High ETH withdraw Fees, how to Solve

[Ozero]

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?               

As long as the ethereum network continues to update, there is no point in using this network. There are still no options for avoiding high transaction fees when using MyEtherWallet wallets. You just need to be patient and not use ERC-20 tokens. If you still need to do this, then you need to carefully choose the time for this, because the gas price in the ethereum network is unstable, it rises and falls.

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[husdemba]

At this time, Ethereum transfer fees are unbelievably high, which is why most people keep it. Don't face Ethereum's high transfer fees unless you have an urgent need. Hopefully in two months the Ethereum price will rise a lot and then we won't care about these fees 

[eaLiTy]

exchange must use a fix fee. and for ETH, the gas fee for withdrawal is very high. even yesterday I tried to send ETH up to $ 80 just for the gas fee. it seems that on average all exchanges are the same. The way I most often do is choose another coin that has a lower fee. and this affects all tokens that use the erc20 smart contract

Since you are still using ETH and planning to move the coins, you need to bombard the ETH developers about sorting the issues as the gas fees is high for a long time and i am still skeptical about how they are going to sort the issues regarding scaling. The funny aspect is that when they launched ETH they were too confident that it will not having scaling issues and it only took around 5 years to prove them wrong  .

[Muslimin mj]

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?               

Ethereum transaction fees have been high since the past few months. and this issue has been talked about by many crypto users. and no one can provide a solution other than using other altcoins to make transactions because they have low transaction fees. and if you use the binance market then you should use BNB as a transaction tool because bnb transaction fees are still relatively low than ethereum and you can store them using a Binance smart chain wallet.

[lepbagong]

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?               

it's been a long time since there has been a problem with ethereum, every transaction with ethereum will certainly pay quite a lot and it's hard to do something that can be done other than waiting for changes in the future, but when? looks like a dilemma will occur in ethereum which has increased its price to be able to lower these costs.

you are correct as long as the situation is not stable, it is better to use other alternatives in order to avoid expensive costs. binance is definitely one that can make you pay cheap and the speed is also good and safe.

Ethereum transaction fees have been high since the past few months. and this issue has been talked about by many crypto users. and no one can provide a solution other than using other altcoins to make transactions because they have low transaction fees. and if you use the binance market then you should use BNB as a transaction tool because bnb transaction fees are still relatively low than ethereum and you can store them using a Binance smart chain wallet.

my thinking is something natural that ethereum has done because the price is already high enough that it will have an impact on the costs that will occur. alternative path you are doing very well, looking for other alternatives like binance. because binance uses BNB and the price of BNB is still cheap and reasonable to reduce prices, will binance be able to reduce costs if BNB is the same as ethereum? obviously the same will happen.

[makishart]

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.

You have need to stake some FTT to be able to get the free ethereum transactions. FTX will not give a free transaction if you have not a part of FTT stakers. You will get some discount once you send an ethereum transaction. The non stakers will get only a few transaction with discount on its fees. Not so many people are discovering this but i guess that's why people are also actively using this exchange site.
Im getting a discount for sending ethereum now. https://help.ftx.com/hc/en-us/articles/360052410392-FTT-Staking

[ene1980]

Ethereum transaction fees have been high since the past few months. and this issue has been talked about by many crypto users. and no one can provide a solution other than using other altcoins to make transactions because they have low transaction fees. and if you use the binance market then you should use BNB as a transaction tool because bnb transaction fees are still relatively low than ethereum and you can store them using a Binance smart chain wallet.

The OP is complaining that the exchanges are charging higher fees than normal and from what i understand that is what he is talking about. There are exchanges that charge a much higher transaction fees even though the general fees are much lower and if you question them, the excuse they would say is that they do not want to encourage users to use their exchange to break the transaction trail.

[letyouearn]

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?               

That Ethereum blockchain problem - not exchanges' one. Ethereum blockchain is overwhelmed with Defi transactions and its getting worse... I hope they will solve this somehow in the nearest months.

[CaVO32]

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?               

