Post
Topic
Board Service Discussion
Re: Kraken has lowered Bitcoin Lightning withdrawal fee to ZERO
by
o_e_l_e_o
on 01/05/2022, 11:18:23 UTC
Anyone with a Kraken account used this yet? What is the maximum limit on withdrawals? Does it process instantly, or is there still a delay? Do Kraken allow Lightning deposits as well?

Given that they will still need to open/close/balance their Lightning channels, they are still incurring on-chain fees. I wonder if they are willing to cover all those themselves from their trading or on-chain withdrawal fees, or if their Lightning fees will go back up in the future.

-snip-
Really makes you wonder why anybody in their right mind continues to use Binance, when they charge 50x the withdrawal fee that Kraken does, and then just pocket 98% of it as pure profiteering.