High ETH withdraw Fees, how to Solve

[btcltcdigger]

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?               

If you're withdrawing any ERC20 token, then yes, fee's are in the $50 range. But if you're withdrawing only ETH, fee's shouldn't be more than few dollars, as there's no smart contract interaction.

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[israt1@]

You first add your coin to TRX. Then take it to FTRX Exchange. From where you buy ETH. Now you fly to your personal wallet. Their fees are very small. But here again, what will you do to change the location from personal wallet? There will have to pay a lot of fees.

It would be better for you to keep it in exchange.

I don't think their fees will be reduced. At present many people are leaving their ETH network usage and coming to BSc. BSc fee is very low so many people have started using it.

[Beparanf]

You first add your coin to TRX. Then take it to FTRX Exchange. From where you buy ETH. Now you fly to your personal wallet. Their fees are very small. But here again, what will you do to change the location from personal wallet? There will have to pay a lot of fees.

You can dodge the the flat rate transaction fee of exchange but once you use a DEX or Bridge dapps, They will still charge you high fee or even much expensive on CEX withdrawal fee just to buy any ERC20 tokens.

I believe buying ERC20 tokens that pegged on other blockchain like BSC and TRX is advisable since most the AMM exchange on different blockchain platform supports most of the ERC20 pegged tokens since it has a lot of demand from traders that want to ride the price pump of ERC20 tokens even if its just a pegged tokens to avoid expensive transaction fee.

[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 are fucked us with the gas fees.now normal eth transcation fees from personal wallet is up to $15 and erc-20 token up to $100. Withdrawal eth fees from any centralized exchange 2x then personal wallet.  It's too fucking. You can use FTX exchange for buy eth. FTX charge gas fee like your personal wallet like Metamusk, Trustwallet

[nimogsm]

under the current conditions, it is probably better to leave everything on the exchange and not withdraw it to a wallet with such transaction prices, there is no point in this.Well, or use alternative blockchains.What is happening now is bothering a lot of people.

[WalkerIVIV]

Just wait for the fee to go down but it seems like the fees will never go down, the only thing that you can do to find another exchange site with lower withdrawal fees. sometimes the fee fluctuates a lot and could decrease significantly, and if you’re lucky you can get really cheap at around 5 gwei or even less, maybe the fee going up because there are many NFT owners that are trying to make an auction from their NFT and willing to set the fee high because their NFT worths make the fee required feels insignificant and they don't really care about the fee at all. It seems like that the exchange sites have not yet integrated with EIP1559 legacy coz this will make the fees to be cheaper a little bit.
More over it seems if you are really bothered by the fee that ETH has you should just switch to something like BSC, to be honest BSC and ETH is the same thing, there are many NFT, staking and gaming tokens in both of their ecosystem that’s why if what you’re looking for is that, it won’t have that much difference and you gonna save up so many just for the fee alone and to be honest ETH is truly unbearable and I think it’s just simply unusable for most. If you wanna do a transaction in ethereum and the current fees should be what you must have paid. It will never go down.

[killerfrost]

I have a recommendation to use FTX exchange for you, as it is really free of withdrawals if you meet some conditions.
Reference: https://help.ftx.com/hc/en-us/articles/360034865571-Blockchain-Deposits-and-Withdrawals
I still regularly use it to transfer ETH to personal wallets, and it is really cost-effective for me.

[chaser15]

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 don't have a choice but to deal with that. No centralized exchanges I think will charge cheap fees regarding Etherium transactions.

Can you tell us what's your goal or purpose why you want to end up your funds in your MyEtherwallet? Maybe we can suggest some alternatives.

[Strongkored]

under the current conditions, it is probably better to leave everything on the exchange and not withdraw it to a wallet with such transaction prices, there is no point in this.Well, or use alternative blockchains.What is happening now is bothering a lot of people.

I think this is quite dangerous because there is a possibility that the exchange or our account is hacked, especially for now it is almost impossible to see exchanges lowering their withdrawal fees, so  high fees are something that must be faced at this time. The second suggestion might work if it could. Yes this conditions bothering crypto lover.

If Op already sent the coin to the exchange to be exchanged then a high fee cannot be avoided. Sometimes I will exchange it to a coin with a lower fee and immediately withdraw it to a local exchange to be exchanged for fiat (but this is only if you want to exchange it to fiat only, otherwise it can't be done) but still have to calculate carefully, so don't get discouraged paid high fees but turned out to be paying more for doing other things.

[traderethereum]

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?               

