The only reason I am posting this today is that I bought bitcoins from kucoin exchanger. I learned bitcoins are not secure in bitcoin exchangers. I chose a hardware wallet. Now my problem is that when I try to transfer bitcoins to hardware wallet, I see a fee of 0.0005 bitcoins, what is the reason for the high fee? A few days ago, it seems that it was 1-2 dollars. Fee will not be reduced? If the fee is not reduced then I will withdraw with this fee.
Your choice of going self custody of your bitcoin is actually a great idea. For the past 1-2 weeks now we have been experiencing a high increase of transaction fee, in fact it is coming down right now because it had gone pass the 100 sats/vbyte mark before. The reasons is because of some ordinals and inscriptions that are feeling up the block size and are paying high transaction fees to get their transactions into the next block. With the block size relatively limited you need to pay high fee too to get your transaction confirmed.
At the moment the fee is around 65 sats/vbyte which means that the fee set by KuCoin is extremely high and you can’t customize that, although there own charges is included if the bitcoin is actually in other wallets I would have advised you to wait till the the mempool gets less congested and the fee is lower but since it is an exchange I wouldn’t want you to risk it and leave your funds there so I will say you should take the loss and just move your funds, $1000 isn’t a small amount at your place now and will be risky to lose it totally to exchange collapse or anything