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Title: Buying Altcoin with Fiat or other Altcoin? Post by: dominover on December 28, 2017, 12:31:09 PM Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when
trading cryptocurrency for cryptocurrency? For example, Independent reserve charges .5% when buying crypto with FIAT. But is it generally the same again if I buy say Altcoin with Bitcoin? Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: AdolfinWolf on December 28, 2017, 01:16:10 PM Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when trading cryptocurrency for cryptocurrency? For example, Independent reserve charges .5% when buying crypto with FIAT. But is it generally the same again if I buy say Altcoin with Bitcoin? Bittrex/Poloniex only charge you maker/trader fees, which is less then 0.5% for sure. I believe both of them add up to 0.3%/0.4%, which is definitely better then what you're being charged now. https://bittrex.com/fees Bittrex - 0.25% https://poloniex.com/fees/ 0.15% / 0.25% Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: dominover on December 28, 2017, 10:23:12 PM Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when trading cryptocurrency for cryptocurrency? For example, Independent reserve charges .5% when buying crypto with FIAT. But is it generally the same again if I buy say Altcoin with Bitcoin? Bittrex/Poloniex only charge you maker/trader fees, which is less then 0.5% for sure. I believe both of them add up to 0.3%/0.4%, which is definitely better then what you're being charged now. https://bittrex.com/fees Bittrex - 0.25% https://poloniex.com/fees/ 0.15% / 0.25% Thanks for that information! What I'm trying to understand is, are the fees generally higher for the initial buy in from fiat currency to crypto, or are the fees generally the same no matter where you start (that being from fiat or crypto)? Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: Itsmylife on December 29, 2017, 02:01:01 AM Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when trading cryptocurrency for cryptocurrency? For example, Independent reserve charges .5% when buying crypto with FIAT. But is it generally the same again if I buy say Altcoin with Bitcoin? Bittrex/Poloniex only charge you maker/trader fees, which is less then 0.5% for sure. I believe both of them add up to 0.3%/0.4%, which is definitely better then what you're being charged now. https://bittrex.com/fees Bittrex - 0.25% https://poloniex.com/fees/ 0.15% / 0.25% Thanks for that information! What I'm trying to understand is, are the fees generally higher for the initial buy in from fiat currency to crypto, or are the fees generally the same no matter where you start (that being from fiat or crypto)? Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: kuberayt on December 29, 2017, 04:09:52 AM There will be fees regardless of where you go. FIAT if you're trading with someone locally, but I mean if you're buying bulk it's just easier to do the usual with altcoin / btc trades and accept the costs. ::)
Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: pandukelana2712 on December 30, 2017, 06:57:36 AM Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when I think that fee is for their service. For fiat to cryptos, this mean your invest/exchange your fiat to cryptocurrency, there's some fee for service.trading cryptocurrency for cryptocurrency? For example, Independent reserve charges .5% when buying crypto with FIAT. But is it generally the same again if I buy say Altcoin with Bitcoin? But for more, if you trade from cryptos to another cryptos currency, it's call Cryptocoins trading, and yes, there is need some fee to serve for trade. Actually, fee for trade is cheap than fee for invest. Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: HabBear on December 30, 2017, 07:11:43 AM Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when trading cryptocurrency for cryptocurrency? Depends on the exchange, which exchange are we talking about here? There will be fee deducted when you buy ALTs using BTC. The fee % varies among exchanges. This comment is so vague it's not helpful. There are two types of fees that you could incur. (1) The fee charged by an exchange for the service they are providing; will be a set % of the transaction amount. (2) The fee charged by miners to confirm a transaction on the blockchain; will be a variable nominal amount in Bitcoin that's set by the person initiating the exchange. If you work with an exchange you'll pay both fees. The amount of each fee is totally dependent on the exchange you use. Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: yadwoa69 on December 30, 2017, 10:08:22 AM Mose exchanges charges 0% fees on crypto deposit and withdrawals , but for fiat, they need to charge a higher fees, sometimes due to chargeback or the service rendered by third party financial services.
Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: iagyei259 on January 02, 2018, 06:09:42 PM Withdrawing to fiat currency has high fees because the exchange need to pay third parties service fees. And the exchange be a profit making business pass on the cost to traders.
Title: Re: Buying Altcoin with Fiat or other Altcoin? Post by: codebread on January 02, 2018, 06:10:36 PM You can earn cryptos on bounty campaigns and then exchange them for other crypto, otherwise you will need fiat to begin with something
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