Ethereum update: Ethermine to Kraken fees
I’ve recently noticed that the deposited amounts from my Etheremine.org payouts to Kraken do not match up.
After doing a little digging, it seems that the payment goes to a splitting contract for Kraken and a second, much higher, transfer fee is paid.
This is a bit of a pain, because Ethermine and Kraken say they pay the fees/don’t charge fees, yet I’ve paid as much as 6% of the amount just to transfer.
I’m assuming this is a decision made on Kraken’s end to distribute their incoming funds? They should really be more transparent about the fact that they’re going to steal your coin..
To illustrate what I mean:
Payout of 0.05018ETH to my Kraken Address. 1 GWei fee paid.[https://www.etherchain.org/tx/0x0f4804cfa0c28e19439e71d64c54cf7b4ce7ecc9f4b3a7952e6a8b45e67f7892](https://www.etherchain.org/tx/0x0f4804cfa0c28e19439e71d64c54cf7b4ce7ecc9f4b3a7952e6a8b45e67f7892)
Payment of 0.04706ETH from Kraken contract to my wallet. 91.16Gwei (0.00282ETH) fee.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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