Transfer Fees on Kraken

bitcoin
withdrawing

#1

Did Kraken recently change their withdrawal fees, or have I just been blind for the last few months?
I was just about to withdraw my monthly DCA from Kraken, and realized just how high the fee was, 0.005 BTC. In the past I used to switch to LTC or ETH before transferring to avoid the massive BTC withdrawal fees, but I’m pretty sure I stopped when I started DCA (hopefully because the fee wasn’t that high at the time).
At the moment the withdrawal fee is about $32, and if the withdrawal fee has been the same since I started I’ve lost around $180 just withdrawing BTC to my paper wallet. :exploding_head: :scream:
It might not be much to some, but that’s 1/4 of what I’ve been able to invest during this time.
Guess it’s back to sending LTC to Changelly or something.


#2

Fees for withdrawing BTC at Kraken should be 0.0005 not 0.005 BTC. Check it again.


#3

You’re absolutely correct, I guess I was tired this morning and only looked on the minimum withdrawal, which was 0.005, and thought that was the fee for withdrawal. Thanks for the clarification.


#4

I know this to be true. You beat me to it!


#5

This was my exact experience the first time I used Kraken lol

Had to check back a few times to confirm that it was 3x 0’s after the point and not 2 :bitcoinwings: