Avoiding high exchange withdrawal fees

[Nurudeen]

The fact remains that if you want to avoid high withdrawable fee with any crypto currency the best way to do this is to look out or any crypto currency that the price haven't gone up like Bitcoin and Ethereum. As the price of each crypto currency exchange is going up so will there transaction fee be moving up if you buy or sell

 

[adazeez1995]

Yea, exchange rates have their own prices, I actually don't use Bitcoin to cash out. Ethereum is faster and cheaper. They even got ethereum ATMs (automated teller machine) out there. Fees can be insanely high sometimes. So, it is advisable to pick the right trade to minimise them.

 

[Briangsam]

Coinbase is actually what I use. It is quite cheaper compared to the rest. It is equally smooth too. Many people face this problem of high transaction rates and it's killing.

 

[Royalty]

Let’s say you want to transfer coins from Binance to another cryptocurrency exchange platform. As you are up-to doing that, Binance will charge you a withdrawal fee.
This fee depends on the coin you are transferring though, but the problem is that some of these coins have very high fees.

 

[Ralphjoe]

Well I just discovered a method that I am willing to try in my next online earning from this forum. It involves making use of Litcoin instead of the normal Bitcoin that I use to make use of and selling off the Litcoin Cryptocurrency as I heard that it's also easy to sell.

 

[Abigael]

Exchanges are very good indeed when it comes to avading the high transaction fees. I like using Coinbase wallet for this purpose. I mostly convert my Bitcoin to Litecoin or Bitcoin Cash before I transact it for the purpose of exchanging it to my local currency.

 

[Sana Diyar]

Exchanges are a very good way in which to earn cryptocurrency. You are able to trade through an exchange in order to try and increase your profits, and what is more than that is that you are also able to get AirDrop as well that may be released on the exchange that you see, and later use that as a trading coin as well when it is released into the market.

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However, many that use exchanges are surprised when it comes to withdrawing their funds and seeing that the withdrawal fee is very high, especially for Bitcoin. In fact there are some exchanges where the withdrawal fee for Bitcoin is actually in excess of twenty dollars, such as the one that I am using. So how do you avoid paying this?

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What you do is that you convert your crytpo to another coin such as rippel or DGB. You then withdraw theose funds to the faucetpay accoutn, which will cost you a couple of cents in US dollar terms and then from there you can make the trade to bitcoin and withdraw the bitcoin. The withdrawal fee from faucetpya is much cheaper than some exvhanges. In my personal experience I prefer to withdraw a store my funds in terms of a coin such as the Litecoin, which has low transaction fees despite the exchange.

What method do you use to try and avoid high withdrawal fees from exchanges?

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[Ashu]

Yeah

Exchanges are a very good way in which to earn cryptocurrency. You are able to trade through an exchange in order to try and increase your profits, and what is more than that is that you are also able to get AirDrop as well that may be released on the exchange that you see, and later use that as a trading coin as well when it is released into the market.

However, many that use exchanges are surprised when it comes to withdrawing their funds and seeing that the withdrawal fee is very high, especially for Bitcoin. In fact there are some exchanges where the withdrawal fee for Bitcoin is actually in excess of twenty dollars, such as the one that I am using. So how do you avoid paying this?

What you do is that you convert your crytpo to another coin such as rippel or DGB. You then withdraw theose funds to the faucetpay accoutn, which will cost you a couple of cents in US dollar terms and then from there you can make the trade to bitcoin and withdraw the bitcoin. The withdrawal fee from faucetpya is much cheaper than some exvhanges. In my personal experience I prefer to withdraw a store my funds in terms of a coin such as the Litecoin, which has low transaction fees despite the exchange.

What method do you use to try and avoid high withdrawal fees from exchanges?

Yeah i totally agree with that the the withdrawal fees of crptocurency specially btc is much more higher. So in that case i simply prefer to convert btc to litecoin or other crptocurency that will have low withdraw value so that my fundsr are not wasted when i withdraw them.

 

[Dowenship]

That's the best withdrawing method. What I see people do this days is they concert to bitcoin then to bitcoin before selling.
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[Alexandoy]

This fees charged by digital wallets is getting prohibitive like they are just increasing the rate of fees that they charge with no reason at all. This is a good topic to discuss because those into crypto are just being milked by the digital wallets. Even with Paypal the fees are getting to be annoying. When I withdrew $32 into Paypal there was a fee of $1.71 which I feel is too much for that little withdrawal. If I would transact $1 million then Paypal will get something like $50,000.

