Exodus Fee , so high

[bitterguy28]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

[MrSpasybo]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

Exodus has been notorious for its high fees, and as far as I know, the fees depend on the status of the blockchain and Exodus does not charge users directly. Typically, Exodus tends to suggest fairly high fees to ensure a smooth user experience, but users can still customize fees when sending tokens.

For the Swap feature, I couldn't find any instructions related to custom fees, so Exodus probably doesn't support this feature yet. Exodus uses various methods for swapping, including DEXs and CEXs, which can result in high fees. I wouldn't recommend using Exodus Swap frequently. It's better to connect directly to DEXs or send tokens to CEXs then trade there.

• How do I swap crypto in Exodus Swap?

[EnergyFather]

As already suggested above, you should use CEX or DEX directly because in most cases it's cheaper than using the wallet's built-in swap.

any tips how can i save fees to convert my USDT to bitcoin?

It's not specified in your post which blockchain your USDT is on. But if your USDT is on the TRON blockchain, here is a tip for you: you can save on transaction fees by purchasing energy for your money transfer instead of directly paying network fees for energy. At current rates you can save $1.35 or $2.7 per transaction just on that.

[dkbit98]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

Exodus is using third party exchange providers for making any swaps, so they are going to charge fee for this and they also charge standard transaction fees on both blockchains.
Fees on Bitcoin and Ethereum can get really high and you would have to pay double fees when using Exodus.
Note that Exodus partners can also freeze your coins when exchanging coins!

[Aanuoluwatofunmi]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

If you're making use of a wallet, that is a different case entirely, while if you're making use of an exchange, it will be convenient for you to use the exchange pairs in changing for your desired coin, but using exodus wallet, i don't think you can use that to exchange except you send first to an exchange, also about high fees, you may have to wait for some time when the fees come down before sending if you cant afford the cost.

[bitterguy28]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

Exodus has been notorious for its high fees, and as far as I know, the fees depend on the status of the blockchain and Exodus does not charge users directly. Typically, Exodus tends to suggest fairly high fees to ensure a smooth user experience, but users can still customize fees when sending tokens.

For the Swap feature, I couldn't find any instructions related to custom fees, so Exodus probably doesn't support this feature yet. Exodus uses various methods for swapping, including DEXs and CEXs, which can result in high fees. I wouldn't recommend using Exodus Swap frequently. It's better to connect directly to DEXs or send tokens to CEXs then trade there.

• How do I swap crypto in Exodus Swap?
  

makes sense , thank you for the answer mate , will check this since i am still keeping my usdt .

[bitterguy28]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

For the Swap feature, I couldn't find any instructions related to custom fees, so Exodus probably doesn't support this feature yet. Exodus uses various methods for swapping, including DEXs and CEXs, which can result in high fees. I wouldn't recommend using Exodus Swap frequently. It's better to connect directly to DEXs or send tokens to CEXs then trade there.

• How do I swap crypto in Exodus Swap?
  

Just yesterday that I observed , swapping 200 dollars worth of bitcoin to XRP takes me 10 dollars for the fee? WTF , this is the first time that I checked it completely , now I am completely decided to never use this wallet again and forever.

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

If you're making use of a wallet, that is a different case entirely, while if you're making use of an exchange, it will be convenient for you to use the exchange pairs in changing for your desired coin, but using exodus wallet, i don't think you can use that to exchange except you send first to an exchange, also about high fees, you may have to wait for some time when the fees come down before sending if you cant afford the cost.

Have you used Exodus ? if yes please tell me so I can extend my conversation with you but if not then best to stop posting here because exodus has an swapping feature meaning you can exchange coins .

[TryNinja]

Have you used Exodus ? if yes please tell me so I can extend my conversation with you but if not then best to stop posting here because exodus has an swapping feature meaning you can exchange coins .

Just because your wallet has an swap feature doesn't mean you should use it. MetaMask also has swapping embedded to it, but using it is just a bad idea because they jack up the fees, so people use Uniswap or other dexes. Compare what you pay on Exodus vs an swapping website like https://exch.cx or just Binance.

[Charles-Tim]

Have you used Exodus ? if yes please tell me so I can extend my conversation with you but if not then best to stop posting here because exodus has an swapping feature meaning you can exchange coins .

Just because your wallet has an swap feature doesn't mean you should use it. MetaMask also has swapping embedded to it, but using it is just a bad idea because they jack up the fees, so people use Uniswap or other dexes. Compare what you pay on Exodus vs an swapping website like https://exch.cx or just Binance.

