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RE: The Moment You Send Money To Exchange - They are Not Yours + Some Good Practices (20 000 Followers Special)
Hidden Fees that prevent users from withdrawing small amounts of coin are also a common scam among popular exchanges.
Transferring your coins to a wallet on your own device is my best advice. TOS change too quickly and without notice.
very true! they do not want you to withdrawal so they put high fees often
Or having silly minimum withdraw amounts like 250 usd minimum for bitfinex.
I got caught out with that scam, they don't tell you until you go to withdraw them. Very sneaky.
I have about $30 in Binance crypto dust because in he early days I was moving currency around between a lot of altcoins. One option on Binance - for the coins that they have pairs for - is to use BNB (Binance coin) because you will only pay 50% of the standard fee. Unfortunately, the dust issue hasn't yet been solved - but on the Binance subreddit, the official crew has stated they are working on a solution, though the ETA is vague.
Robinhood - the zero fee market - will help solve this, but for the meantime, be mindful - especially those of you just getting started with trading on Binance and similar fee-based exchanges.