With the likes of major crypto exchanges like Binance, bitfinex and more have reduced their bitcoin withdrawal fees by 50%.
Although some of the exchanges are still higher in fees, the move to cut down the fees by 50% largely took place because of the stable Bitcoin Blockchain...
Here are some of the exchanges that reduced the fees:
- Binance.
- As you can see, Binance reduced their fees from 0.001 BTC to 0.0005 BTC. About $5.5 USD per btc withdrawal.
- Bitfinex.
- Although Bitfinex claims to have reduced only 25% in fees, it still is 0.0001 BTC more than Binance.
- Kraken.
- Kraken follows the steps of Binance.
- Bithumb.
- You can see that the Withdrawal fees of Bitcoin was reduced from 0.002 to 0.001 BTC. This is still much more than it’s competitors like Binance. What we could expect is that the fees in Bithumb could be reduced to match it’s compet.
Bittrex stays silent.
- Bittrex hasn’t made any announcement relating to the fees change, but they could make an announcement in the near future.
Be aware of scammers in twitter.
- You can see that they are imitating the original account and telling them to send certain amount of Eth etc to their account in a giveaway. That is all scam and one should be aware that it’s not the original account and you could be scammed if you ignored the account username.