Post
Topic
Board Altcoin Discussion
Re: exchange fees that no one talks about
by
cryptomaster420
on 24/01/2019, 15:50:48 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.
You can never know how many inputs an average deposit transaction takes.
When the mempool was filled, many people needed to pay upwards of $1000 in tx fees simply because of a HUGE number of inputs that increased the size of the transaction.
Ethereum, Bitcoin cash and Stellar ALL have smaller withdrawal fees on exchanges EXACTLY because their tx fees never got as high as those of btc. It's all connected.