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CryptoZombie

YoBit's Withdraw fee is high.

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I don't know if y'all are aware that the withdrawal fee for Yobit is 0.0012btc, that amounts to the earnings made after making 120 posts on this forum.

What are your views on this?

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you are aware there lots of other coins you can buy first with your balance and then transfer that to your account, but trust me trading in yobit is very profitable.

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27 minutes ago, CryptoZombie said:

I don't know if y'all are aware that the withdrawal fee for Yobit is 0.0012btc, that amounts to the earnings made after making 120 posts on this forum.

What are your views on this?

You can solve your fee issue by converting you Bitcoin to ltc or waves etc. Because rates from these coins are stable and affordable. There is no doubt the yobit is fast exchange and you can make 0.001BTC in minutes if you have big capital of BTC. Afterall we are humans and if we earn 0.0012 BTC for fees we become greedy to earn more. So be absolute and puctual when performing suc actions. Double check your addresses alwas.

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32 minutes ago, CryptoZombie said:

I don't know if y'all are aware that the withdrawal fee for Yobit is 0.0012btc, that amounts to the earnings made after making 120 posts on this forum.

What are your views on this?

Just buy litecoin with your bitcoins and then withdraw. For some reason they keep the bitcoin withdrawal fee too high. Litecoin (preferably), eth, waves have a lot cheaper withdrawal fees than bitcoin. Doge is also high I don't know the reason.

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25 minutes ago, LokiApeka said:

right, sell all your earning to TRX. after that you can withdrawl with low fee is 10TRX.

if you withdrawl with BTC, You will never get anything, because it runs out for a fee

DGB and waves are best in this regard.  waves cost only 0.002$ to withdraw any amount from yobit. and ltc is so good also. i costs about 0.12$

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1 hour ago, CryptoZombie said:

I don't know if y'all are aware that the withdrawal fee for Yobit is 0.0012btc, that amounts to the earnings made after making 120 posts on this forum.

What are your views on this?

yes, the commission on bitcoin is not small, but on other exchanges it is not much different, there is an alternative option, it is to buy other coins for bitcoins and withdraw them practically without commission, for example doge or dgb


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I see that Yobit is contributing a lot to the growth and spread of cryptocurrencies around the world. This campaign is rated 10, and it will surely reach many people and thus help in the growth of the market and the adhesion of more and more people. Congratulations and good posts to all !! Yobit a great exchange !!👍

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5 minutes ago, LokiApeka said:

it depends on each person's taste, if I prefer to use TRX to withdrawl because 5 minutes landing in my wallet.

so make your own choices in my opinion.

yes sir, i  know that, it depends on users taste. i just told him the way and shared my options. thanks for paying time to my posts


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I generaly convert my BTC to ETH and send to blockchain wallet then I make a Swap ETH>BTC and doing this I still saving 50% of fees, of course this is with little amount of BTC less than 0.01 when I make big profits I don´t care the Yobit fee and move my earning directly in BTC.


 

 

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I saw that the withdrawal fee for ETC is very cheap, that is 0.005ETC. Very cheap, it's just 500sat.
but the weakness requires 200 confirmation for landing in your wallet

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1 hour ago, CryptoZombie said:

I don't know if y'all are aware that the withdrawal fee for Yobit is 0.0012btc, that amounts to the earnings made after making 120 posts on this forum.

What are your views on this?

why not you just exchange it to another coins for cheap fees?

example if you have bitcoin exchange it into ltc/xrp and the fees for both of it just around 0.12$

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39 minutes ago, susilabai said:

This is the way what i am also doing but now i got one more way of more cheap fees and that is LTC even in localbitcoins site their are LTC buyers. and sellers so it is more cheap.

Really? that´s so good... But unfortunable for my I never see a LTC buyer in LocalBitcoin for my local fiat, maybe I have to make a better research the next time I change BTC to fiat.

That could be great becouse sometimes the procees to swap ETH>BTC in Blockchain wallet can take a long time.


 

 

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39 minutes ago, susilabai said:

That is why i just go to localbitcoins and directly sell to the user and get BTC and immediately sell btc to fiat currency, same process in one place.

