Bitcoin Forum
June 24, 2024, 08:52:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Exchanges' Trading Fees  (Read 256 times)
Ultegra134 (OP)
Hero Member
*****
Offline Offline

Activity: 1596
Merit: 785



View Profile
February 18, 2021, 08:04:23 PM
 #21

I know, I hadn't thought about it till I opened my transaction history. I'm not a daily trader, but depending on the circumstances, I'll trade 3-4 times a week, if we take into account 0.5% for every trade, it's a tremendous amount I could have saved if I was in another exchange. (for 0.01 BTC which costed somewhere around 370€, I'd have to pay approximately 2 + 2 euros to buy and sell. It might not seem excessive at first, but if you totalize your 10,20,30 transactions, multiply it by 2 Euros it would be 20,40,60 Euros respectively.
If this your problem, why not you didn't transfer your fund into another exchange that has the lowest fees compared to the one that you've said it has terrible fees upon per trading.  An exchange that supports hundreds of coins, security, transaction speed, high volume per coin, and most of all the cheapest fees.

I didn't have any experience from the exchange that what you've said, but if feel uncomfortable while in trading it's better to transfer into a good one.

You can try to have a look at this article, an exchange that has the cheapest fees.
"Cheapest Cryptocurrency Exchange"
I'll move to Binance, but haven't done it just yet. I'm not sure which is the most cost efficient way to transfer my fiat and crypto balance. They're charging 3 Euros for fiat balance withdrawals and 0.0005 BTC, from which the latter seems way too much. I think it would be best if I sold my BTC and then simply withdraw as Euros.

It looks too much of a hassle, that's why I haven't done it yet.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!