Post
Topic
Board Bitcoin Discussion
Re: Exchanges are starting to reduce their bitcoin withdrawal fees at last
by
bololord
on 02/03/2018, 12:18:06 UTC
Here is Kraken:

https://twitter.com/krakenfx/status/969341056008454144

Quote
Effective immediately, withdrawal fees on Bitcoin (XBT) are reduced to 0.0005, and withdrawal fees on Bitcoin Cash (BCH) are reduced to 0.0001.

And here is Binance:

https://twitter.com/binance_2017/status/969271254959222784

Quote
#Binance is happy to announce a 50% reduction in $BTC withdrawal fees. Effective immediately, BTC withdrawal fees are only 0.0005 BTC!

It's still pretty high given that you can send transactions for a few cents, but it is a step in the right direction.
This is a great news, reducing of the fees are quite negotiable to all users who exchange bitcoin. This fees are pretty low than last year, even last month, at last atleast it drops because fees are taking much part from the money intended to withdraw, but do the transactions will still be the same in fluidity ? does it will be going to be slower as fees are dropping ?