Post
Topic
Board Altcoin Discussion
Re: exchange fees that no one talks about
by
BitcoinHodler
on 24/01/2019, 15:11:23 UTC
how is it that every one is complaining about bitcoin high fees etc. but they arent talking about the ridiculous exchange withdrawal fees? these fees cost 10$ usd. that is sky high fees. this is tradesatoshi site. other site were charging alot too. u want to send and receive but these exchanges are making more money that the miners. where are you guys going to send and withdrawing your coins? these exchanges charging a dime for the withdrawal fees is not going to drive up adoption. i rather transact with a visa card. imagine buying some kfc and ur sending bitcoins through but get charge 10$ extra because exchange fees. thats bs.
I will prefer to use major exchange site which has already charged a few bucks. Remember hitbtc can be considered as an exchange site which has been putting non sense transaction fees. Someone stated that he got up to $50 to pay the fees only. i can get a few bigmac for that

there are actually a lot of exchanges that have high withdrawal fees. specially when it comes to altcoins. for example last time i checked Yobit (a shitty exchange that shouldn't have such high fees) were charging 0.01 BCH per withdrawal which is ridiculously high since they pay about 0.00001000 BCH fee themselves.

You can choose coins with lower fees. One of them is the NEO and the other is the XRP. Both commission rates are lower and faster than other coins.
you may wanna read the topic before answering next time...