As we all know the current network fees on BTC and ETH are super low compared to last year – perfect conditions to withdraw your coins. But now I was curious: How well do the most known exchanges hold up to this? How hard to they overcharge?

Current network fees:

• BTC: 1 sat/vB ; 0.02 $

• ETH: 15 gwei ; 0.35 $

Note some overcharge on this fees is necessary for exchanges to ensure the transactions don’t get stuck if the activity suddenly increases.

All exchanges were checked by myself today without relying on any external data. Don’t trust, verify.

Kraken:

• BTC: 0.00001 BTC / 0.17 $

• ETH: 0.00350 ETH / 4.13 $

Coinbase:

• BTC: (0.33~0.37$ according to comments) *

• ETH: 0.00033600 / 0.40 $

Binance:

• BTC: 0.0002 BTC / 3.34 $

• ETH: 0.000768 ETH / 0.91 $

KuCoin:

• BTC: 0.0005 BTC / 8.35 $

• ETH: 0.005 ETH / 5.91 $

MEXC:

• BTC: 0.0003 BTC / 5.01 $

• ETH: 0.001 ETH / 1.18 $

* Since I had not even a few sats in my Coinbase account I couldn’t get an estimate for the fee, but since Coinbase very accuretly took the actual network price for ETH, I assume they do the same for BTC. Can someone please confirm if this is accurate?

Summary

From what I have seen, the only clear winner here could be Coinbase which calculated about the exact ETH network fees for fast confirmation.

While Kraken has fair fees on BTC, they overcharge a lot on ETH (by x10).

The fees of Binance are rather high on BTC, but acceptable on ETH in my opinion.

MEXC is the opposite of Kraken; Rather fair ETH fees, overcharging BTC by a lot.

The biggest rip-off in this comparison is without a doubt KuCoin. They overcharge BTC by over 400x and ETH by over 15x. This is already far more than you need to overpay to ensure priority confirmation.

Feel free to add exchanges I didn’t mention here in the comments.