The withdrawal strategy for expensive BTC transactions.

[ShiNorton 906]

I'm a small trader & I can't afford high fee for a Bitcoin transaction. I convert BTC into dash or LTC to reduce transaction fees. Sometime I also convert btc into xrp. 

[gbfisher 1815]

Yeah btc withdrawal fee is high in every exchanger because its very expensive and demanded coin in cryptography. So maintain our profit through btc i always used trx, xrp or ltc. Convert btc to those coins and then withdrawal in my wallet. Because those coins have lowest fee everywhere and also transactions are done fastly.

[Dorjoy12 8962]

I use the same strategy for safe my earnings...  As i am a yobit user so for me its impossible to withdrawal btc as yobit take 12 usd plus for btc transaction..  That is why whenever i going to withdrawal my earnings then i convert my btc to ltc while withdrawal ltc as the ltc withdrawal fee from yobit only 7-9 cent...   This calculation for small trader but for big trader its nothing to pay 12 usd btc as different site take 20 usd btc to do a small transaction..                        

[ayatoslaw 858]

1 hour ago, Dorjoy12 said:

This calculation for small trader but for big trader its nothing to pay 12 usd btc as different site take 20 usd btc to do a small transaction..                        

Traders who have large capital above 100 BTC will not convert their assets to Altcoin, they prefer to withdraw their funds using BTC even though the transaction fee is above 20 USD,
they already calculate the withdrawal fee with the profit they get, that's why withdrawal fees are never a problem for them.

[Whited35 15285]

21 minutes ago, ayatoslaw said:

Traders who have large capital above 100 BTC will not convert their assets to Altcoin, they prefer to withdraw their funds using BTC even though the transaction fee is above 20 USD,
they already calculate the withdrawal fee with the profit they get, that's why withdrawal fees are never a problem for them.

Brother @ayatoslaw , it does matter especially if we are about to perform arbitrage. I really do not care about fee if my trading volume is above 0.13BTC but sometime, if I have a small amount of crypto, my goal has to convert BTC to LTC,DASH, OR Wave. On some exchange platforms, conversion of BTC against mentioned coins costs even more than original BTC withdraw charge due to higher trading fee. I think most of newcomers do not care about that. 

[Onden 2098]

Indeed, bitcoin transaction fees are quite high, for that we must have a strategy so that transaction fees can be cheaper, I converted bitcoin to LTC and the results were pretty good. Compared to other coins like XRP, Litecoin is cheaper under $ 0.005.

[Edwinvicky 819]

Withdrawal of btc this days is something else, imagine you have $50 to withdraw in btc, then after fee, you have like $25 left, lol... In this present btc rate, exchange should do something about the high fee of withdrawal of btc. The best option for small btc withdrawal is to convert to other altcoin and withdraw.

[sametbskya 92]

For this, I first convert my money to XRP coin, after the money transfer, I buy bitcoin again from the exchange where I made the transfer. Thus, I greatly reduce my transaction fee. bitcoin transfer fees are really high. Whether you have a little or a lot of money, you pay the same fee, which is the absurd part of the job. It doesn't matter for those who have too much money, but it is important to us.

[Mahmod aljarah 1383]

No, I don’t think. This .. Bitcoin is the one with the highest value and maintaining it will be profit
But if you invest in buying some small currencies, like the one I mentioned, you may incur a loss
Bitcoin drops every day, and the next day it returns to its high price.

[Maya20 1048]

Of course, there will be high fees, you can convert to currencies with less fees, and by this your transaction fees will be greatly reduced. Think carefully before choosing the currency.

[Joseph J 608]

One of the best ways to reduce the high fees of the transaction with BTC is to change to another altcoin or for example change to Litecoin LTC since its fees are lower so you save on transactions and keep almost 90% of the amount transferred to other wallets or exchanges.

[Ramz99737 1196]

I think anyone who withdraws bitcoin from yobit makes a conversion to another currency, me too. Other currencies are very cheap, much cheaper than bitcoin.

