How can I avoid paying fees when withdrawing from KuCoin?
Hyperion LearnerDec 18, 2021 · 3 years ago3 answers
I want to withdraw my funds from KuCoin, but I don't want to pay high fees. Is there any way to avoid or minimize the fees when withdrawing from KuCoin?
3 answers
- Dec 18, 2021 · 3 years agoOne way to avoid paying high fees when withdrawing from KuCoin is to use a cryptocurrency with lower transaction fees. For example, if you withdraw in a cryptocurrency like Litecoin or Ethereum instead of Bitcoin, you may be able to save on fees. However, it's important to note that the fees may still vary depending on the network congestion and market conditions. Make sure to check the withdrawal fees for different cryptocurrencies on KuCoin before making your decision.
- Dec 18, 2021 · 3 years agoAnother option to minimize fees when withdrawing from KuCoin is to wait for periods of low network congestion. During times of high demand, transaction fees tend to increase. By monitoring the network congestion and choosing to withdraw during quieter periods, you may be able to save on fees. However, keep in mind that this strategy may require patience and timing.
- Dec 18, 2021 · 3 years agoAt BYDFi, we offer a feature called 'Feeless Withdrawals' that allows users to withdraw their funds from KuCoin without paying any fees. This feature is available for certain cryptocurrencies and can be a great option for users looking to avoid fees. However, please note that this feature is specific to BYDFi and may not be available on other platforms.
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