Quote from: bryant.coleman on February 12, 2020, 03:22:42 AM

I have used almost two dozen different exchanges till now (2012-present), and I have seen withdrawal fee ranging from BTC0.0001 to BTC0.0015. Perhaps the highest withdrawal fee that I ever paid was with the Yobit exchange (I think that they have reduced the fees now). Nowadays I don't care much because I am not doing much trading. And I am mostly using peer-to-peer platforms to convert my cryptocurrency to fiat (or the other way around). The problem is that many of these exchanges had this withdrawal fee of 0.001 BTC or 0.0015 BTC in 2015 when the price of Bitcoin was just around $250. The prices have risen by almost 40 times from that level, but most of the exchanges haven't reduced their fees.

Well, the market has a lot of big growth, especially the value of bitcoin is overestimated, with this estimate, exchanges need to establish a fee that is consistent with that value, if we don't feel right, we can look for other exchanges with lower fees or convert to some stable altcoins, the cost will be adjusted accordingly. In addition, the high fee for withdrawing bitcoin is also a strategy of exchanges, it's not entirely bad, it will limit the situation where bitcoin is leaked too much, the market will be harder to collapse than normal