

True, I've tried many wallets and the transfer fee is very expensive, if we send ERC to another wallet the cost is around $15 while the cheapest token I've ever done is $35 and for swaps it can reach $150, this fee is certainly more expensive than sending money to overseas bank, the best way is to switch to another coin,

[Mr.Scott]

All exchanges are already fixed the fees and I think there is no exchanges that you can pay less fees because it will not successfully to transfer so there is nothing you can do you should pay the recommendable fees to transfer your funds. You know ethereum gas fee is very high just expect that most of exchanges are also high fees using ethereum network.

then the best solution is to avoid transactions on the ethereum network. because it will torture the assets we have.
there are no other offers for this case. because indeed every exchange that applies withdrawal fees according to the network used.
FTX is probably still the cheapest for ethereum withdrawals. but reportedly there have been adjustments again so the cost is also a little more expensive. but still the cheapest.

The cost of the Ethereum network is increasing day by day, that's how the GWEI is sometimes higher when needed and this really hurts our assets to choose the Ethereum network for transactions.
Usually the exchange applies a fee of 0.01 - 0.005 which is equivalent to $20 - $40 so it is certainly very large if we make a withdrawal on CEX.
I once made a withdrawal of ETH from FTX and it was a very low fee although this is how on gwei back then it was sometimes 0.001 it was lower than other exchanges.

I believe it's because the supply is dropping as lot of people locking away their ETH. Supply shock, and organization traffic through the roof. ETH gas expenses is insane, they should do something about it. But, will the fees be greatly reduced when ETH 2.0 is launched? I have nearly quit utilizing ETH network and it's compactable tokens to stay away from those high expenses. As there have so more options it's not any more compulsory to give unreasonable fees on ETH.

[RiskySanchez]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

 There is no way for us to avoid low fee using Ethereum in terms of withdrawal or deposit, the only chances for us to lessen the charges is to wait the price of Eth to goes down but even it goes down the charges still high,... Meaning, there's really nothing we can do about it.

True, I've tried many wallets and the transfer fee is very expensive, if we send ERC to another wallet the cost is around $15 while the cheapest token I've ever done is $35 and for swaps it can reach $150, this fee is certainly more expensive than sending money to overseas bank, the best way is to switch to another coin,

ERC 20 sucks, I've failed 5x transactions with a total of 100$, as long as you use the ethrum network every swap or transaction will always be expensive to send to any exchange or wallet. cheap network only SOL and BEP20 that's all. we just need to wait for the ETH 2.0 update to solve the problem of expensive gas fees

[smartaction]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

ETH's gas fees are generally much higher. And the exchanger's withdrawal fee is much more higher. You can use FTX Exchange for withdrawal ETH. FTX exchange charge real time transcation fees track by https://etherscan.io/  it will cut fees like yout personal wallet like Mew, Metamusk, Trust wallet

[Dron Pelya]

There will happen Ethereum network hard fork and update on December 8. There is such information on Github. Will there be any decreasing of ETH fees after this network update?

[_IRMAN]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

You can try FTX. I often use this exchange just to look for low ETH transaction fees, and the fees also usually match the gas at the time.

[Pffrt]

Ftx is quite cheap. Most part of your fee is always covered by the exchange itself. I don’t think there's anymore exchange with such low fee but the problem with that you have very low amount of limit for withdrawal with a non kyc account which doesn’t seem fit for most of traders I think.

[wajik-tempe]

There will happen Ethereum network hard fork and update on December 8. There is such information on Github. Will there be any decreasing of ETH fees after this network update?

It's usually reduce the fees after the fork, let's hope it will not reach 200 GWEI anymore after the hardfork.
Current solution of ETH high fees is wait until the fees is no longer high, usually this happens between 03:00 until 08:00 (GMT+7)
People usually sell their ETH to another coins first before transferring but it's cannot be avoid when we want to buy ETH based token on dex, the fee is still too high.

[omone1]

Ethereum Withdrawal Fees on  Cryptocurrency Exchanges

Thanks for this. Never knew crypto .com withdrawal fees on Eth was still this low. I actually use FTX it does varies depending the gasstation fee advise or how congested the ETH newtork is.

[TelolettOm]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

You can try FTX. I often use this exchange just to look for low ETH transaction fees, and the fees also usually match the gas at the time.

I also think that FTX is the most reachable exchange that provides low fee and also low minimum withdrawal. I tried Binance and Kucoin but they still have higher fee.
And we are likely having big problem always if related to the fee transfer of Ethereum and also ERC20 tokens. Moreover, we must also leave some gwei in the wallet if we are going to transfer the token. Well, it is again, additional problem in which we must spare more to the gwei.
Actually right now the fee is quite low after the price of all cryptos are also dropped, it is about 66 gwei and of course it will be again changing by  seconds