Bitcoin withdrawal fee on Bitstamp

[YevaBoghos]

Hello everyone,

I'm looking for a exchange to BTC / USD daytrading, my shortlist is LakeBTC, Bitfinex, Bitstamp.

I have examined the former two exchanges, but there is a problem with Bitstamp, what's the BTC withdrawal fee?   Anyone could tell me the truth? Thanks Firstly.

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[mooncake]

0.

[oda.krell]

I'm afraid the post above is wrong.

Withdrawal fee is about twice as high as what he wrote.




It's zero.

[desticy]

I'm afraid the post above is wrong.

Withdrawal fee is about twice as high as what he wrote.




It's zero.

Don't kidding with him, twice is wrong, you need pay the network fee. ( Bitstamp will pay it for us? )

[oda.krell]

No, no network fee paid by users.

Bitstamp seems to bundle several withdrawal requests into one big transaction, to save on fees and not spam the network, I suppose.

[titulng]

No, no network fee paid by users.

Bitstamp seems to bundle several withdrawal requests into one big transaction, to save on fees and not spam the network, I suppose.

If any period of time that no one withdraw Bitcoins, that need to wait a long time to join in with you?

[oda.krell]

No, no network fee paid by users.

Bitstamp seems to bundle several withdrawal requests into one big transaction, to save on fees and not spam the network, I suppose.

If any period of time that no one withdraw Bitcoins, that need to wait a long time to join in with you?

Never happened to me so far. Either they always have enough people withdrawing, or eventually, they send it out alone anyway.

Note that large withdrawals (maybe 50, 100 btc) seem to be "manually" confirmed by someone at Bitstamp, but  even that never took longer than an hour or two for me. Smaller withdrawals go out within minutes in my experience.

[YevaBoghos]

Thanks for your so patient explanation

[hgmichna]

Note that large withdrawals (maybe 50, 100 btc) seem to be "manually" confirmed by someone at Bitstamp, but  even that never took longer than an hour or two for me. Smaller withdrawals go out within minutes in my experience.

I tried to withdraw BTC 70 from Bitstamp one hour ago and still see no transaction. But then you said, "an hour or two", so I am still within that range.

But an hour or two is far too long for anything as volatile as bitcoin. Two hours can be expensive. I think I will have to move to another exchange. Bitcoin withdrawals on BTC-e are instantaneous, as far as I know.

[KingOfSports]

Note that large withdrawals (maybe 50, 100 btc) seem to be "manually" confirmed by someone at Bitstamp, but  even that never took longer than an hour or two for me. Smaller withdrawals go out within minutes in my experience.

I tried to withdraw BTC 70 from Bitstamp one hour ago and still see no transaction. But then you said, "an hour or two", so I am still within that range.

But an hour or two is far too long for anything as volatile as bitcoin. Two hours can be expensive. I think I will have to move to another exchange. Bitcoin withdrawals on BTC-e are instantaneous, as far as I know.

At the current price and the market manipulation going on, you should probably be buying and not selling. I hope that is what you're doing.

[hgmichna]

At the current price and the market manipulation going on, you should probably be buying and not selling. I hope that is what you're doing.

This is an entirely different question. Anyway, I have bought BTC 70.

But do not delude yourself that you can foresee the short-term future price of bitcoin. If you could, you probably would have better things to do instead of posting here.

Back to the original topic: still no transaction after 90 minutes.

[oda.krell]

At the current price and the market manipulation going on, you should probably be buying and not selling. I hope that is what you're doing.

This is an entirely different question. Anyway, I have bought BTC 70.

But do not delude yourself that you can foresee the short-term future price of bitcoin. If you could, you probably would have better things to do instead of posting here.

Back to the original topic: still no transaction after 90 minutes.

You understood that I was speculating myself, right? I don't work for Bitstamp.

Like I said, I believe larger withdrawals have to be confirmed manually. Depending on the time of the day you request it, it might take until the next working day for that to happen, although, I never had to wait that long.

