So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.
You need to clearly classify the withdrawal fees on exchanges and transaction fees if you make your BitGeSell transactions from your own wallet.
If you are moving your BitGeSell from one exchange, you will be charged withdrawal fee and believe me, withdrawal fee on exchange is never be cheap as same as the fee you pay from your own wallet.
Why is the transaction fee very expensive?
Because if that's the case, I don't think this coin is practical to use in the payment sector.
Maybe, it depends on the exchange, like for example, it was mentioned above, hotbit, they are charging 20BGL, whereas in crex, only 1.5 BGL.
But why it is expensive in hotbit? The gap of service fees is very wide.
1.5 BGL and 20 BGL are very different withdrawal fee. The withdrawal fee on HotBit is 13.3 times more expensive than on Crex24.