Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Andri937 on July 26, 2020, 04:22:51 PM
-
What do you think about transaction fee? Sometimes it really pisses me of.somedy, In the perfect world, there will be no comission at all. But frankly, I see that some exchanges have already decided to do that. I found a post, that it could be highly likely that the big part of the exhanges will do that soon. https://this Url is blocked due to spam/en/blog/free-transactions. Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
-
It is a horror what some centralised exchanges charges for transactions fee and withdrawal fee. This makes trading not to be smooth. Making decentralised exchanges looking more attractive. In fact, a decentralised exchange like INJECTIVE PROTOCOL is designed to be a second layer to trade border less on other DExs
-
The charges on some transactions lately is really annoying. You can even be charged as high as $10 on a bitcoin transaction which involves a meagre amount less than $50. Initially, the exchanges were the major culprit of these exorbitant charges. Some wallets are also becoming fond of that too. For the best of charges on transactions especially on withdrawal fees, you need to try the wallet application from atomicwallet.io where users can have their transactions confirmed at a faster rate with low fees.
-
Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
This is where XRP comes into play, they have low fees and faster in handling transactions speed. Most of this fee isn't the developer's fault but the smart contract. Sending tokens through smart contracts tend to have high fee esp ERC20 tokens.
Some of these fees on exchange are used to buy back the utility tokens of the exchange to appreciate in value and also to make investors happy.
-
Hibtc has been a nightmare in terms of this withdrawal fee, I believe that lots of people avoid the exchange due to low trading volume and most importantly withdrawal fee, they have the highest withdrawal fee in crypto space, currently its $10+ just for withdrawal fee
-
This has been a serious challenge these past couple of weeks owing to increase in value and prices of bitcoin and Ethereum. Also, the difficulty in mining has also prompted the increase in cryptocurrency fees and it has led to congestion in the several blockchains. The best crypto for usage at the moment is TRON or waves both of which have seemingly maintained their cheaper fees and speeds.
-
The Bitcoin and Ethereum transaction fees are really unstable. But still both are dominating the crypto industry because of the users already trust the crypto leaders.
-
It is horrible and terrific how transaction fees skyrocketed this period, though network congestion is a factor to consider as well. Imagine less than weeks ago I used almost $2 as transaction fee to send ETH of less than $5 because i needed it urgently.
-
It pisses me off too. But I think after a while everything will be restored and the transaction fees will be small again.
-
It pisses me off too. But I think after a while everything will be restored and the transaction fees will be small again.
I think it's a fixed price, like eth withdrawal is 0
01 eth, no matter the price of eth the fraction of 0.01 will remain constant
-
At this time transaction fee is very high. Though price of crypto currency is increasing but transaction fee is not decreasing anymore.
-
It pisses me off too. But I think after a while everything will be restored and the transaction fees will be small again.
I think it's a fixed price, like eth withdrawal is 0
01 eth, no matter the price of eth the fraction of 0.01 will remain constant
Some platform doesn't set fixed amount. If you think about MEW, then you will be able to see that fee is variable there.
-
I think transaction fees are born because they say they need a profit to keep the exchanges running. Airdrops are generated from exchanges, aren't you very excited when they run the airdrop? Adopt it, as it's tiny for the money you have
-
I don't think there are ways out there to avoid fees in making transaction from what exchange you're using.
-
Transaction fee is an important thing for every exchanger. It is not possible for exchanges to make free the transaction fee because it is one of the income sources of the exchanges. But transaction fee should be reasonable. Some exchanges take high transaction fee which make a burden to us. It should be lower.
-
I read some announcement that some of the Exchanges increased their transaction fees.
-
Transection fee is one of the important issue now a days. It should be less to make more transaction. One the other hand we also know that transection fee is the earning source of any exchange. So if it would be reasonable then both sides will be benefited.
-
Transaction fees vary from company to company, but it is important to note that each company changes its fixed fee time interval so it can be said that the fixed fee varies from time to time. The transaction fee depends on the transaction in the market.
