Post
Topic
Board Service Discussion (Altcoins)
Re: You can lose transfering and withdrawing
by
martina14
on 30/01/2021, 13:38:59 UTC
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.

The gas fee for ETH was really insane actually, imagine from 50$ balance they will deduct 18$ from it, so the only
balance that will be transfer into your wallet address you give is 32$, right? for me that is really unfair and very unjust too.
This must be lessen in terms of every transactions were gonna made anyway.