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YoBit's Withdraw fee is high.

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YObit is charging very high fees for withdrawing in case of bitcoins. According to dear fellows its charging as high as 0.0012 BTCs for this amount you have create or write at least 120 posts which according rules and regulations of the forum will take almost four days.

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On 10/10/2019 at 4:29 PM, Slavi said:

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

Xrp fees too can be a way of withdraw cause it cheap and can be very fast without someone waiting so long .

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On 10/10/2019 at 4:25 PM, 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?

I didn't try to withdraw BTC from Yobit, on most of the exchanges it is between .0005 and .001. I usually convert my Yobit earnings into LTC and withdraw them with .002 LTC fee.


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15 hours ago, Donanald said:

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

there are so many coins on yobit customers can use fr withdrawals but a lot of them think you just have to withdrawal in bitcoin, waves is very low fee coin and it has good liquidity on yobit.

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3 minutes ago, aguasuja said:

What is FR withdrawals?

I don't want to download waves just to do this so i use ethereum and xmr to withdrawal and save in fees.

Do you have better ideas than waves?

its for*

yea you could use TRX or DGB and also doge their fees are low as well but that is if you are withdrawing to another exchange and then trade it for btc on a exchange with lower fees and send it to your wallet.

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16 minutes ago, aguasuja said:

you still didnt answer what FR means?

I know the method of withdrawing another coin with lower fees, I literallt just said I do that with ethereum  and xmr.

FR is a typo! and i was being  good samaritan telling you what i do to go around fees, so if youre using ethereum and xmr what else do you need? 

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On 10/10/2019 at 4:25 PM, 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?

Withdrawal fees on Yobit are very high. I usually convert my BTC to Digibyte or some other currency that has lower withdrawal fees, and then convert it back on the other side. It depends where you are sending it. Obviously you can't do this if you want to send it to a cold wallet. But if you are transferring between exchanges, it seems like DGB has the best fees. I haven't looked into some of the others yet.


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Fee bitcoin in yobit very big indeed. But we have another alternative. We can sell in the form of tron , the fee only 10 Tron or can through Waves only 0.002 waves. But I myself have never tried to pull through waves and tron so I don't know whether the withdrawal process is fast or slow.

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That is not yobit's problem.The fees are high because miners take too much money(fee)! Yobit May charge a little bit but miners charge more.

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I agree that in bitcoin it is expensive to withdraw on this exchange, nothing prevents you from buying Dooge coin and making a withdrawal, it is much cheaper to withdraw money, and is traded on almost all exchanges.

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On 10/10/2019 at 3:25 PM, 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?

I'm aware what you're saying and yobit is not the only exchange that it withdraw fee is 0.0012 and luno, bitforex, vindax etc also accept high fee for their withdraw. I will only advise people to swap their BTC to ETH before withdrawing it cause there ETH withdraw fee is small.

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Well, from my view it's average fee for withdrawing BTC, why not you try to use some alt coin like ETH, BCH and swap it to btc. I recommend Blocktrades.us or just type on google blocktrades.us

Good Luck!

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8 hours ago, Awaremooner said:

With or without buying cheaper coins, taking 120,000 sats as withdrawal fee is quite high. Juxtapose this with what you get from this campaign and you will understand better. This means if you actively participated in this campaign for 30 days and its fully paid, they want 1/10th of your earnings as withdrawal fees. So at the end of the day, withdrawal fees pays for this campaign. Have you noticed withdrawal fees of cheaper coins has also gone up?

yea withdrawal fees are insane on yobit but just for bitcoin and doge fee is always and everywhere is set to between 0.5 to 2  doge but its 500  on here so yes they need to lower the fees.

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22 minutes ago, Awaremooner said:

So you see what I am talking about? Milking the traders on Yobit to pay for this campaign. Its quite unfair. Yobit fees is higher for now compared to other major exchanges

well yea but i think theyre doing it in a robinhood crypto version as they take satoshis from whales and distribute it for the people on here and promoting cryptotalk so its a win win😂

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21 minutes ago, domskie said:

You can choose other currency to withdraw you profit with so that you will not have high withdrawal fee, there is a lof of currencies to choose in yobit, be wise and think of your actions so that you can have good amount of profit.

Yes, for withdrawals we can use crypto which is cheaper, such as choosing withdrawal with Dogecoin. In addition to being traded in various exchangers, Dogecoin is also cheaper to withdraw funds

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6 hours ago, jcarlo said:

Yes, for withdrawals we can use crypto which is cheaper, such as choosing withdrawal with Dogecoin. In addition to being traded in various exchangers, Dogecoin is also cheaper to withdraw funds

I suggest not to withdraw funds from Yobit in Dogecoin. The fee is 500 Doge. It is lower than the fee of BTC but there are cheaper coins for withdrawal, like ETH, Waves or DGB (0.002 DGB fee).

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4 hours ago, anikamishti said:

You can convert or exchange your btc earnings with an altcoin like ltc, dogecoin or wave. Personally I prefer buying LTC and withdraw the amount. The transaction fee is only 0.002 LTC (approximately 0.10 USD) and the delivery speed is really fast.  

thats good reference, I would like withdraw using ethereum, but actually withdrawal fee above ltc, and I think its no problem, because its still normal fee, only 0.005 eth per withdraw


 Trade what you see, not what you expect 
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4 hours ago, rosywyt said:

Just awhile ago I thought Ethereum is lowest charge fee I could get, but I found out that using Xrp is much more lower than Eth. 

Yes it pays to investigate the withdrawal fee's on various wallets on Yobit. Waves and LSK is also a cheap option. I remember when I first started trading it took me nearly a year to discover that some coins are very cheap to withdraw lol

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6 hours ago, Xolokost said:

Yes, the commission is very large, but not all coins have a large commission, I transfer everything to LTC and withdraw, there the commission is very small

The right steps you take.
What is the withdrawal fee for LTC? Because I usually make withdrawals from XRP and Dogge. XRP = 0.5 XRP and Doge = 500 Doge, of course it's cheap in my opinion.

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Yes, if withdrawing BTC is at least very high, at least I think 0.00120 satoshis to withdraw your BTC from Yobit is extremely high .. so I opt for other currencies when I withdraw, like XRP, or LTC rates are much nicer compared to BTC.

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On 10/27/2019 at 3:27 AM, bitnoval said:

Yobit withdraw fees are not high they are the best rate that miners take, this make yobit withdraw to be fast in processing if fees were low miners might reject them leaving your coins struck in some mempool or something else, we should be thankful for those fees.

I would see how long does it take for my withdrawal as I am going to do in a day or two. I am tired from here newbies as most of the time is consuming on the forums.

Yobit had only BTC withdrawal fee high, but LTC had very low fee.

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On 10/10/2019 at 7:25 PM, 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?

Bitcoin price is rising and you are making profit of it.You can hold them in your account or can do traiding and make profit with it.Then widraw it.So the fee will be not  issue for you.earn and pay with it.

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Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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