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Author Topic: On exchanges is it cheaper?  (Read 1764 times)
ParadiseFalls (OP)
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August 15, 2016, 06:56:40 PM
 #1

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
Robertqueen2
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August 15, 2016, 07:41:09 PM
 #2

I think there is no difference if you sold big amount or small amount , because the fee doesn't change according to the amount you sell . For example : if you sold 1 BTC , the fee is 0.002BTC , and if you sold 0.1BTC ten times , the fee won't change .
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August 15, 2016, 07:42:56 PM
 #3

exchange rate ends up the same

eg
10x 1btc = 0.02btc total in combined fee's
1x 10btc = 0.02btc single fee

but here is where things change.
if you are only depositing 1btc at a time. there is a bitcoin network transaction fee to deposit it. (roughly 11cents on average per tx)
meaning depositing 10 amounts costs you about $1.10.. but depositing it as one amount would only cost you just 1 cents

if you then withdraw funds. there is a bitcoin network transaction fee to withdraw(move funds out). again 1cents-$1.10 depending on single or split transactions

so instead of moving 10btc in one transaction=1 transaction fee to deposit. your paying 10 transaction fee's
so instead of removing 10btc in one transaction=1 transaction fee to withdraw. your paying 10 transaction fee's

not only have i mentioned the bitcoin network tx fee's make a difference but also the exchanges own withdrawals fee's
some exchanges dont do percentages as thier withdrawal fee. its sometimes a fixed amount.

in short "exchanging" doesnt matter much when or how much you do in one go. but putting the funds in and taking the funds out can make a difference

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August 15, 2016, 10:43:34 PM
 #4

Don't forget slippage. If you're using an obscure exchange, and there are plenty with very little on the order books, your one sell might slaughter the price for a while. If you ration your sells over a period of time you're more likely to get an untainted market price for them.
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August 15, 2016, 10:44:20 PM
 #5

These rates are still very high in my opinion.
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August 15, 2016, 11:23:32 PM
 #6

Isn't it obvious? Simple algebra.

Let's say Bob has $100. He puts it onto an exchange that charges 1% tax. So he ends up with $99.

Let's then say Jim also has $100. He puts two deposits of $50 onto an exchange that charges 1% tax. He still ends up with $99.

It's the same.


 
 
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yudy
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August 15, 2016, 11:43:36 PM
 #7

same smaller or big sell, is rate fee exchange 0,2%
example your sell bitcoin 1 bitcoin is one sell you can get fee 1 x 0,2% = 0,002
and your sell 1 bitcoin,  0,1 ten placed, you can get fee 0,1 x 0,2% = 0,0002
but your ten sell 0,0002 x 10 = 0,002
and result fee is same 0,002
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August 16, 2016, 12:36:54 AM
 #8

all in all, the fee transaction is really cheaper than you can imagine. i don't really care about the fee, becaue as fast as i know, it will be no more big than 0.01 BTC even if there is 0.01 BTC, i think the amount to send is really big, at least is up to 1000 BTC  Grin

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August 16, 2016, 12:44:29 AM
 #9

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

All transactions have "exchange rate tax" on them no matter the value. In fact, for some places, the more you buy the greater the "exchange tax" falue added.
So it's the same price to do both unless you negotiate a good deal with the person selling the coins.
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August 16, 2016, 01:20:54 AM
 #10

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
You've got your answer basically if you wanna selling your amount in the big part or some part is not having a difference in the fees you will get it. but better for selling into big part because that is will more save for your time.

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August 16, 2016, 04:17:37 AM
 #11

All transactions have "exchange rate tax" on them no matter the value.
i dont think that all the transactions have tax on them. do you mean transaction=exchange site ?
In fact, for some places, the more you buy the greater the "exchange tax" falue added.
it is not true. the exchange fees remain the same for all values. if you are buying 0.1btc then you have to pay 0.2% and if you are buying 10btc then too the fees remain the same.
@op, the exchange sites always have higher fees but if you want low fees then the best option for you is to deal with an individual in this forum. just my 2 cents!
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August 16, 2016, 10:30:07 AM
 #12

All transactions have "exchange rate tax" on them no matter the value.
i dont think that all the transactions have tax on them. do you mean transaction=exchange site ?
In fact, for some places, the more you buy the greater the "exchange tax" falue added.
it is not true. the exchange fees remain the same for all values. if you are buying 0.1btc then you have to pay 0.2% and if you are buying 10btc then too the fees remain the same.
@op, the exchange sites always have higher fees but if you want low fees then the best option for you is to deal with an individual in this forum. just my 2 cents!