If 90 minutes withdrawal time from an exchange is too much hassle for you, I suggest you don't leave your coins on the exchange in the first place. The blockchain is fast, human supervision & security, less so.

[hgmichna]

Warning: Bitstamp delays bitcoin withdrawals. I am still waiting after 4 hours. Since the bitcoin price has a high volatility, this is a terrible problem.

A bitcoin transmission should be, and is on other exchanges, an automated and instantaneous process.

As everybody here should know, a bitcoin transfer does not need human supervision and human supervision does not make it safer.

The last time I have experienced bitcoin payout delays was on Mt. Gox, and I hope you all remember how that ended.

If the price keeps going down then the effect is as if they stole thousands of $$ from me and threw them to the dogs. This is painful for me. I cannot afford to waste money that way.

At least now everybody who reads this knows that Bitstamp delays bitcoin transfers by hours or perhaps days. You have been warned.

[picolo]

Warning: Bitstamp delays bitcoin withdrawals. I am still waiting after 4 hours. Since the bitcoin price has a high volatility, this is a terrible problem.

A bitcoin transmission should be, and is on other exchanges, an automated and instantaneous process.

As everybody here should know, a bitcoin transfer does not need human supervision and human supervision does not make it safer.

The last time I have experienced bitcoin payout delays was on Mt. Gox, and I hope you all remember how that ended.

If the price keeps going down then the effect is as if they stole thousands of $$ from me and threw them to the dogs. This is painful for me. I cannot afford to waste money that way.

At least now everybody who reads this knows that Bitstamp delays bitcoin transfers by hours or perhaps days. You have been warned.

Are you sure your confirm by email?

[BitCoinNutJob]

Warning: Bitstamp delays bitcoin withdrawals. I am still waiting after 4 hours. Since the bitcoin price has a high volatility, this is a terrible problem.

Its a real problem for sure but i dont think any of the exchanges guarantee instant withdraw even though most of the time they are instant. 

[hgmichna]

Are you sure your confirm by email?

Yes, perfectly sure. The email request and the email confirmation are shown in the history on the Bitstamp web site.

My only hope is that they indeed run the exchange manually and will do the transfer on Monday.

[hgmichna]

Warning: Bitstamp delays bitcoin withdrawals. I am still waiting after 4 hours. Since the bitcoin price has a high volatility, this is a terrible problem.

Its a real problem for sure but i dont think any of the exchanges guarantee instant withdraw even though most of the time they are instant. 

BTC-e has instantaneous bitcoin withdrawals. And I have difficulties to imagine that big exchanges, like BTC China, are run manually. But who knows—there are many Chinese.

[justforbtc]

Warning: Bitstamp delays bitcoin withdrawals. I am still waiting after 4 hours. Since the bitcoin price has a high volatility, this is a terrible problem.

A bitcoin transmission should be, and is on other exchanges, an automated and instantaneous process.

As everybody here should know, a bitcoin transfer does not need human supervision and human supervision does not make it safer.

The last time I have experienced bitcoin payout delays was on Mt. Gox, and I hope you all remember how that ended.

If the price keeps going down then the effect is as if they stole thousands of $$ from me and threw them to the dogs. This is painful for me. I cannot afford to waste money that way.

At least now everybody who reads this knows that Bitstamp delays bitcoin transfers by hours or perhaps days. You have been warned.

My bitcoin withdrawals from Bistamp has not been processed for 14 hours....

Bitstamp usually processes bitcoin withdrawals within 10 minutes...

[johnyj]

I guess their hot wallet is emptied now. This is the time when many brokers withdraw large amount of bitcoin from exchanges because of suddenly increased purchase from everywhere due to price crash

This again proved that a centralized exchange is not reliable, all you see in your account there is just some numbers in a database, your coin might not be there

[Mieehayii]

Note that large withdrawals (maybe 50, 100 btc) seem to be "manually" confirmed by someone at Bitstamp, but  even that never took longer than an hour or two for me. Smaller withdrawals go out within minutes in my experience.

