Bitcoin Forum

Other => Beginners & Help => Topic started by: fotomask on November 07, 2019, 03:00:52 AM



Title: The best way to buy and sell bitcoin
Post by: fotomask on November 07, 2019, 03:00:52 AM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.


Title: Re: The best way to buy and sell bitcoin
Post by: mk4 on November 07, 2019, 03:09:11 AM
If you don't want to pay fees, probably try to look for people buying/selling bitcoin in your local city. That way, the only fees you're going to pay is the bitcoin transaction fee, and probably the banking fees(if you don't want cash).

Try looking on Mycelium Local Trader[1](though I'm not sure if people still use this), or on social media(local Facebook groups).


[1] https://mycelium.com/lt/help.html


Title: Re: The best way to buy and sell bitcoin
Post by: hello_good_sir on November 07, 2019, 03:11:02 AM
Which ads did you look at? Usually, the top ads only have spreads of 2-3%, and they are pretty easy to deal with, not the worst fees if you want to trade in a P2P way (better privacy here).

If just want cheaper prices and don't mind verifying your identity or anything, you can just go for Kraken. They work great with fiat, verification takes 2 minutes, and they have very good fees compared to other exchanges.

I wouldn't really trust anyone on social media unless they are willing to meet up, but I don't think any of them have fees lower than 2%.


Title: Re: The best way to buy and sell bitcoin
Post by: harizen on November 07, 2019, 04:14:01 AM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

Check Coinbase (https://www.coinbase.com/) or your local crypto exchange, if available (both need KYC though).

As for me, as long as the said fees are considered as "fair" and give me a convenient, safe and smooth process in return, that's the best way. I don't mind paying for it. Well, if you have no choice left.

You might have difficulty dealing here in the forum on Currency Exchange (https://bitcointalk.org/index.php?board=53.0) section since it involves fiat and possibly bank transfers but you can consider trying it.


Title: Re: The best way to buy and sell bitcoin
Post by: BitcoinsGreat on November 07, 2019, 04:39:11 AM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

localbitcoins do charge the fee but then they offer you good escrow and you feel safe when you are dealing in buying selling the bitcoins. You will not find any service which is free from fee.
One way is that you try to create a thread in currency exchange section where you can buy or sell bitcoin with your local currency but then you will hire an escrow for it and he will charge you also.


Title: Re: The best way to buy and sell bitcoin
Post by: iamaruf on November 07, 2019, 04:50:09 AM
You can go for binance. Fee is not so high. Also they accept visa or master card. Though I have no experience to buy btc in fiat from binance.you can take a look  Binance btc/fiat (https://www.binance.com/en/buy-sell-crypto)


Title: Re: The best way to buy and sell bitcoin
Post by: dimonstration on November 07, 2019, 04:56:59 AM
There might be a available wallet in your area that can easily convert your crypto fiat. I prefer using wallet from our country it is registered in our government thou there is KYC but the fee isn't that high, check the available wallets in your country there might be also. If not then no choice is thru exchanges.


Title: Re: The best way to buy and sell bitcoin
Post by: acdc on November 07, 2019, 04:59:04 AM
If you don't want to pay a fee you can buy and sell Bitcoin directly with people in your local area, this way you only have to pay a very small fee when buying and selling. You can find sellers through facebook or local Telegram group. However, this method is also risky, if you encounter fraudsters you will probably be robbed or cheated out of your money.
I personally still prefer to buy and sell bitcoins through reputable services, although I will have to pay a high fee, but these are very safe and fast.


Title: Re: The best way to buy and sell bitcoin
Post by: ice18 on November 07, 2019, 05:42:18 AM
Search first in your location if there is a bitcoin exchange if you are new to crypto It must be better if you can tell us from what country you came from so that users here same with your location can advise you the best ways/options to trade bitcoin, if your country is supported by Abra.com you can buy here using your bank account or credit cards fees are much lower compared to Paxful I think.


Title: Re: The best way to buy and sell bitcoin
Post by: bassbity on November 07, 2019, 05:56:38 AM
I think Coinbase and Binance can sell or buy bitcoin using fiat. Try going there to see it,
Is there no active local exchange in your country? if not, then I suggest using both of these exchanges.
Paxfull is a safe exchange so at a large reasonable cost.


Title: Re: The best way to buy and sell bitcoin
Post by: creepyjas on November 07, 2019, 07:23:57 AM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

If you're selling it in bulk like 1BTC and up, then it's best to find a buyer near your area. Tried it once, last 2017 I sold 4 ETH with p2p transaction, hassle and tx fee free. We met in a mall food court. Just be very careful with who you will do the transaction. Do a research about the buyer before going out.


Title: Re: The best way to buy and sell bitcoin
Post by: Polina_21 on November 07, 2019, 10:27:59 AM
The best way to buy Bitcoin (https://payments.coinswitch.co/?crypto=BTC&fiat=USD&amount=63&utm_source=homepage) is to buy with Credit card. You can buy at exchanges that support Credit card payments like - Binance, Simplex, Coinswitch etc.