That Ethereum blockchain problem - not exchanges' one. Ethereum blockchain is overwhelmed with Defi transactions and its getting worse... I hope they will solve this somehow in the nearest months.

Many users have been waiting for this, but sadly, up until now, eth network is still expensive to small traders. I don't know when will eth team will finally resolve this matter. But this is good for new networks as they can sell their services with cheaper fees than eth. This is why we are seeing several networks like BSC, SOL, ADA, DOT, AVAX to rise in their popularity, because users are switching to these networks.

[Valak]

In most cases, Ethereum gas fees are primarily determined by supply and demand among network miners. This means that they can reject the transaction if the gas price does not meet the standards. This also means that gas costs fluctuate for processing power.

[celot]

Send coin with ERC20 need 9$ until 15$ right now, ETH have raise all time high and see little possible back again to lower price and need to see other platform coin like Matic, BSC and Sol have lower fees. Maybe I can recommended with lower fees right now is BNB coin and you can buy or sell on pancake swap and see good coin to buy or sell.

[MFahad]

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 are always Etherium high gas fee issue in exchanges. I usually use FTX exchange for withdraw Etherium to wallet. In Ftx amost 10$ fee charged while Kucoin and Binance Eth withdraw fee is double almost 20$.

[passwordnow]

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?               

All exchanges are just relying on the network. If the fee for the ethereum network is that much then there's no way to lower it. Even if you look for other exchanges that you think has a lower fee, it won't do that much.
What you have to do is to look if there's another protocol or network for that token that you're about to withdraw in ERC20. This is common today that an exchange is support another protocol for that particular token as long as it's supported by them to save fees.

[JeffBrad12]

Have any crypto exchange with low withdraw fees?               

You have the best choice of exchange site with the lowest withdrawal fees and that's ftx exchange site. You will get up to 50% discount for the fees or even free withdrawal if you have been staking small amounts of FTT token in FTX. this exchange site was far better in term of user experience. I have been using this since last year and all of my withdrawals were always getting huge discounts on the fees.

[ansarose1]

Unlike a couple of years ago, ethereum gas fee were very low such that it couldn't reach a dollar, but seems ethereum network goes bullish and takes a high price value ten times than it was, it's gas transaction fees also gets high and because of this, several of traders and investors tend to switched to binance network just because it has lower gas fee, but take note if the Binance goes high valued coin someday, it just like bitcoin and ethereum network that would require higher value for it's transaction fees.

[timerland]

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.

If it was the other way around (MEW to Kucoin) then you could potentially lower your gas and save fees.

But given that Kucoin/Binance is in control of the wallets and the withdrawal fees, there is no way for you to save fees unless you somehow convince them to lower them for you - which is not probable.

[batako]

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).            

Withdrawal fees for ethereum from exchanges are indeed high based on todays rate. My local exchange put 0.01 per transaction which is too high for small trader like me. But what can we do? Its better to withdraw only relatively bigger amounts of ethereum instead of trying to withdraw the small ones. To save fees.

Have any crypto exchange with low withdraw fees?              

I bet, every exchange has their own fix fees and most will be high enough.

[mrtryonebiggums]

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 exchanges themselves are gonna offer similar rates. However, you may be able to get away with transferring with another currency (granted it is on both exchanges). I have used XRP and XLM in the past because they offer low fees to move upon exchanges. Try those out and see if it works.

[Woodie]

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).                

Ethereum fees went up after seeing a temporal fix that we got to enjoy lower fees earlier this year but transaction( gas) fees have gone tremendously  high again and they haven't been going down either. Sometimes i think its sabotage by competitor companies to gain new users on their network as its all part of playing business.

Have any crypto exchange with low withdraw fees?

hate to be the bearer of bad news but Its pretty much uniform everywhere when it comes to high withdraw fees at the moment and it actually gets worse if you are trying to move ethereum tokens.

[sitbang]

one factor in the high withdrawal fees on ethereum because it is unstable many exchange networks use eth and it can cause congestion, I haven't used an ethereum wallet in a long time because transaction fees are expensive especially if I do microtransactions.