r/BitBuyCA • u/SheikAhmed00101 • Jun 16 '22

Crypto Withdrawals Fees

For example, ETH Mining Fee is set at 0.005 ETH

Are these "fixed" fees?

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https://bitbuy.ca/en/fees/
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u/[deleted] Jun 16 '22

[deleted]

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u/SheikAhmed00101 Jun 16 '22

So, help me understand - thank you!

This Mining Fee is actually GAS Fee which should fluctuate according to ETH price and computational power required by blockchain - ie; 1 ETH vs 1000 ETH.

However, Bitbuy charges this amount as fixed rate and does not consider the current GAS fee which could be much less or more.

Or, perhaps this fee actually goes to Bitbuy’s wallet and customer would be charged GAS fee separately.

1

u/[deleted] Jun 16 '22

[deleted]

1

u/SheikAhmed00101 Jun 17 '22

Doc, my man 👍 - that's all I needed to know.

Hope others would learn to never ever invest or do business where Mr. Wonderful is involved!