-
The transaction fee will usually depend on the company we are dealing with but now most of the exchange sites have increased the transaction fees due to the rise in the price of cryptocurrencies. It is true that will change over time as the demand for cryptocurrencies increases transaction fees will decrease instead of high fees low fee exchange sites have high demand.
-
honestly am so tired of eth and high transaction fees, this days transaction fees so high that it is difficult to make small transactions, I do have small transfer to make but the transaction fee is stopping me from doing so, unfortunately we can do anything about it, if you hold erc20 tokens then you must face this problem too.
-
The transaction fee will usually depend on the company we are dealing with but now most of the exchange sites have increased the transaction fees due to the rise in the price of cryptocurrencies. It is true that will change over time as the demand for cryptocurrencies increases transaction fees will decrease instead of high fees low fee exchange sites have high demand.
If we are now talking about the eth platform and the erc20 standard tokens, so you do not expect a sharp decrease in commissions in the near future. Imho the transaction fee will remain very high for a very long time, because of the high popularity of DeFi-projects and their very high load on the eth platform.
-
Well, I don't think all exchanges can do without charging fees. They get funds to run the exchange through fees paid by users. However, some exchanges have fees on the high side.
-
However, some exchanges have fees on the high side.
Well, usually they say "my game, my turf, my rules". )) Exchanges can charge fees as high as they see fit for their business and their internal policies. There are no laws or rules that would legitimize these things in the same way for all exchanges.
-
Well, I don't think all exchanges can do without charging fees. They get funds to run the exchange through fees paid by users. However, some exchanges have fees on the high side.
It is true that there is a definite withdrawal fee transaction of each exchange, while there are free trading fees.
-
It is true that there is a definite withdrawal fee transaction of each exchange, while there are free trading fees.
I think you are mistaken about free trading fees. I personally have not seen any trade without trading fees on any exchange.
All exchanges where I am registered ask trading fees everywhere, without exception.
But I understand there are a lot of exchanges and it is likely that somewhere there are some exchanges with zero trading fees.
-
I think you are mistaken about free trading fees. I personally have not seen any trade without trading fees on any exchange.
but on my local exchange no trading fees (market maker) FYI http://indodax.com
-
I think you are mistaken about free trading fees. I personally have not seen any trade without trading fees on any exchange.
but on my local exchange no trading fees (market maker) FYI http://indodax.com
Then I wonder how does the exchange earn its living? It's well known the main income for exchange owners is trading fees. Probably the owners of that local exchange have some side sources of income. In general, I am confused as to why this exchange does not take trading fees from its users for their trades.
-
Then I wonder how does the exchange earn its living? It's well known the main income for exchange owners is trading fees.
Maybe they get their main income from withdrawal fees or market taker trading fees.
Probably the owners of that local exchange have some side sources of income. In general, I am confused as to why this exchange does not take trading fees from its users for their trades.
FYI, Market Taker / Instant / Stop Order: method will be charged 0.3% fee of the number of transactions.
Market Maker / Limit: does not have to pay for the trading fee (0% fee) in buying and selling activity.
Source: https://help.indodax.com/bagaimana-rincian-fee-di-indodax-com/
-
FYI, Market Taker / Instant / Stop Order: method will be charged 0.3% fee of the number of transactions.
Market Maker / Limit: does not have to pay for the trading fee (0% fee) in buying and selling activity.
Thanks for the detailed information. I see a fairly high trading fee is charged from the marker takers, thus exchange owners can compensate zero fee for the market makers.
For example, at Binance exchange, both makers and takers must pay 0.075% - 0.1% for a trade, is significantly less than 0.3% at FYI exchange.
Being a market taker at FYI exchange is pretty unprofitable. ))
-
Really transfer fee is being a burden day by day. I always support transfer fees. It is one of the main sources of income of the exchangers. But it should be reasonable. Gradually this fee is increasing which is sometimes unrealistic.
-
Well, I think transactions fees are very high this days because we are experiencing a green market trend. However, I believe that when the prices drops, the transaction fees will follow this trend. Ethereum has been known to had increased it's gas prices recently, and it has also prompted other token/coins to follow the same high transactions fees across several networks. It is really becoming unbearable and everyone need to speak with one voice to addressing this issue.
