Hodlhodl[1] has a 0.6% fee, which is pretty low enough. It's a peer-to-peer exchange though, so watch out for scammers and all that, and just pick the BTC buy/sell price you're happy with. It's not as easy to use as exchanges such as Coinbase and Kraken, but the reason why exchanges like Coinbase and Kraken have kinda high fees is because they're so easy to use and that the liquidity is pretty high(which is a good thing).
[1]
https://hodlhodl.com/pages/faqI'd rather play it extra safe, but thanks for the suggestion. I may explore it in the future though.
According to
https://www.kraken.com/features/fee-schedule, that 1.5% is for their instant trade services. If you use the spot trading platform, the fee is lower than that (if I understood it correctly). Most exchanges do this btw, you pay a premium if you use any instant trade services since it doesn't go to the order book, which is probably good for a trade with a huge volume.
You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.
I'll need to figure out what a spot trading platform is. Yes, I'm totally clueless. This is the first time I sell BTC for FIAT. Thanks for the tip.
Binance has the lowest fees
1.5% is very high for Kraken.
Binance fees are 0.1% for a spot trade. Both for maker and taker.
Also, remember to check the exchange rate. I see some people do recommend peer-to-peer exchanges and they might offer a good fee rate but the exchange rates are usually very bad since the liquidity is very low.
If you are about to withdraw your EUR to another bank you should also check the withdrawal fees (Also, Binance has very low withdrawal fees 0.02%)
You can check exchange rates if you go to Coinmarketcap, Search for your coin, Click on the markets tab (unfortunately peer-to-peer are not listed here)
You can get even lower fees on Binance if you use a referral ID that will give you -20%. Here is such a referral ID: Q06V9V1I
Thanks to you too. I will check them out.