 

[Sheyemanu]

Well I use binance, I think one method i currently use is the use of converting the crypto currency to another one with low withdrawal fees because on binance exchange we usually have coins with low withdrawal fees and coin with high withdrawal fees , so the best thing i would first do is to convert at first then i am good to go because most coins with high withdrawal fees usually have high noticeable minnimum payout which is not always favorable

 

[idhans]

Exchanges are a very good way in which to earn cryptocurrency. You are able to trade through an exchange in order to try and increase your profits, and what is more than that is that you are also able to get AirDrop as well that may be released on the exchange that you see, and later use that as a trading coin as well when it is released into the market.

However, many that use exchanges are surprised when it comes to withdrawing their funds and seeing that the withdrawal fee is very high, especially for Bitcoin. In fact there are some exchanges where the withdrawal fee for Bitcoin is actually in excess of twenty dollars, such as the one that I am using. So how do you avoid paying this?

What you do is that you convert your crytpo to another coin such as rippel or DGB. You then withdraw theose funds to the faucetpay accoutn, which will cost you a couple of cents in US dollar terms and then from there you can make the trade to bitcoin and withdraw the bitcoin. The withdrawal fee from faucetpya is much cheaper than some exvhanges. In my personal experience I prefer to withdraw a store my funds in terms of a coin such as the Litecoin, which has low transaction fees despite the exchange.

What method do you use to try and avoid high withdrawal fees from exchanges?

The rate at which transaction fees is rising these days is just alarming especially in ethereum and bitcoin transactions. It is not advisable to transact small amount of cryptocurrency else you will end up spending about 30 to 40 percent of your cryptos to miners. You can always wait for the gas fee to drop so that you can initiate your transactions.

 

[KvngMurphy]

Wow I just learnt something great right now and it's giving me Joy. Never imagined getting a more easier means of withdrawal and it's really cool. Talking about transferring the crypto to another currency before withdrawal can you please throw more light?

 

[ahmedo24]

Wow I just learnt something great right now and it's giving me Joy. Never imagined getting a more easier means of withdrawal and it's really cool. Talking about transferring the crypto to another currency before withdrawal can you please throw more light?

Yeah for instance if you want to withdraw Bitcoin and the fee is very high the alternative is to convert the Bitcoin to USDt, busd or BNB and withdraw with a very small fee.

 

[Ayokex]

Concerning avoiding high exchange gas fee for cryptocurrency. Well, I believe that some method mentioned here are efficient, though have not actually withdrawed recently on my cryptocurrency wallet. But an individual can transfer from a coin that has high gas fee to the coin that has low gas fee and then process the withdrawal

This is very serious issue and a major concern for many traders. Many cryto exchangers are not helping the matter at all in such a way that want to make all their profits from just one customer. I try as much as possible to avoid such exchangers with higher conversion or withdrawal charges.

 

[Jlife]

This can only happen in ethereum network because it is naturally fitted for high transaction fee, the exchanges i always use is binance and there is no overcharge when I deal with crypto transfer, and besides I always send coin using the binance smart train.

 

[btaliat]

I always make sure that I convert my bitcoins especially to ripple or even small coins before I make any transaction on cryptocurrencies to avoid too much gas fee.

 

[Kingsley]

I use to think that litecoin had the cheapest transaction rate and I thought it had the fastest transaction speed, not until I tried ripple XRP I was amazed at the speed and less transaction fee. Infact it was so insignificant that i almost thought I wasn't charged anything.

 

[Nomad]

Some crypto currencies have high fees, bitcoin and ethereum for instace, where as some coins have low transaction fees for example ripple, liteocin and dogecoin

 

[Ayokex]

The best way to minimize overall ATM fees is to withdraw your cash in an in-network ATM. This is an ATM bank with some partnership with your home bank, or one, which belongs to the global ATM Alliance. The transaction fees are likely to be better with the withdrawal fees being lower or zero.

many of those can cryptocurrency exchangers oftentake advantage of of people during transactions by placing a very high fee on their transactions. Because people have no choice or alternative, they just have to reluctantly accept.