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.'
Crypto.com, a popular Hong Kong-based cryptocurrency exchange, has extended its investment arm's fund size to $500 million (roughly Rs. 3,722 crore) as it looks to more back more early-stage startups,...
The number of ‘illiquid’ wallets holding onto bitcoin long term has been climbing since July, offering investors hope that December decline was a blip The Fear & Greed index from crypto data platform ...