Wallet to Binance or Coinbase?

kakao said:
According to https://www.binance.com/en/fee/depositFee

Minimum withdrawal: 0.0000092
Withdrawalfee: 0.0000046

It is almost the half! Do i really pay 50% fee to get my coins from binance to my exodus wallet?

Can this be true?

https://prnt.sc/10gh067
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Here's my understanding of the fee.
Fee is the same regardless of the amount withdrawn/deposited, just like a wire transfer at a bank.
Current price of BTC is $52,000 x .0000046 = $0.24

***I did the calculation with another coin I own and it was $0.25 (Some coins are more)
***Binance has MUCH lower trading fees than Coinbase so transfer fees probably higher also there.
 
Sure, like all the other exchanges that stole, diverted funds? Or those that were hacked? Give us a break. You don't even know what you are talking about.

Trader Curt said:
I


They reimburse any hacked funds. You're good, they have money out the ass
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Check out Bitfinex, they allow Lightning Network deposits and withdrawls and those use tiny fees.

Lighting network is really starting to grow some legs. It will be interesting to see where it will be in a couple of years. My take, absolutely massive and Jack Mallers is going to play a major role in that.

Check out what he's up to - working on ideas to send fiat money to anyone in the world, for free, instantly, and with tiny FX change up charges. What's crazy about it, is the people involved (you sending, me receiving) don't even know they're using Bitcoin, to them it's just a standard fiat transfer (USD sent from the US to Euros received in say Italy, or vice-versa). This is why many are saying to the Bitcoin bears, there's little you can do because you'll be soon buying into Bitcoin and using it without realising it.

In effect, there's NO escape from the Bitcoin black hole because EVERYONE is in the event horizon even if they don't want to be...
 
DiceAreCast said:
Sure, like all the other exchanges that stole, diverted funds? Or those that were hacked? Give us a break. You don't even know what you are talking about.
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Don't talk to me about it, look it up, it's on Google. You know how to use that right? I know you're probably pretending to be this stupid...
 
kakao said:
I heard about it before but it was only small percentage of users effected and they got their money back. Correct me if i am wrong.

I just opened binance account today and there are ton of security methods there. I activated sms verification, google authenticator and "send coins only to whitelisted wallets" etc... Seems secure.
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Nice to hear, I think Binance is secure, after hacked probably they improve security issues.
 
BKR88 said:
Here's my understanding of the fee.
Fee is the same regardless of the amount withdrawn/deposited, just like a wire transfer at a bank.
Current price of BTC is $52,000 x .0000046 = $0.24

***I did the calculation with another coin I own and it was $0.25 (Some coins are more)
***Binance has MUCH lower trading fees than Coinbase so transfer fees probably higher also there.
More...
Its important map out an efficient process for each thing you are trying to to.

In the end, even though Coinbase is sketchy and sucks, you need Coinbase, Coinbase Pro and Binance (.US here) or an equivalent.

Binance.US for instance... great for trading and liquidating. Not so great for crypto withdrawals. I use a different process for exchanging ETH mining payouts to BTC because of that. Its really, at this point, all about the on/off ramps.

At first I thought to accumulate BNB but its such a dog that I only keep a few dollars worth, enough to cover trading fees and get the 25% discount for paying in BNB.
 
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