Some marketplaces are better like localbitcoins or yibit for a good price. (Never leave coins unattended on yobit they may go missing).
As for the "tax" I mentioned, I said the "exchange tax" as in the amount the exchanges charge.
I thought to name it "exchange tax" as that is how it is worded in the OP
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August 16, 2016, 11:11:22 AM
 #13

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
It's for trading I think the fee is small and fair enough for buying bitcoin, if you want to buy much cheaper buy it at people who is not popular in there country to use bitcoin and the use of it there country is  only limited. Buy it with other mode of payment and payment and don't forget to use escrow.
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August 16, 2016, 11:18:05 AM
 #14

I think there is no difference if you sold big amount or small amount , because the fee doesn't change according to the amount you sell . For example : if you sold 1 BTC , the fee is 0.002BTC , and if you sold 0.1BTC ten times , the fee won't change .

yes fees doesn't change according to amount user sells but there are some exchanges that gives discount to users on trading fees based on their past trading volume.
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August 16, 2016, 01:07:43 PM
 #15

I think there is no difference if you sold big amount or small amount , because the fee doesn't change according to the amount you sell . For example : if you sold 1 BTC , the fee is 0.002BTC , and if you sold 0.1BTC ten times , the fee won't change .

yes fees doesn't change according to amount user sells but there are some exchanges that gives discount to users on trading fees based on their past trading volume.
So basically isn't trading volume the same as sold/bought bitcoins amount combined? But these lowered fees are so insignificant that barely anyone can achieve it.

See Poloniex's fees table:

Maker   Taker   Trade Volume (trailing 30 day avg)
0.15%   0.25%   < 600 BTC
0.14%   0.24%   ≥ 600 BTC
0.12%   0.22%   ≥ 1,200 BTC
0.10%   0.20%   ≥ 2,400 BTC
0.08%   0.16%   ≥ 6,000 BTC
0.05%   0.14%   ≥ 12,000 BTC
0.02%   0.12%   ≥ 18,000 BTC
0.00%   0.10%   ≥ 24,000 BTC

Have fun trading with 24k BTC.


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August 16, 2016, 01:47:24 PM
 #16

According to me There is No Difference Because the Exchange Fee is In Percentage...
And It Doesn't Matter That If You Sell Big Amount Or  Small amount, The Fee will Always Remain Same as 0.2% Of Your Trade Amount......
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August 16, 2016, 07:21:30 PM
 #17

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
There is no any fixed fee on exchnages it is just a fix 0.2% fee that means in whatever amount you sell only 0.2% of your sell amount will be taken as fee so basically there is no difference in fee with amount you sell.

 
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Taki
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August 16, 2016, 10:36:06 PM
 #18

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
I think it does not matter at all how big amount you exchange 1 BTC or 100 BTC the percent of the tax for exchanging will stay the same, in the case you are talkingabout it is 0,2 %, but i am sure there is excangers who take less or more. as usual online exchangers take less percent, I have tried to exchange my first mBTC through one guy, did not know then about online exchangers, just my friend recommended him to me, so his comission was 10%.
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August 17, 2016, 12:39:45 AM
 #19

It shouldn't make a difference since the fee is a set percentage. However, some exchanges charge a smaller fee if you do a lot of trading over a certain period of time. If the large amount puts you in a different fee level, you may want to do your sells or buys all at once or closer together to lock in that rate.

 
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croutonhexagon
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August 17, 2016, 01:49:43 AM
 #20

Bro It Doesn't Matter You are Selling a Big Or Small amount....
For Example:-
If you Sell 1 Bitcoin then the Fees will be 0.002 Satoshi Or When You Sell Only 0.01 Btc the Fees will be 0.00002 Btc so There is No Change in the Percentage of Fee......
So No Difference at all......
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