Yesterday the Kraken Team sent me an Email stating that the new Fee for XBT withdrawl is now: .0025 (6-7 bucks) Today I recieved the email below stating the Fees are now "Batched" and are set at .001 (Much better, but slower)
I tested it and send some XBT to my Cold storage and it was actually quicker then usual (maybe the Mempool is low at the moment)
At any rate, why not let us simply choose our rate? High, Medium, or Low?
Email I recieved FYI:
Bitcoin withdrawals now batched to reduce cost
Many clients have said they prefer a lower bitcoin withdrawal fee even if it means slower transactions. Accordingly, we are now sending withdrawals together in batches to reduce cost. This allows us to reduce the bitcoin withdrawal fee to:
- 0.001 XBT
We are pleased to offer clients a significantly reduced fee, but keep in mind that bitcoin withdrawals will be a bit slower due to the batching. Withdrawals will take anywhere from 2 minutes to 5 minutes longer to broadcast to the network while waiting to be batched together with other payments.This fee reduction currently only applies to regular bitcoin withdrawals, not “BitGo Instant” transactions. And tether (USDT), which is transferred on the Bitcoin network, is unchanged at 5 USDT since tether does not support batch functionality.