[beiller]

I don't think there can theoretically be a run on the exchange because in theory all the deposits are there, in the exchange, in theory, unlike a bank which only had a fraction of the deposited money in reserve. A run on a crypto exchange would be great for them considering they usually charge a withdrawal fee.

[CyberDildonics]

Those aren't withdrawal fees, those are transaction fees for the network. Most cryptocurrencies cost next to nothing for each transaction, while bitcoin and ethereum cost from $20 - $60 USD for the average transaction.

[beiller]

No I'm not confusing it. My exchange and all other exchanges charge a fee to withdrawal money. Its usually quite large.

[CyberDildonics]

Again, that fee is not something the exchange is charging you. The fee doesn't go to them.

If it is bitcoin or ethereum there are very high fees for each transaction. The exchange is showing you those fees in your native currency. They aren't getting that money, it is going to the miners.

[beiller]

No you still are misunderstanding what I'm saying. The text on the exchange for me is like "We charge 0.05% fee on all withdrawals NOT INCLUDING the transaction fee to send to your wallet".

[CyberDildonics]

If you are not talking about the spread between exchanging two currencies, that should be a GIANT red flag to not use that exchange.