Recently, one of my friends ask me about withdrawal fees for cryptocurrencies. He is doing mining and have not withdraw any cryptocurrency yet. I have tried Luno in my country - Malaysia, to exchange BTC and ETH to fiat currency. This article is not limited to exchange crpytocurrency to fiat currency, I will also share how I transfer cryptocurrencies among exchanges.

Take note that I will not cover all the cryptocurrencies and exchanges, I only show the cryptocurrencies that I owned and the exchanges that I used to trade. It would be grateful that you guys can share with me how you guys did it. First and foremost, I will share the withdrawal fees for each exchanges that I used. The withdrawal fees will change from time to time. Therefore, this article is not advisable to refer to in future.

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Bittrex

Cryptocurrency	Symbol	Price (USD)	Withdrawal Fee	USD
Bitcoin	BTC	12,716.80	0.001	12.72
Bitcoin Cash	BCH	1,493.17	0.001	1.49
Bitcoin Gold	BTG	297.49	0.001	0.30
Litecoin	LTC	104.21	0.01	1.04
Ethereum	ETH	451.92	0.002	0.90
Ripple	XRP	0.24	5	1.20
Dash	DASH	746.77	0.002	1.49
NEO	NEO	37.59	0.025	0.94
Monero	XMR	287.00	0.04	11.48
OmiseGo	OMG	9.40	0.1	0.94
Zcash	ZEC	352.85	0.005	1.76
Waves	WAVES	7.07	0.001	0.007
Dogecoin	DOGE	0.0025	2	0.005

Bitfinex

Cryptocurrency	Symbol	Price (USD)	Withdrawal Fee	USD
Bitcoin	BTC	12,716.80	0.0005	6.36
Bitcoin Cash	BCH	1,493.17	0.0001	0.15
Bitcoin Gold	BTG	297.49	0	0
Litecoin	LTC	104.21	0.001	0.10
Ethereum	ETH	451.92	0.01	4.52
Ripple	XRP	0.24	0.02	0.0048
Dash	DASH	746.77	0.01	7.47
NEO	NEO	37.59	0	0
IOTA	MIOTA	5.55	0	0
Monero	XMR	287.00	0.04	11.48
OmiseGo	OMG	9.40	0.1	0.94
Zcash	ZEC	352.85	0.001	0.35

HitBTC

Cryptocurrency	Symbol	Price (USD)	Withdrawal Fee	USD
Bitcoin	BTC	12,716.80	0.0004	5.09
Bitcoin Cash	BCH	1,493.17	0.0018	2.69
Bitcoin Gold	BTG	297.49	0.0005	0.15
Litecoin	LTC	104.21	0.003	0.31
Ethereum	ETH	451.92	0.00958	4.33
Ripple	XRP	0.24	0.509	0.12
Dash	DASH	746.77	0.03	22.40
NEO	NEO	37.59	0	0
Monero	XMR	287.00	0.09	25.83
OmiseGo	OMG	9.40	0.73	6.86
Zcash	ZEC	352.85	0.0001	0.04
Dogecoin	DOGE	0.0025	2	0.005

Coss

Cryptocurrency	Symbol	Price (USD)	Withdrawal Fee	USD
Bitcoin	BTC	12,716.80	0.001	12.72
Bitcoin Cash	BCH	1,493.17	0.0025	3.73
Litecoin	LTC	104.21	0.01	1.04
Ethereum	ETH	451.92	0.01	4.52
Dash	DASH	746.77	0.005	3.73
OmiseGo	OMG	9.40	0.1	0.94
Waves	WAVES	7.07	0.01	0.07

Livecoin

Cryptocurrency	Symbol	Price (USD)	Withdrawal Fee	USD
Bitcoin	BTC	12,716.80	0.001	12.72
Bitcoin Cash	BCH	1,493.17	0.001	1.49
Litecoin	LTC	104.21	0.002	0.21
Ethereum	ETH	451.92	0.01	4.52
Dash	DASH	746.77	0.002	1.49
NEO	NEO	37.59	0	0
Monero	XMR	287.00	0.03	8.61
OmiseGo	OMG	9.40	0.17	1.598
Waves	WAVES	7.07	0.01	0.07
Dogecoin	DOGE	0.0025	2	0.005

Summary

To this end, I can do a summary on what token to use for transferring among exchanges based on the above withdrawal fees:

• Bittrex

To Bitfinex: Bitcoin Gold (0.30 USD)
To HitBTC: Dogecoin (0.005 USD)
To Coss: Waves (0.007 USD)
To Livecoin: Dogecoin (0.005 USD)

• Bitfinex

To Bittrex: NEO (0 USD)
To HitBTC: NEO (0 USD)
To Coss: Litecoin (0.10 USD)
To Livecoin: NEO (0 USD)

• HitBTC

To Bittrex: NEO (0 USD)
To Bitfinex: NEO (0 USD)
To Coss: Litecoin (0.31 USD)
To Livecoin: NEO (0 USD)

• Coss

To Bittrex: Waves (0.07 USD)
To Bitfinex: OmiseGo (0.94 USD)
To HitBTC: OmiseGo (0.94 USD)
To Livecoin: Waves (0.07 USD)

• Livecoin

To Bittrex: NEO (0 USD)
To Bitfinex: NEO (0 USD)
To HitBTC: NEO (0 USD)
To Coss: Waves (0.07 USD)

Conclusion

Sometimes, I will use two or more exchanges to transfer my tokens. As in Malaysia, I would prefer to use Bittrex to transfer ETH to Luno in order to change to fiat currency because the withdrawal fee is the lowest. Rule of thumb, always check which market that you can buy your preferred token with Coinmarketcap before you start investing in it in order to eliminate unnecessary fees. I would like to hear from you guys on how you guys manage your cryptocurrencies.

P.S: The value of the cryptocurrencies may differ among exchanges