YoBit's Withdraw fee is high.

[mo.mirzaeipour 227]

40 minutes ago, arafatahmed said:

Yobit Bitcoin fee is very high but i think its not a big problem you can use another currency for withdraw. You can convert Bitcoin to any other currency and withdraw it 

yobit direct withdraw in just for people with high amount of BTC and they want to send them directly to their other wallets but for many users they must convert that to other coins first.

[yifnt 666]

On 10/20/2019 at 1:58 AM, bichou1584 said:

You can easily withdraw in another currency.  Sell Bitcoin balance.  I choose a low cost drag currency and I always drag non-bitcoin currencies to withdraw like dog ltc xrp

For me making withdrawals using Doge in Yobit also feels expensive, the fee for withdrawal using Dogecoin is 500 Doge. I just checked that the cheapest withdrawal fee is to use TRX

[mo.mirzaeipour 227]

48 minutes ago, yifnt said:

For me making withdrawals using Doge in Yobit also feels expensive, the fee for withdrawal using Dogecoin is 500 Doge. I just checked that the cheapest withdrawal fee is to use TRX

one time i sent doge coin from yoibit to site and did not realize the 500 doge fee ! it's was kinda surprising for me. i thinks it's very high fee for most yobit members.

[yifnt 666]

16 minutes ago, mo.mirzaeipour said:

one time i sent doge coin from yoibit to site and did not realize the 500 doge fee ! it's was kinda surprising for me. i thinks it's very high fee for most yobit members.

Maybe you are in too much of a hurry so you don't know the fee for withdrawal Doge 😅, 500 Doge is indeed very expensive compared to all exchanges. Other exchanges don't seem to exceed 100 Doge

[Jimmy 437]

1 hour ago, yifnt said:

For me making withdrawals using Doge in Yobit also feels expensive, the fee for withdrawal using Dogecoin is 500 Doge. I just checked that the cheapest withdrawal fee is to use TRX

I just checked Doge Withdraw too and it's really high than other altcoins, Maybe using another Altcoin Like TRX like you said or ETC and Dash was the best and the lowest fee so far, Thanks for this information.

[mo.mirzaeipour 227]

On 10/10/2019 at 5:55 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?

your post sjows you're new to trading business you can easily convert your earned BTC to another coins like LTC that have lower withdraw fees. then withdraw your LTC.

[nasipadang 399]

On 10/10/2019 at 9:25 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?

If you feel the fee is too much, you can change it to ETH or another coin, where the coin can reduce transaction fees. In general, exchangers can charge a fee between 0.0005-0.002 btc depending on the coin funds you wish to withdraw

 

My view is normal and common, but for small withdrawals it will be very burdensome, so I advise you to change coins. unique on yobit you can withdraw 1 BTC or more but the fea remains is 0.0012.

[Sahbana 212]

Instead you immediately withdraw Bitcoin, you better exchange first with eth. Because Eth withdrawals are much cheaper than btc.

[on1k3n 470]

On ‎10‎/‎10‎/‎2019 at 7:25 AM, 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 saw that, and I think that is too much money. I understand that they don't want you to withdraw your money, but something has to give. People would use the site more if the fees are lowered.

 

I've seen them making money with dice games, and the investment box, so they should cut us a break on the withdraw fee. Maybe if you invest a certain percentage of crypto, then you can get some kind of discount on the withdraw fee. 

[SyntaxEr. 709]

Yeah some of the coins on yobit have a high fees but if you know the tricks you can save some of your funds. If you want to withdraw your funds convert it altcoins like trx and ripple this two coins have a low fee on withdrawal.

[josephrioveros123 698]

On 10/10/2019 at 10:25 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?

My view is it is alright is not made for us cryptotalk forum users only. It is made specially for those who have a lot of coins and will trade big time and will cash out big time. So that amount is nothing for that people who has a lot of coin. But for some one who has only small amount of coins like us. We can convert our coins on other currency. so that it will have lower value of payment. For example what I did last time I cash out I converted it to XRP. The fee is only 0.5 XRP it is quite lower in value than of bit coin.

