Why is Steem's "Blocktrade" charging 11 Steem just to convert your Steem to bitcoin? Isn't this a bit insanely high commission? How do you transfer a small amount of Steem out of the system without essentially losing all of it in the process. Some of us have been around for months and posted legit articles that took time to write, didn't get paid anything for it, and would like to transfer the measly sum we generated out into something that can buy us a coffee-- like one, coffee. But for 11 steem to get out of Dodge, we now realize we've generated zero bc we're not even over the 11 steem limit to buy bitcoin and send it to our bitcoin wallet.
and what's a Golos? Might want to always just put a reminder of what it is into these posts. just a suggestion.
You are asking an unrelated question to the post. By the way blocktrades is a business that is not directly related to Steem (although the owner of blocktrades.us runs a witness node on the steem blockchain they also partner with other platforms such as bitshares.org).
I guess that they charge the fee to cover the cost of the Bitcoin network and to make a little profit (have you seen the fees to make bitcoin transactions..they are insane).