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❕NEWS Withdrawing certain coins from crypto exchanges

AudraMiller

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There are many people that use their central online wallet as a cryptocurrency exchange and this can be a very good idea because it gives you the chance to be able to buy and sell other coins using your existing coins and to secure their value in a stable coin to avoid losses during price drops. However, the withdrawal fees that are associated with some of the major coins are very high! In fact if we just look at the yobit exchange, there is a withdrawal fee of 100 DOGE to take our your funds. This is around 40 dollars.
 
I would like you to explain more about what you really mean because on every exchange platform we can easily swap any coin to USDt which is a stable coin and losses are are avoided.
 
I think the yobit exchange should update the withdrawals fee ,because that amount was worth $40 due to the price of dogecoin , but you can swap to other coin if you want
 
I think the yobit exchange should update the withdrawals fee ,because that amount was worth $40 due to the price of dogecoin , but you can swap to other coin if you want
The best way to buy Court such is to convert your doge coin to USDT then send usdt outside to another exchange plaform.
 
The best way to buy Court such is to convert your doge coin to USDT then send usdt outside to another exchange plaform.
This is truly another means or you can convert to a smaller coin if you are willing to do something like that ,because most times usdt have various network and some charges high
 
If you check most coins like Shiba Inu, safemoon, safemars etc the transaction fee for sending out from Exchange platform are just too high
 
If you check most coins like Shiba Inu, safemoon, safemars etc the transaction fee for sending out from Exchange platform are just too high
Or is it because they are on ethereum network ,because if i could recall shibainu is part of the coin under the ethereum network i think
 
Or is it because they are on ethereum network ,because if i could recall shibainu is part of the coin under the ethereum network i think
Yeah Shiba Inu is on Ethereum network but there is also a BSC version of it now. I think the reason might be to encourage more people to use pancakeswap.
 
Some exchange and wallets charges when ever it comes to withdrawal while some doesn't charge high. BInance charge somehow okay, but at times it's high if you aren't using their BSC network to command the transaction. Because with their own blockchain, you can simply see very low fees for cryptocurrency withdrawal.
 
Yeah Shiba Inu is on Ethereum network but there is also a BSC version of it now. I think the reason might be to encourage more people to use pancakeswap.
I will check the coin now , because the last time I checked it it was on the ethereum network ,I couldn't buy because of the high transaction fee that is been displayed to purchase the coin ,I actually wish they could even make their own network and this would make the coin have much more lesser fee , because there are coins of it's Rankings that have a very low fee like it ,that's the proper thing
 
Some exchanges have been associated with high fees and I think that is one of the many aspects where Binance trumps them. However, I still feel there should be a way to handle such fees, maybe converting into another coin before sending it out or use networks with low fees.
 
There are many people that use their central online wallet as a cryptocurrency exchange and this can be a very good idea because it gives you the chance to be able to buy and sell other coins using your existing coins and to secure their value in a stable coin to avoid losses during price drops. However, the withdrawal fees that are associated with some of the major coins are very high! In fact if we just look at the yobit exchange, there is a withdrawal fee of 100 DOGE to take our your funds. This is around 40 dollars.
It's high time someone raise this issue especially with hardware wallet.
I have over 15 dollars worth of firma chain token in my trust wallet and I can't withdraw it because of the gas fee amounting to 35 dollars.
I also have 8 etherium and the gas fee is 5 dollars.
I wonder how and where the variance comes from.
 
In fact if we just look at the yobit exchange, there is a withdrawal fee of 100 DOGE to take our your funds. This is around 40 dollars.
yobit is really a crappy exchange site. the only good thing about yobit is they dont have any kyc. support never gets back to you, if you get locked out of your account your screwed, its expensive to trade & what you mentioned about withdrawal fees.

if you ask in the chat which is the cheapest withdrawal coin, somebody will usually get back to you. i emptied my yobit account some months ago. i exchanged everything to ltc & withdrew using ltc. it was really cheap. eth is probably the most expensive to transfer out. the fees are absurd. yobit offers more gambling options than good trading options.
 
I will check the coin now , because the last time I checked it it was on the ethereum network ,I couldn't buy because of the high transaction fee that is been displayed to purchase the coin ,I actually wish they could even make their own network and this would make the coin have much more lesser fee , because there are coins of it's Rankings that have a very low fee like it ,that's the proper thing
Check Binance exchange platform you will see Shiba Inu that is BSC version, I guess the one Kucoin exchange plaform is on ethereum blockchain network which will have huge transactions fee. Buying the coin now won't be a bad idea because the price is currently down
 
Check Binance exchange platform you will see Shiba Inu that is BSC version, I guess the one Kucoin exchange plaform is on ethereum blockchain network which will have huge transactions fee. Buying the coin now won't be a bad idea because the price is currently down
Yesh I will use the dip as an opportunity to store more of the coin , because I definitely know that when the price starts rising ,the hype would start again and those that have invested would start making the gains they need ,I would try to invest in the coin to also benefit from the increase
 
Yesh I will use the dip as an opportunity to store more of the coin , because I definitely know that when the price starts rising ,the hype would start again and those that have invested would start making the gains they need ,I would try to invest in the coin to also benefit from the increase
That's the best strategy if investing in cryptocurrencies, I can see that the market is rising back gradually though it is still not late to take the advantage of the dip considering that Bitcoin was close to $70,000 before it crashed. Buying OM now will be a good investment.
 
It's easy to avoid such withdrawal fees if you are not taking the coin as it is to a cold wallet for storage. Simply convert to coins with lower withdrawal fees for which Tron and Litecoin are well known for. You can then use it to purchase your desired coin once received on the other end.
 
It's easy to avoid such withdrawal fees if you are not taking the coin as it is to a cold wallet for storage. Simply convert to coins with lower withdrawal fees for which Tron and Litecoin are well known for. You can then use it to purchase your desired coin once received on the other end.
Honestly that is the strategy I adopt if I'm going to send a coin with higher transaction fee what I do is to convert it to a low transaction fee calling like trone
or litwcoin or bitcoin cash then I'll send it because this one's come with a very low transaction fee.
Bitcoin and ethereum transactions fee are not encouraging.
 
Try to convert DOGE (or any coin from Etherium ERC-20 chain) into LiteCoin (LTC). LTC usually has low transfer fees.
This is what I do when I want to make a transaction. Besides, I prefer sending the same coin to the same wallet exchange. For instance, it is if my recipient is using Binance and wants to receive usdt, it will be easier and cost effective if I am also using Binance and wants to send in usdt as well than sending in another coin to another wallet exchange.
 

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