I can also recommend instant exchange like https://exch.cx. For other centralized exchanges like Binance, I prefer OKX because I have seen it to always have slightly lower fee. Right now bitcoin withdrawal fee on Binance is $5.01 while it is $3.1316 on OKX. If it is a small amount of money, I used lightning network for the withdrawal. Although, anyone that wants to withdraw huge amount of money will not consider that.

[dkbit98]

Just because your wallet has an swap feature doesn't mean you should use it. MetaMask also has swapping embedded to it, but using it is just a bad idea because they jack up the fees, so people use Uniswap or other dexes. Compare what you pay on Exodus vs an swapping website like https://exch.cx or just Binance.

Some hardware wallets also have integrated centralized swap exchange partners so they can earn additional percentage from each trade, but I don't recommend using them.
Fees are usually higher and they can always freeze your coins if they think something is suspicious.
I heard several cases of coins getting stuck after using exchange in Exodus wallet.

[bitterguy28]

Have you used Exodus ? if yes please tell me so I can extend my conversation with you but if not then best to stop posting here because exodus has an swapping feature meaning you can exchange coins .

Just because your wallet has an swap feature doesn't mean you should use it. MetaMask also has swapping embedded to it, but using it is just a bad idea because they jack up the fees, so people use Uniswap or other dexes. Compare what you pay on Exodus vs an swapping website like https://exch.cx or just Binance.

Yeah thats rteally my stupidity trusting that wallet  its just happened that I used this wallet to keep holding because one of my friends tell me so but now that this BS swapping fee that I dfound , for sure I will literally use other exchange with minimal fee on it.

I can also recommend instant exchange like https://exch.cx. For other centralized exchanges like Binance, I prefer OKX because I have seen it to always have slightly lower fee. Right now bitcoin withdrawal fee on Binance is $5.01 while it is $3.1316 on OKX. If it is a small amount of money, I used lightning network for the withdrawal. Although, anyone that wants to withdraw huge amount of money will not consider that.

I have also seen this OKX advise from a group member but have not tried yet so thanks for your advises and sharing guys I really appreciate that and will be looking for using those sooner.

[Mr. Magkaisa]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.

        -   I don't use Exodus, and I'm also not sure if from USDT-BTC there is another network to shop on so you can save on the fee you say OP. I also don't know if there is usdt (bep20)-btc, because there are other exchanges here that have btc (bep20), although I haven't tried it yet.

Or what you can do is just transfer your USDT using the Bep20 network to another Cex platform or Dex, depending on the choice you want to transfer your fund from Exodus. This is the only good option you can do, in my opinion.

[Aanuoluwatofunmi]

is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ?

I have been recommending exodus wallet for the beginners to use but never thought of giving a try on it by myself because of the nature of the kind of wallet it is, secondly, i never expected to see that its having a high fee rate in converting USDT to bitcoin, because this alone may be a threat to the newbies who make use of the wallet for easy experience in it, now that mempool is less congested, i think it should be less charged.

[B.Trader]

Instead of using Exodus's built-in exchange feature, consider transferring your USDT to a centralized exchange like Binance or Coinbase. These platforms typically offer lower conversion fees, and once you've converted your USDT to Bitcoin, you can transfer the Bitcoin back to your Exodus wallet.Exodus is a popular wallet, but it does tend to have higher fees for conversions, especially when using the built-in exchange feature. This is because Exodus partners with third-party exchange providers who set their own rates, and the fees can include both network fees and a markup on the exchange rate.

[MrSpasybo]

Instead of using Exodus's built-in exchange feature, consider transferring your USDT to a centralized exchange like Binance or Coinbase. These platforms typically offer lower conversion fees, and once you've converted your USDT to Bitcoin, you can transfer the Bitcoin back to your Exodus wallet.Exodus is a popular wallet, but it does tend to have higher fees for conversions, especially when using the built-in exchange feature. This is because Exodus partners with third-party exchange providers who set their own rates, and the fees can include both network fees and a markup on the exchange rate.

Exodus - CEXs - Exodus is clearly a more advantageous approach, but many users are reluctant to use CEXs. They prefer to self-custody all their crypto assets directly on their wallet app. If they have a significant amount of crypto and want to trade tens of BTC, the transaction fees on Exodus might not be a concern for them, as they are primarily interested in transaction speed.

I hope that with the increasing popularity of Bitcoin Layer-2, the transaction fees on Exodus will also decrease, even when users want to swap BTC/stablecoin. However, a new problem arises as users will need to trust Bitcoin Layer-2 protocols rather than Bitcoin Layer-1, which can sometimes be riskier than using CEXs for short-term trading.