I tried to withdraw BTC 70 from Bitstamp one hour ago and still see no transaction. But then you said, "an hour or two", so I am still within that range.

But an hour or two is far too long for anything as volatile as bitcoin. Two hours can be expensive. I think I will have to move to another exchange. Bitcoin withdrawals on BTC-e are instantaneous, as far as I know.

as long as you can endrue the ridiculous fee of btc-e

[reyhan12]

I have been unable to withdraw bitcoins for the past 36 hrs.

Another member received an email that there are issues with BTC deposits and they will be issuing new deposit addresses.

https://bitcointalk.org/index.php?topic=914565.0

Go to Bitstamp and check your Deposit page, see if there's this large red warning that says

"DO NOT DEPOSIT TO PREVIOUSLY PROVIDED BITCOIN DEPOSIT ADDRESSES. Deposits sent to previous address will not be honored. New deposit addresses are forthcoming.".

[hgmichna]

I have been unable to withdraw bitcoins for the past 36 hrs.

Another member received an email that there are issues with BTC deposits and they will be issuing new deposit addresses.

https://bitcointalk.org/index.php?topic=914565.0

Go to Bitstamp and check your Deposit page, see if there's this large red warning that says

"DO NOT DEPOSIT TO PREVIOUSLY PROVIDED BITCOIN DEPOSIT ADDRESSES. Deposits sent to previous address will not be honored. New deposit addresses are forthcoming.".

I propose to continue the discussion there, on https://bitcointalk.org/index.php?topic=914565.0 . It was more or less off-topic here anyway.

[picolo]

I heard there are some problems with Bitstamp
Look here : https://bitcointalk.org/index.php?topic=914565.0

But what i know Bitstamp fee is really low

On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC on bitstamp.net

Their fees are not the question Today!

[zenchi8]

Does anyone know what the fee is today?

[NABiT]

Does anyone know what the fee is today?

Zero

[zenchi8]

And it will be transferred fast? How is that possible?

Some exhanges handle a 0.001btc fee which is pretty high!

[NABiT]

And it will be transferred fast? How is that possible?

Some exhanges handle a 0.001btc fee which is pretty high!

They batch the withdrawals together, they pay the fee.

It's been a couple of months since I made a withdrawal but never had any problem with the speed of the withdrawal.

[richardsNY]

Some exhanges handle a 0.001btc fee which is pretty high!

It's not high at all. It's a common withdrawal/external transaction fee. The network fee is hovering between 0.0008-0.001 BTC for quite a while now, so from there it only makes sense that services charge these fees. If you seriously believe that services will grant you cheap external transactions, you're very wrong on that. It would allow people to abuse their platform just for the purpose of sending cheap transactions, and thus save a couple of bucks per transaction. It's a business after all, and a business is in the game to make profit, and not to function as some sort of a charitable organization just because people don't want to pay appropriate network fees.

[zenchi8]

But NABiT just said it's free because they bundle withdrawals?

[NABiT]

But NABiT just said it's free because they bundle withdrawals?

I did, and it is so - https://www.bitstamp.net/fee_schedule/

[zenchi8]

Ok. So then I can transfer that on bistamp to a paper wallet (since that seems more safe to me) and not that from another exchange since it costs 0.001btc which is a bit too much for me.

Thank you.

[NABiT]

Ok. So then I can transfer that on bistamp to a paper wallet (since that seems more safe to me) and not that from another exchange since it costs 0.001btc which is a bit too much for me.

Thank you.

Yes you could withdraw from Bitstamp to wherever you like.

I haven't checked the fees on other exchanges in a while, I did use Poloniex a while back and their fee for BTC withdrawals was 0.0001, I don't know if that is still the case.