[giash crypto 258]

i totally agree with you. yobit should reduce withdraw fees. 500 doge is too much high. i hope they will take steps soon.

[AakZaki 14]

On 10/10/2019 at 9:25 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?

we as users who use the service then it will be legal, I realize that yobit has a high withdrawal fee but that is not a problem as long as we can withdraw using coins that have lower withdrawal fees such as Doge, TRX, XLM and others.

[Mathers 295]

14 hours ago, giash crypto said:

i totally agree with you. yobit should reduce withdraw fees. 500 doge is too much high. i hope they will take steps soon.

That is not likely to happen anytime soon, because the team will probably not review the fees soon, but you can still opt for other low alts.

[Pelanavreo 22]

15 hours ago, giash crypto said:

i totally agree with you. yobit should reduce withdraw fees. 500 doge is too much high. i hope they will take steps soon.

Is that true, it's been a long time since I traded on a YOBIT exchange, usually I use coins other than BTC to get lower withdrawal fees, I need to check the cost of each coin to make a lower withdrawal if iin to trade there

[dhemasm 219]

So far i just found some altcoin and use it for alternative withdraw like Ethereum, Dash and LTC (Around 2k satoshi or 0.002 LTC/Withdraw) i think was the lowest fee for now, Did you guys have any alternative recommendations beside some altcoin that i mentioned before?

[Te5226 51]

Yes, but I use to convert bitcoin to LTC first and then I withdraw with the minimum fee of just 0.12$. Isn't that great?     

[Scottsummers 347]

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?

The fee has been that for a long time. There is no link whatsoever between the pay by post daily earning or the withdrawal fee. The fee may seem high. But not if you send 100 btc. As for daily earnings save them, trade them, make fmmore from them. But don't complain about the fees being high because you can't just extract the free money they gave you money straight away. Its pretty cheeky. 

[xprince1996 865]

On 10/10/2019 at 10:25 PM, CryptoZombie said:

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

What are your views on this?

The withdrawal fee on bitcoin, eth, and some major coins are really high but if you convert it to altcoins like xrp and Tron you will save a lot.

[rakib7970 217]

Only Btc withdraw fee is high. If you see ether or litecoin their withdraw fee is low. In Binance NPXS withdraw fee is 1500 NPXS on the other hand in yobit it is 500 NPXS. So I couldn't appreciate with your statement. You should convert your btc into other coins and withdraw them.

[Akbor 1042]

Yes the fee is high but you have another way to withdraw. you can buy ltc in yobit and then you can withdraw ltc from yobit exchange. the withdraw fee of ltc is very low in yobit.

[SyntaxEr. 709]

7 hours ago, medima said:

I generaly chаngе ovеr my BTС tо ETH and ship to blосkсhаin poсkets at thаt fаctоr I makе a Swap ETH

Nope, it is better if you convert your bitcoin to altcoins like ripple and Tron to save more from withdrawal fees.

[ajizz 195]

Withdrawal fees on high exchange yobit? I think it's wrong if you know correctly man, yobit exchange fees are very cheap if you use XRP, TRX and LTC so withdrawal fees are not a problem for me on this yobit exchange ..

[Cryptominded 704]

On 11/15/2019 at 1:01 AM, Mathers said:

That is not likely to happen anytime soon, because the team will probably not review the fees soon, but you can still opt for other low alts.

The cryptocurrency exchange industry is a very competitive one and with more exchanges spring up like mushroom, each exchange shall be needing to update and be more innovative to remain relevant or be overtaken and relegated to the background.

[maricans 401]

On 10/10/2019 at 10:25 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?

Yes indeed, hoping that it will be lowered sooner or later. This thing can be a great help to all members here in the forum. Since 0.0012btc is same as earning of 4 days work here in the forum.