Avoiding high exchange withdrawal fees

[BrolySSJ]

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?

 

[Kayzzy3]

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?

Wow! This is very thoughtful and efficient, high transaction fees is one of the major problem with the use of crypto currency transaction so getting through transactions and avoiding high fee will be a good one.

I haven't started using exchanges or trading but when I want to do all those, knowledge obtained from here will come handy, one exchange like and would probably use is AEX.

 

[BrolySSJ]

Wow! This is very thoughtful and efficient, high transaction fees is one of the major problem with the use of crypto currency transaction so getting through transactions and avoiding high fee will be a good one.

I haven't started using exchanges or trading but when I want to do all those, knowledge obtained from here will come handy, one exchange like and would probably use is AEX.

The exchange that I make use of is the yobit exchange. If you withdraw in for example ripple or in DGB or a coin of that nature then your withdrawal fees are just a few dollar cents which is very helpful and then you can convert it afterwards to bitcoin. To be honest before what I used to do was I used to withdraw it to coinpot and then withdraw my bitcoin from coinpot because coinpot has no fees for their withdrawal, but unfortunately coinpot seems to be closing dow.

 

[Ehizzy1]

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

 

[GoldenLady]

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?

Not only with cryptocurrency exchange platforms, even with wallets I prefer bro do this. First convert Bitcoin to preferably ripple or litecoin, then send to the other wallet.

In the other wallet, purchase Bitcoin with the balance. A nice way to avoid the ridiculous gas fees.

 

[BrolySSJ]

Not only with cryptocurrency exchange platforms, even with wallets I prefer bro do this. First convert Bitcoin to preferably ripple or litecoin, then send to the other wallet.

In the other wallet, purchase Bitcoin with the balance. A nice way to avoid the ridiculous gas fees.

Yes this is true. Now if only there was a way that we could possibly make use of Bitcoin for transaction when we are paying for stuff in order to be able to bypass the extremely high transaction fees in that regard. If you are looking to send coins from one wallet to the other, or if you have an exchange and are looking to go from one account to another, there are some that offers features like codes, where you can use that to transfer funds between the two. In this case you don't pay fees to transfer the money.

 

[Patrik]

well, that's a kind of cool method for people with lot of time in their hands, but the procedure is long, if money really matters for you, then go through all of that, but if you are someone who considers time as Gold, just do it the traditional way

 

[GoldenLady]

Yes this is true. Now if only there was a way that we could possibly make use of Bitcoin for transaction when we are paying for stuff in order to be able to bypass the extremely high transaction fees in that regard. If you are looking to send coins from one wallet to the other, or if you have an exchange and are looking to go from one account to another, there are some that offers features like codes, where you can use that to transfer funds between the two. In this case you don't pay fees to transfer the money.

I like this features too, but since it only works between the same wallets, it basically useless, for me now.

Since not all wallets work for all regions of the world, and people like different wallets, this limits this functions extensively.

 

[Damscooguns73]

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

 

[Lagazine]

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?

High exchange for withdrawal on bitcoin is inevitable. It's a great thing for those who are investing on the crypto currency when it was low. It's great idea to be on investment when the market is cheap and sell when it's high.

 

[BrolySSJ]

well, that's a kind of cool method for people with lot of time in their hands, but the procedure is long, if money really matters for you, then go through all of that, but if you are someone who considers time as Gold, just do it the traditional way

Even for those people that consider time to be very important if you look at the steps that you have to take it will probably take you around 10 to 15 minutes to complete all of these steps and to have the various accounts set up. However if you had to directly withdraw the currency to your account then you would find that your transaction fees will be so high. So in that case I think that the extra time definitely can show itself in the money that you save.

 

[Riniyke]

Yes they are some exchange rate fee that's to high I tried buying litecoin on flutterwave I was changed more than other means of payment like PayPal. It is great to do investment but some high rate makes some people back off

 

[Smithkid]

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.

 

[Rimsha kanwal]

If you're traveling abroad and making purchases with your credit card, you may wind up paying an extra 1% to 3% in fees on every purchase—which can quickly add up if you're making large purchases or frequently spend time abroad. You could also be charged foreign currency conversion fees while traveling, which could cost you even more.

 

[mcjerry]

Withdrawing with bitcoin is not an option with small bitcoin. Sometimes the withdrawal fee is half of the total withdrawals. When withdrawing with exchangers, I do elexchange my small balance bitcoin to litcoin before I make a withdrawal

 

[Henrywrites]

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 not found a way to solve this high cost of transaction in Bitcoin. So far, it has not been that easy for me to run both Bitcoin and Bitcoin cash. So, what I always do is to have lots of Bitcoin which will cover the transaction cost when I decide to withdraw. If there is any new way found, I will appreciate it.

 

[Kamon c4]

This is amazing!. I have a means I use to avoid high charges on transaction rates. I convert my bitcoin or ethereum into litecoin and then make withdrawal. The transaction fee on litecoin is still very low compared to the big sharks. Also there’re exchange platforms that let you negotiate the transaction fee

 

[Adetayo100]

Coinbase is the exchange i use and it quite cheaper compare to others. You can fund a Coinbase account using a bank deposit, transfer your dollars to Coinbase Pro. Buy Dai, BTC, ETH, LTC, or another coin that trades on the exchange you want to trade on using Coinbase Pro (it is cheaper than using Coinbase directly.

 

[Jomarie05]

well, that's a kind of cool method for people with lot of time in their hands, but the procedure is long, if money really matters for you, then go through all of that, but if you are someone who considers time as Gold, just do it the traditional way.

 

[Abbas ali]

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.