Wow now I got you´re idea and I can do the same, I really apreciated you recomendations, for sure a more cheap and quick way to convert my BTC in fiat.

Thank you very much.


 

 

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actually the bitcoin withdraw fees are really high 0.0012 btc on binance are less than half 0.0005 btc, obviously it's better to first change to xrp or doge and then do withdraw...


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Yes I guess its high on Yobit to withdraw BTC, but for example you could sell your BTC on Yobit, and then buy XRP, which has a low fee around $0.14 or 0.5 XRP. DGB is also very cheap. 

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1 hour ago, duncun007 said:

you are aware there lots of other coins you can buy first with your balance and then transfer that to your account, but trust me trading in yobit is very profitable.

I would love to know how trading on yobit is more profitable than some exchange because there's no difference between it and other exchange and aside from that, not everybody would love to convert there coin everytime to bypass the high withdrawal fee. 


Join Jackbit today and start claiming free coins worth up to 10$ every 10 minutes.

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1 hour ago, oecp85 said:

I generaly convert my BTC to ETH and send to blockchain wallet then I make a Swap ETH>BTC and doing this I still saving 50% of fees, of course this is with little amount of BTC less than 0.01 when I make big profits I don´t care the Yobit fee and move my earning directly in BTC.

This is the most logical, I see no better way to do it, maybe other altcoins are likely to work out, but ETH seems much more reliable.

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Between other exchange indeed yobit is very high. But we know that many people still trade on yobit and never mind with the fee. We can check in coinmarketcap that yobit in top 68 crypto exchange by trade volume. 

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39 minutes ago, Bills said:

This is the most logical, I see no better way to do it, maybe other altcoins are likely to work out, but ETH seems much more reliable.

Yes, now I see all more clear, I don´t know why I never think about it, but to be honest is the first time I read about this option in LocalBitcoin, I was lossing my money for a long time. hahaha


 

 

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9 minutes ago, Phash said:

I would love to know how trading on yobit is more profitable than some exchange because there's no difference between it and other exchange and aside from that, not everybody would love to convert there coin everytime to bypass the high withdrawal fee. 

personally ive traded a small amount ito 4X on yobit, we both might've had different experience on yobit but mine has been profitable, and about withdrawal fees i buy trx or dgb and thats whats convenience to me. if youre transferring large amount then perhaps use eth.

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8 minutes ago, duncun007 said:

personally ive traded a small amount ito 4X on yobit, we both might've had different experience on yobit but mine has been profitable, and about withdrawal fees i buy trx or dgb and thats whats convenience to me. if youre transferring large amount then perhaps use eth.

Retirement recommendations are always given for ETH, several people who have retired tell me that it is the best option. But I recommend that you accumulate enough and make few withdrawals.

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2 hours ago, mostawda3 said:
Withdraw fee is high in all exchanges
Because the bitcoin fee is too big
No one sends Bitcoin
Buy other currencies and send them, the best currency you can convert from the yobit platform is Litecoin
 

No, the Bitcoin transaction fees are not big. And an exchange has the possibility (and use it!) to group more withdrawals together in one transaction, saving even more with the fees. The "bitcoin fees is high" thing is outdated for almost 2 years and it's still preached by the ones that don't understand, but oppose Bitcoin. Don't fall for that.

 

However, the exchanges use, for convenience, a great margin around those fees, just in case. But, as everybody said, there are plenty of altcoins one can use to save some money, well, unless he wants to HODL Bitcoin, in which case it should be no problem to withdraw after some bigger amount of coins is gathered and the fee is not so painful anymore.

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it's simple problem buddy, just swap your Bitcoin to ethereum or wave, that's coin much cheaper cost to withdraw, if you withdraw in ETH you only need 0.005, hopefully can help.


 Trade what you see, not what you expect 
#ProphetInvestor


 

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I do believe that BTC has anyway big fees. Therefore convert those in other currencies and then you will withdraw if this is what you wish to do! I like Yobit... as they are doing what not many does.

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I really always used DOGE to withdraw funds, but after reading this thread I understand that there are really a lot of additional options for withdrawing funds with a minimum commission. It looks like a guide.

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