How many ETH do you want to withdraw from your MEW?
Because last night, when I checked in my Trust Wallet, if I want to withdraw 0.2 ETH, the fee is about $13-$15 so I think that is not too high depending on the money you will get.
But I did not execute the withdrawal since the ETH price was still going down and I let my ETH stay in my Trust wallet.
If the funds are more than $1k and your fee is about $10-$50, I think that still worth withdrawing and sending it into the other wallet but that will be up to you.

[OrangeII]

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 people have always felt the same way about the hefty fees from ethereum. for now, the solution I can offer is to send your assets to FTX, and withdraw from there. however, as far as I'm concerned FTX has a pretty cheap fee for ethereum, but try to do some in-depth research on this. I only provide information based on my experience making withdrawals from the exchange to MEW
You can start exchanging ethereum that you have into other tokens that have lower fees such as BNB, TRX, LTC, or others to be sent to other exchanges.

[Coyster]

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?              

The complaint about eth withdrawal fees didn't start today, it has come up time and again, but there is as yet no solution to the problem, I actually believe that the reason why eth is yet to get the sort of adoption it actually should have at this time is cause of their high withdrawal fees, just like other users have said, there is no direct solution to the problem you have, though you can try other coins whenever you want to withdraw, and hope that in the future, eth network can prolly do something about their high withdrawal fees.

[Kelvinid]

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?               

Sad to say but this is the problem by most ETH users and traders for almost 2 years. The huge fees had become the burden especially for small amount. Can't imagine to pay $10 for a single transaction that it only worth $50, that can really be disappointing. I'd rather not to do it and let stuck there.

Our last option is to convert it to other coin that still accepted to our personal wallet. This is what I've been doping now, to use XRP and Doge is the best option. Honestly, you will save a few bucks.  

[DapanasFruit]

The best thing to do is never send to your wallet any Ethereum or Ethereum-supported coin because that can certainly incur a high gas fees even amounting to more than $100 at times - a big shame for the cryptocurrency industry actually. Calling Vitalik Buterin please speed up things as we can't bear this foolishness anymore. Since you are dealing with an exchange use it to convert your asset into maybe XRP or TRX where fees can be so low. Now, the problem is when you would prefer to convert your assets into Ethereum because you are planning to hold them...the best solution is to let them stay for a while in the exchange until the Buterin team can fix the gas problem - of course this is a generally not safe option.

[MadeMen]

Ethereum fee has been high for a long time now and there's really nothing you can do about it. The best option is to use other options like the binance smart chain and tron especially if you want to move your USDT. BSC and trc20 offers a far cheaper option as compared to ERC20. We only do hope that ethereum developers would find a way to reduce the cost of transaction in the network.

[masterrex]

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 the main reason was due to the congestion of the Ethereum Network and partly contributed by the EIP-1559 update which is resulting in 'base fee+priority fee' computation while creating a transaction on Ethereum Network and there's nothing we can do about it. Im also using Binance and you were right the fees are very high. but I found something a little bit lower than Binance and maybe other exchange too. try FTX exchange.

[Lubang Bawah]

This is a big problem, the cost of sending fellow ETH is around $12 to $25, to send tokens it can reach up to $125, and I still have ETHLend worth $450 but for migration to AAVE it takes up to $180 to $280 for approve and need fee again to move, I hope the projects change to another platform soon so ETH will died immediately.

[Brus123]

While the activity in crypto market is so high, I don't think that any exchanges can offer you better conditions. Nevertheless, you can get some bonuses from exchanges so as to withdraw your money with lower commissions. As for exchange with the smallest fees, I know about FTX. As far as I am aware, it offers the best conditions.

[Joshapat]

While the activity in crypto market is so high, I don't think that any exchanges can offer you better conditions. Nevertheless, you can get some bonuses from exchanges so as to withdraw your money with lower commissions. As for exchange with the smallest fees, I know about FTX. As far as I am aware, it offers the best conditions.

Thank you, this is good advice and I will try FTX, some of the exchanges that I use like Kucoin, Huobii and so on require large transaction fees, I once withdrew ethereum from Kucoin and it took up to 0.006 ETH or 2x if I used Metamask. I hope ETH adjusts the transaction gas soon to be able to stay in the top 3 rankings.

[Koro-Sensei]

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?               

Its a fixed fees they have dude and we can't do anything about that. Most probably they charge more or less 20$ as of now and that makes sense as it was adopted years ago where Eth's just under a 1000$. I believe P2P would be good if and only if you have a good trader wanting to trade with you. The risk is high compared to exchanges. So beware.