Did you know BTC withdrawal fees on Exchanges go from FREE to $64???

Well, have I ever??

Everything in life becomes more expensive....that´s what the old folks say.

Not BTC Withdrawal fees. At least that is what I found out today.

Last year I transferred $300 dollars to my Coinomi Wallet from the Bitvavo Exchange.

BTW these guys are great if you´re in Europe and especially if you have a Dutch Bankaccount you can pay with IDEAL and they have amazing customer service. But back to BTC, last year I paid a 0.0003BTC withdrawal fee, while BTC was about the same price as it´s now. It was like 37K.

Now, I did the same this year and my Withdrawal Fee was reduced by 33% to 0.0002 BTC. It dropped from $13 to $8.78.

Originally I wanted to use the Kucoin exchange, as that was where I bought the BTC during the dip. So why did I not use my Kucoin exchange ?

Well, I guess you guessed it already because I found out that Kucoin is asking 0.0005BTC ($22). Kucoin is very interesting for lots of reasons, but their BTC withdrawal fee is not one of them.

Now I just saved myself $14. What I did next to still get the BTC from Kucoin to Bitvavo was to swap my BTC for BCH on Kucoin. Pay less than 25 cents in fees for the swap, send the BCH to Bitvavo pay 50 cents to sell it. And use the 12 dollars I did not spend on fees on buying GLMR or EGLD on Kucoin. I am not sure yet which to buy (you can leave your suggestions in the comments).

But what I wanted to point out is to carefully check the withdrawal fees of your exchanges, below link is a nice place to do so:

https://withdrawalfees.com/coins/bitcoin

Because the differences are huge!

From no fee at FixedFloat to over $60 at Coinone

Hope this helps you save a couple of dollars.

Have a great rest of your day, hit the like button on your way out, and if you´re looking to make a couple of dollars in easy crypto bonuses find some suggestions I tried myself below:

Earn Free/easy crypto bonusses

1. Free 5 Dollar + $5 for every referral No KYC

Just sharing this little gem in case you are interested Join here https://register.legionnetwork.io/gYsqODqhv108 download the app to get started! 

The $5 will be redeemable March 1st. Make sure you invite all your friends before that date! There seems to be no value yet but the ICO price of this airdrop is $0.075000 per LGX. 

Legion Network is going to be the next hot Blockchain Mobile App, where you can play to earn, watch to earn and buy and sell NFTs.

2. $25 dollars Bonus if you store 15 dollars in the ABRA wallet for one month

Use a friend link to earn $25 (or more like me) instead of $15. This is the refer a friend link https://www.abra.com/ref/?deep_link_sub1=RCMPGGBFG and this is the referral code RCMPGGBFG if you need it

Now send $18 dollars or more in crypto to the wallet and make sure it does not drop below $15 for a month and at the end of the month, $25+ dollars appear magically in your ABRA wallet no strings attached. You can read the whole story here:

Abra (Cadabra) here you have $25 Magic Internet Money for Free

3. If you like these types of free crypto maybe you should try Cake DeFi.

Cake DeFi.  Here you have to invest $50 dollar and you get 30 dollars for free. You can withdraw your 50 dollars at any time or use them for Liquidity Mining, Staking, or lending to earn more DFI rewards. The 30 dollars is locked for 6 months but earning you interest of the 6 months. https://app.cakedefi.com/?ref=197670 

$30 CAKE DeFi for free and your $25 deposit back? Here´s How!

Post Scriptum (Yes, that is what PS stands for 😁)

Platforms where I Earn Crypto for my Content (Affiliate Links):

Torum - https://www.torum.com/signup?referral_code=bitcoinbaby

NoiseCash - https://noise.cash/u/BitcoinBaby

ReadCash - https://read.cash/r/BitcoinBaby

Hive - https://hiveonboard.com/?ref=whywhy

Peaked - https://peakd.com/register?ref=whywhy 

Publish0x - https://www.publish0x.com?a=l9avg4xnbG

Exchanges where I trade Crypto (Affiliate Links):

BitVavo Exchange- European. Higher trading fees (0.25 %) & Great Customer Service - https://bitvavo.com/?a=C21A94C2FD

Kucoin Exchange - Hong Kong. Okay, trading fees (0.1 %) & Contains a lot of low cap gems. Customer Service takes time - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite

Bitmart - Global (USA allowed) Low, trading fees if you use BMX (0.025 %) & Contains a wide variety of coins - https://www.bitmart.com/en?r=7XFCVy

Disclaimer

I do not have any connection with any company I am writing about. I am not being paid to write this article.

If you like my content, please hit like and subscribe. Because more Bitcoin baby Mistakes are coming......

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