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by CyberDildonics 1864 days ago
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.
1 comments
beiller 1863 days ago
No I'm not confusing it. My exchange and all other exchanges charge a fee to withdrawal money. Its usually quite large.
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CyberDildonics 1863 days ago
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.

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beiller 1862 days ago
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".
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CyberDildonics 1862 days ago
If you are not talking about the spread between exchanging two currencies, that should be a GIANT red flag to not use that exchange.
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