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KuCoin Token
$20.26 -2.72%
KCS · 3d

Just a simple question: Why is withdrawing ETH 2x more expensive than current ETH network fees?

[]( As the moment of writing, gas = 120 gwei Eth transfer = $8.5 Kucoin charges: 0.006 ETH = $20 WHY? WHY? When you submit your withdrawal and check etherscan once withdrawals are done, you can even see how much Kucoin paid for the transaction. It's usually in the $9-$10 range, consistently. Why is there a 2x difference? Also, how come when network is slow and fees are back in the 30 gwei range, Kuicoin NEVER reduces withdrawal cost to reflect the market, yet when the fees are going a bit close to 150 gwei, kucoin immediately charges 0.006 ETH instead of 0.005. WHY? I just nee a simple answer. A simple straight answer. Please no corporate mumbojumbo that somehow you're 'aware of this and will look into it and will forward this to the relevant teams.'
Go to self.kucoin
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