|
Title: COIN AT 0.48.... KRAKEN CHARGING ME 0.50 Post by: voyager23 on February 09, 2021, 07:08:22 AM Is this how they make money?
Why are they charging me 2p more for a coin?? That adds up! Any way around this??? They tell me there are no fees! (I was give kraken credit recently) Title: Re: COIN AT 0.48.... KRAKEN CHARGING ME 0.50 Post by: bitbollo on February 09, 2021, 07:16:16 AM kraken (for what I know since I am also a user here) doesn't have a politic of "free exchange" unless you're buying directly from your account balance.
but as the standard in this industry they will charge a small fee for every movement (like deposit exchange withdraw ecc) for a lot of other products like stablecoins / margin and futures. https://www.kraken.com/en-us/features/fee-schedule you can just look into your filled order and you find everything detailed (including fees). Title: Re: COIN AT 0.48.... KRAKEN CHARGING ME 0.50 Post by: badykvik on February 09, 2021, 04:41:54 PM Is this how they make money? Why are they charging me 2p more for a coin?? That adds up! Any way around this??? They tell me there are no fees! (I was give kraken credit recently) There are charges for all transactions on any crypto trading/exchange though you may complain of a high fees. There is no 0% commission fees on any exchange at least, i dont know of any. credit cards have their own commission process and its not hidden. Title: Re: COIN AT 0.48.... KRAKEN CHARGING ME 0.50 Post by: bitgov on February 09, 2021, 05:03:00 PM As they wrote above, there is no exchange that would not charge any fees.
Sometimes there are some promotions or short periods in which the exchange does not charge a fee. However, in my opinion you just missed something. Don't worry, it's tough at the beginning, but you'll get used to it ;) Title: Re: COIN AT 0.48.... KRAKEN CHARGING ME 0.50 Post by: logfiles on February 10, 2021, 08:42:01 PM Obviously when you use the instant exchange features or swaps, you are going to pay a lot more than when you place limit orders yourself basing on the order book.
Why not try this: https://www.kraken.com/u/trade Use Intermediate and advanced to set the prices you would like to buy at. make sure you first have a lot at the orderbook. Title: Re: COIN AT 0.48.... KRAKEN CHARGING ME 0.50 Post by: Darker45 on February 11, 2021, 02:04:16 AM Because there is a spread. The actual price of the coin is different from the buy or bid price as well as the sell or ask price. The price is in between the buy/bid price, which is higher, and the sell/ask price, which is lower. So if a coin, for example, is $0.48 it could mean the buy is $0.50 and the sell is $0.46.
If you wish to avoid it then indicate your preferred price. But, even so, you will still pay a reasonable fee. |