facebookWhy is the network fees for transferring alt coins such as Aave and Chainlink out from Coinhako so so high, 0.8 and 1.5 for chainlink? - Seedly

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Anonymous

21 May 2021

Cryptocurrency

Why is the network fees for transferring alt coins such as Aave and Chainlink out from Coinhako so so high, 0.8 and 1.5 for chainlink?

I am currently holding $1000 each for both Aave and Chainlink. The network fees to transfer both Aave and Chainlink out of Coinhako is roughly $612 SGD and $96 SGD respectively. I do feel like holding in long term and leaving it in Coinhako seems like a waste of time.

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Feel free to use my referral code: 233063_95003828

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Follow these steps:

Click on this link and it will take you to the Coinhako sign-up page with the referral code auto-filled up.

https://www.coinhako.com/affiliations/sign_up/2...

Finish the sign-up process and then once you are inside coinhako account verification page, look for the Promotions tab (see image below) and then key in the promo code COINGECKO to lower your commission from 1.0% to 0.8%.

Also, Coinhako will give you reward points for every order you make and also for daily logins. These reward points can then be exchanged for a commission discount voucher (see image below).

Redeem 250 points = 25% discount voucher or Redeem 200 points = 20% discounter voucher!

Use this discount voucher next time you place an order to reduce the commission even further from 0.8% to 0.6% which is the same as binance.sg. Awesome!

Chris

12 May 2021

Owner and Writer at Tortoisemoney.com

I'm gonna be blunt, but Coinhako isn't the best exchange hahah. They don't even list their transfer fees publicly on their site unlike other exchanges (e.g., Binance, BinanceSG, Gemini etc.)​​​

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