And you can sell Bitcoin (https://coinswitch.co/coins/bitcoin/bitcoin-to-ethereum) to any other altcoins or fiat at any leading crypto exchanges with low fees.


Title: Re: The best way to buy and sell bitcoin
Post by: Findingnemo on November 07, 2019, 12:27:02 PM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.
AFAIK,localbitcoin charge no fee if you are buying or selling to an advertisement which was created by some other trader,so you will be more satisfied with localbitcoin if you are not going to be a day trader on it,but the ad creator have to pay 1% fee for every transaction which sumps upto 2% when we sell and buy the same amount of bitcoin.


Title: Re: The best way to buy and sell bitcoin
Post by: SheriffEl on November 07, 2019, 01:22:57 PM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

On this link you can choose the country you live in and see the best way to buy Bitcoin. --> https://www.buybitcoinworldwide.com


Title: Re: The best way to buy and sell bitcoin
Post by: Wysi on November 07, 2019, 03:41:12 PM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

It depends on the volume which you buy or sell, I am not sure about paxfull but localbitcoin is a reasonable as I have been using it for a long time and it's more secure than any other buy/sell platform. There is a fixed amount of transaction fee which looks more while trading small amount but looks reasonable if trading high value. If you are looking for something much cost effective then go for any local exchange based in your location post verifying it.


Title: Re: The best way to buy and sell bitcoin
Post by: Wexnident on November 07, 2019, 04:10:03 PM
localbitcoin exchange or meet up. Best way to save up transfer fees of exchanges. Though i'd rather you get used to using exchanges so that you could trade with a whole lot more of people plus a larger volume. Plus, its a lot more hassle free since localbitcoin exchanges and meet ups require prior contacts and the like, plus, there may not even be a localbtc exchange in your location. So I'd rather get used to exchanges tbh, their services are quite nice and fees are at an acceptable range. It is disadvantageous to use exchanges when your trading small amounts since the entire volume of yours may be even used to pay the gas fee instead.


Title: Re: The best way to buy and sell bitcoin
Post by: nutella_11 on November 07, 2019, 04:12:09 PM
Definitely CoinDeal. This cryptocurrency exchange has really attractive fees, deposits in some currencies are free of charge. Moreover, currently they have giveaway with free tokens, so if you register now, you'll get them. here's the link: CDL Token (https://token.coindeal.com/)


Title: Re: The best way to buy and sell bitcoin
Post by: Linkkoin on November 07, 2019, 04:59:29 PM
It depends if you want to get crypto fast or cheap. For making profits often it is worth to pay more for fees, but be able to get BTC or any other crypto as fast as possible (here exchanges offering card transactions are best).


Title: Re: The best way to buy and sell bitcoin
Post by: Maotezi on November 07, 2019, 06:45:12 PM
If you want to buy or sell abitchoin, bypassing fee to ej is almost impossible, because it is an integral part of bitcoin, just as nature makes its circulation, so does bitcoin. The only method is to see in one of your local communities, if it is not illegal not to receive negative sanctions, so try some exchange without fee, but if you want to become a regular bitcoin user you will have must always pay a fee.


Title: Re: The best way to buy and sell bitcoin
Post by: The3max on November 08, 2019, 03:37:00 AM
You should buy or sell where you live, meet buyers directly! However, your identity will not be private. Besides, secure trading platforms that support OTC trading are probably the best choice for you. For example, Okex, Huobi, ... or OTC trading platforms operating in your area or supporting the currency you are using.


Title: Re: The best way to buy and sell bitcoin
Post by: vlasrodz on November 08, 2019, 07:59:29 AM
Hey guys
Better way its ok
But what about better exchange?

Which one will you recommend?  ???


Title: Re: The best way to buy and sell bitcoin
Post by: Annisa_crypto on November 08, 2019, 10:52:35 AM
You can buy and sell crypto with any other crypto or else you can buy with credit/debit card from so many exchanges. But regarding fees try to compare all the exchanges price and then invest because fees are different for every exchange.But just make sure the amount you are going to pay should cover all the network fees which blockchain takes.


Title: Re: The best way to buy and sell bitcoin
Post by: vlasrodz on November 09, 2019, 07:09:34 AM
What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

Hey man
So what is your final decision?
What do you choose for yourself?


Title: Re: The best way to buy and sell bitcoin
Post by: The3max on November 09, 2019, 10:38:48 AM
OTC platforms are always my top choice, I think it's safer than any other trading option. However, the platforms that should be used are secure trading platforms, have many buyers and good prices.


Title: Re: The best way to buy and sell bitcoin
Post by: congakia113 on November 09, 2019, 01:58:04 PM
P2B trading platforms are a good choice for you. Besides, exchanges that support OTC are also heavily used. You should only use safe, liquid trading platforms.


Title: Re: The best way to buy and sell bitcoin
Post by: moneykarma on November 10, 2019, 09:26:17 AM
Coinhako is easy!
You can also check the detail from this link
https://moneyduck.com/sg/forum/what-is-the-easiest-way-to-buy-bitcoin-and-other-cryptocurrencies (https://moneyduck.com/sg/forum/what-is-the-easiest-way-to-buy-bitcoin-and-other-cryptocurrencies)