Avoiding high exchange withdrawal fees

[joy101]

Avoiding high exchange withdrawal fees you need to withdrew your cash from bank ATM so to avoid high exchange withdrawal fees, that is the best way to avoid it.

 

[Sotherefore]

Using of stablecoin like usdt or busd as the withdrawal method is always very cheaper or you can try a coin like LTC because they are cryptocurrency with the lowest transaction fee and that is the one I have been using, Tron is also good for widrawal.

 

[nimzy]

Withdrawal or exchange rate in terms of business is the most crucial element which business can not work without it even with the rate charges fee. I have not engage in thinks like this but I believe even if to be this thought and knowledge deposited here can helped go a long way to tackle the issue.

 

[richee84]

The high fees charge by most of those exchanger is extremely to high and discouraging. The last time I withdraw on my LUNO account, I end up regretting while I trade with bitcoin. It is much cheaper to trade with litecoin and withdraw it, the fees is usually cheap compare to bitcoin.

 

[eLdavis]

I once suffered from the high cost of transaction fee before in bitcoin then i was kind of under pressure, so i didnt think of these, in the end i wasted my money. But now i nolonger make a direct transaction with bitcoin, i usually exchange it to other coins before doing any transaction

 

[Trexxxy]

The best method is to use a coin that has a lower fees , coins like litecoin and the likes are the best option. I think that is the best way to avoid charging fees on crypto.

 

[Senator]

Yes that's the wisest thing to do to avoid the high transaction fees for some cryptocurrencies like the bitcoin for instance. You can simply convert the coin to something like Litecoin and send out before converting back to Bitcoin

 

[tyrim88]

Though i have just made a withdrawal recently and i found out that some wallet charge is very high and almost half of what you are withdrawing.And i discover that the wallet i used have not updated their price value of late,thereby giving you a different fees from what the actual value is worth.

 

[Ehizzy1]

The best method is to make use of transfer through a small coin then send it to an exchange platform ,since small coins colects low trransaction fee ,so you could easily withdraw

 

[Kelly5]

To reduce the high withdrawal fees for your bank account balances, you can decide to use your bank's own ATM for withdrawal instead of other banks ATM if you can get a.location close to you

 

[Akinwale701]

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?

I have come to realize that different exchange sites have different withdrawal fees for different coins, so the best bet is to swap your assets to the coin with least exchange fees and send it

 

[Niftyyem]

I am thankful that there is the option of swapping btc or ETH for smaller coins in order to avoid all these huge fees, if not, hodling or trading them wouldn't have been profitable at all.

 

[Delight]

The best way to avoid high transaction fee in exchanges is to convert your cryptocurrency to smaller cryptocurrency such as LTC because they have the lowest transaction fee,I don't even know if this will really work because exchanges is that the one that determine a transaction fee.

 

[Dowenship]

Unfortunately in my country, we cant withdraw directly to our back due to the recent law imposed on all financial institute regarding crypto related. But we only use p2p trading method...

 

[Kubiat-Abasi]

This threas has been amazingly helpful to me but I want to ask in my own case, and I'm using Binance pay, I hope their transaction or gas fee isn't too high.

 

[Thinker009]

I mostly make use of the coinbase to coinbase transfer ,as it won't require a single fee when trying to carry out such transaction ,it's one of the method I used for saving fees

 

[Justin]

If I want to withdraw my crypto currencies, I use two methods, one send to my AirTm account and the withdraw as local currency on a mobile wallet, two sell to another user through P2P trade.

 

[Sotherefore]

If I want to withdraw my crypto currencies, I use two methods, one send to my AirTm account and the withdraw as local currency on a mobile wallet, two sell to another user through P2P trade.

Wow which country are you ? because I think this opportunity is not even available here .you can only be able to either withdraw your cryptocurrency to your bank account using the P2P, there is no opportunity for people to exchange their cryptocurrency to airtime.

 

[Good-Person]

Well, actually, I am just concerned about high trading fees on many exchanges. High trading fees takes away a lot from your earnings. When it comes to exchanging money for making payments, I usually compare exchanges and select the right exchange for conducting exchanges.

 

[HayKay]

I think what most people do now is to convert their coins to more stable currencies like USDT, wrapped Bitcoin and the likes so that withdrawal would be as easy and straightforward as possible.
Truth be told, the transaction fees of these coins can be scary.