Bitcoin Forum

How much does it cost to trade coins? I think some charge a small amount and some just charge for withdrawing coins. I am ESPECIALLY interested in 'yobit.net' and 'novaexchange', because it's easier to get a new coin added onto these..   ::)

exchange like yobit or nova charge something like 0.0002btc for withdrawling your coins but some famous exchange like btc-e or bitstamp charges 0.0005 to 0.001btc for withdrawling your coins from there

And that's it? They don't charge for making trades? Far out!

Some exchanges charges based on %, such as 0.5% up to 2.5% every time you trade. Each exchange is different and please check their FAQ before you make your move.

There are exchanges that don't charge commission... however, the price at which they are selling the coins is much higher and the price they are buying is much lower! Do your calculation first!

I want to assure you that there is no where it is cost free just have that at the back of your mind, then you do comparative analysis of whatever each option will be offering and also consider additional cost you might include to transfer it to the spendable currency of yours before you decide to go for any option... My 2 cents...

yobit charge 0.2 % each trade not too much but you pay this small spread each time.

you have to visit the exchange site that you want to make a trade at and then look for a link about their "terms of services", "FAQ" or some of them have a link at the bottom of the page called "FEES".
then in any of these pages (it is different page in different exchanges) look for the percentage of fees they take on each trade (it is usually 0.2%) and also look for withdrawal fees which is usually the network fee (10K for bitcoin, 1 for Doge,...) also there is a fee for deposits when you deposit "Fiat" only.
i can't think of any other cost than these.

And this is become one of important reason for me to trading in yobit because they just charge for 0.0002 for every transaction and withdrawal. it's smaller than compare to another trading site. Check on their FAQ to answer your questions.

For valid informations, you can read carefully FAQ on there. And if there are not understanding about that, you can send email to their support. I think it will give you clear informations.

i would recommend you to use c-cex.com instead of using yobit.net because of the following reasons:
1. c-cex.com charges only 0.0001 btc as withdrawal fees. trading fees remains the same for both exchanges i.e. 0.2%
2. c-cex.com support is  much  more better than yobit.
3. several problems occur regularly on yobit but not at c-cex.
btw, thats just my opinion. good luck.

Fees are normally around 0.2%. It varies from site to site. Some sites charge you addionatlly for withdrawing funds from their exchange.

If I'm not mistaken its about 0.2% every trade you made and another 0.0002 for widrawing ,  the fee I think is fair if you start with a good amount you will never feel the fee in every trade you made just always to pick a coin that you will make profit not lost

Some exchanges also charge different rates in the case you do maker or taker trades:

Maker: You set a buy or sell order and wait for it to be filed.
Taker: You buy or sell at a price someone put an order for.

The makers are the ones maintaining the orderbook and therefore are sometimes rewarded with lower fees. The takers take orders from the order book and therefore sometimes pay higher fees.

Poloniex uses this system recently, so if you have patience, you may want to go there if you want the smallest fees possible.

The trading fee alone, at most I've seen it at 2%. Base on my experience these fees are a lot lesser when you trade large amounts instead of a casual trader with small amounts (there's always a limit for discounts on large trade amount and it's always stated on their respective FAQ pages).

some exchange applying different prices. but for me the total commission fees were paid very little. was reasonable because they provide all the services on their website.

hmm it totally depends upon you that how much you want to make profit to manipulate the amount you want to start with, the minimum is 0.001 you should afford to start with trading which includes all fees, and you can do some alt coin trading with yobit !

Yep, I also felt the fee charged to us for transactions in the exchanger is also reasonable. Because we can not exchange money easily without their help. And I think that fees for their operating costs, in order to continue and to improve the quality of their services. Moreover, we will not fall into poverty just because paying a fee. IMO

When figuring out the cost of trading on an exchange, don't forget to factor in the possibility of the exchange folding/getting hacked/running away with your coin. It happens :-\

can't say it was very little if the amount were traded is quite big,just imagine someone trading with big amount of bitcoin like 40BTC at the same time,if the fee is 0.2% (c-cex),it's 0.08 btc at the end,and for some exchangers,picking order will give more fees

Usually the trading fee on an exchange lies in between 0.2% to 0.5% per trade happened.
But it's variable from exchange to exchange.
You can get accurate figures from their respective websites.

i don't know about the other exchange you said but i suggest you stay away from yobit.net if you want to make big trades (large amount of bitcoin) because they are not such a good and trusted service.

i would suggest you my signature (liqui) but they are still in their Pre-launch and kind of in beta.

so for large amounts as others said, go to bittrex or poloniex.


while trading you always try to cover those fees with the profit that you gain from your trade so you should have bought at a price lower than 0.2% so it covers the fee.

There is really no basis or constant price fee for doing transactions on exchangers.
It all depends on the exchangers themselves. You can easily see them anyway whenever you're about to trade coins. Usually however, it ranges from 0.2% to 1% at the very most.