-
We are very much troubled to high transactions gas fees. Because we are bounty Hunters, we cannot get enough payments to pay Ethereum gas fees. Today I transfer my DEXA coin from trustwallet to probit exchange, Ethereum gas network fee only 10 dollars. I can sell only 20 dollar.
-
What do you think about transaction fee? Sometimes it really pisses me of.somedy, In the perfect world, there will be no comission at all. But frankly, I see that some exchanges have already decided to do that. I found a post, that it could be highly likely that the big part of the exhanges will do that soon. https://this Url is blocked due to spam/en/blog/free-transactions. Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
It is not at all with every exchanges. Some of the exchange transaction fees too low but trading fees 4 maker-taker is too high. And others transaction fees too high rather than trading fees.
-
Ethereum 2.0 platform is the responsible for increasing Ethereum transaction fees. Due to the Ethereum transaction fees I cannot transfer my low price assets. If I transfer my Erc20 assets from Myetherwallet to another exchange then Ethereum transaction fees more than my assets value.
-
We are very much troubled to high transactions gas fees. Because we are bounty Hunters, we cannot get enough payments to pay Ethereum gas fees. Today I transfer my DEXA coin from trustwallet to probit exchange, Ethereum gas network fee only 10 dollars. I can sell only 20 dollar.
It is really painful. For those of you who are gracious hunters or small investors like me, it has become a choke point. As a benefactor hunter we get very few tokens from most of the current bounty projects, we are no longer able to sell them because of the extra gas fees, and the profits from small investments cannot be withdrawn for the high gas fees. It’s becoming really unbearable. So hopefully in the interest of cryptocurrency the concerned authorities will consider the matter. Thanks
-
currently how much you need to pay for interact with ETH and TRX smart contracts?
-
Binance gives you a chance to trade their native token for other cryptos, which reveals a certain decrease in trading fees.
-
Transection fee is one of the important issue now a days. It should be less to make more transaction. One the other hand we also know that transection fee is the earning source of any exchange. So if it would be reasonable then both sides will be benefited.
I think binance & coinex exchange have the most reasonable transaction fees. Do you know coinex exchange dogecoin withdrawal fee only 1 DOGE.
-
IMHO, commission is not a problem to me if its only small amount and only reasonable but if it is already a big amount thats another story but for now that Im using Binance I dont see that they are charging commission.
-
IMHO, commission is not a problem to me if its only small amount and only reasonable but if it is already a big amount thats another story but for now that Im using Binance I dont see that they are charging commission.
Yes. True that this is not a problem, Binance is not too expensive for transaction fees. Many people use it now.
-
IMHO, commission is not a problem to me if its only small amount and only reasonable but if it is already a big amount thats another story but for now that Im using Binance I dont see that they are charging commission.
Yes. True that this is not a problem, Binance is not too expensive for transaction fees. Many people use it now.
I think you can use other coin alternatives which in my opinion can still have cheap transaction fees, because if you use coins that have high prices, the transaction fees will be expensive.
-
It really pissed us if the transaction fees were too high, like what happens in Ethereum Network recently due to the Defi crazed in some DEX particularly in UNISWAP the transaction fees were skyrocketed to as high as $9 that was causing an uproar from Ethereum users.
-
This is basically why the Ethereum blockchain has faced a massive backlash in the last couple of weeks. It is almost impossible to get relatively cheaper fees in the Ethereum network meaning you need to spend more money on gas and still risk the possibility of a congested network to have a successful transaction. With the emergence of other blockchains, this is leading to more competition and migrations to alternative blockchains namely; Tron, Binance etc...
-
What do you think about transaction fee? Sometimes it really pisses me of.somedy, In the perfect world, there will be no comission at all. But frankly, I see that some exchanges have already decided to do that. I found a post, that it could be highly likely that the big part of the exhanges will do that soon. https://this Url is blocked due to spam/en/blog/free-transactions. Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
I think that providing fees for each of our trading activities is fine, as long as these fees are still reasonable. But the problem is that most of the current centralized trading platforms charge their users high fees but they are not accompanied by good service. With this in mind I think DEX is better than a centralized trading platform.