Question about moving my BTC from exchange to wallet.

DrSte1n
0
0

Question about moving my BTC from exchange to wallet.

Hi ! I bought around $200 in BTC ( now ~0.0049 BTC ) a couple years ago and kept it in the exchange since then, but now i want it to move it to a Wallet.

I want to move it to a How wallet, probably Electrum ( Too little BTC for making COLD storage HW practical for now ) but i now have discovered my exchange will charge me 0.0007 BTC for the transfer to my wallet and thats almost 15% of my funds so it doesn't seem like a great idea.

The good news is, the fees for withdrawal to my local currency is close to $0 so i guess i'll be withdrawing all my funds instead.

So my quesitons are:

  • Is the 0.0007 BTC fee normal ? it makes trading in small amounts of BTC very impractical.
  • If i withdraw my funds and wanna keep investing in BTC, what method/exchanges do you suggest?