[DreamStage 2105]

When using Yobit i have been trading Bitcoin with Ripple (XRP) so that fees turn out from 120000 to very low ripple fee price.

 

Nontheless using other exchanges might actualy be expensive as for instance Coinbase you get to pay 1% or even more on specific currencies and countries.

 

Also the more fee you pay the faster the transaction can be sometimes and for some specific currencies.

[Tahabaloch 12]

Plz tell me any cheap or free way for withdrawal of BTC

[Nenomao 175]

If we want to withdraw bitcoin .it's withdraw fees is very high so for withdraw to bitcoin first of all we change it to another currencies as lite coin and more like this. We convert into that currency whose withdraw fees is low. Then we withdraw it. Due to this we can save our money on many limit. And we get many profit in the place of its withdrawal is directed. 

[Thechamp 287]

Yes, there is an good way to pay low fees. If you have btc coins.in your wallet then you will have to convert into litecoin or usd dollars. These are the two best ways that you will have to pay less exchange fee.

[Arslanch 489]

Yes I am hundred percent agree.if we have BTC coins then we should conver first into the litecoins or to the usd dollars. By using this way we pay less fees of exchange.

I personally don't like the withdraw money from yobit it much expensive. Binance exchange is better than yobit.

[sinseoul 0]

My work around with this high transaction fee of Bitcoin is with the use of Ripples. How much I'm earning in Bitcoin, I'm exchanging it to Ripples and Ripples is the one that I'm transferring. I use Ripples because the wallet that I'm using supports Ripples.

[Rozy 1918]

You are doing it the right way my friend, it is true that Bitcoin withdrawal costs a high fee and it is better to transform it into Litecoin and withdraw it with minimum fees. You are saving yourself a great deal and I hope one day the fees in general become less, especially with the increasing numbers of Crypto coin traders.

[cryptoman22 1026]

I personally have lost a lot of money in my first beginnings that in this world of cryptocurrencies because of the high commissions that some exchanges charged in bitcoin now I prefer to use cryptocurrencies that charge low commissions such as xlm, ltc
A big greeting to the whole community

[Mr.Rayan 2]

My friend, you can manipulate a little bit on the withdrawal of the currency. You can change to another currency. For example, I am transferring btc to ltc or to eth. This is how I withdraw my balance from the yobit platform.

[Syedbesharat 5423]

On 3/13/2020 at 3:04 AM, Trader21 said:

Hi everyone, do you have any idea how to withdraw the BTC without paying the high fees? Bitstamp exchanges has offered a free crypto withdrawal for BTC, ETH and LTC. But now the situation has changed a lot, the crypto exchanges require $5 worth BTC per withdrawal. I convert BTC to LTC and swap LTC to BTC for avoiding the high withdrawal fee. What about you?

P.S: You can check the withdrawal fees here: https://withdrawalfees.com/coins/bitcoin

You have to check TRX ,XRP, wavE or more available coins which one have low fee because their is always a difference in fee for every coin. Look into other coins when you for withdraw. Many people find simply ltc fee low but they don't check other coins. I find sometimes usdt low few at some exchange because after withdraw I have to again change coin into usdt. I avoided through this double conversion fee from exchange. 

[Afreen603 307]

Yobit exchange is the trick to withdraw BTC in the lowest rate. On the most of the exchange sites, there should be the stablecoins to minimize the trading fee., I Also see in every exchange or withdrawal fee's of Bitcoin is high as compared to another coins.

[Goyaa 2414]

BTC withdrawal fees are quite high, when compared to other altcoins. Maybe because BTC has a high price, the withdrawal fees are also high. For large bitcoin investors, it might be fine because they think the fees are quite cheap, but for small traders the fees are huge. So we as small traders will convert it to LTC first to withdraw it.

[Abrar1122 10]

Hi this is a good strategy my friend I am grateful that you are have shared this with us can you please share the places where you exchange these cryptocurrencies.