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Author Topic: How many % fee do you pay to convert to fiat?  (Read 1448 times)
lienfaye
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January 10, 2017, 01:02:38 PM
 #41

I converted my btc to fiat yesterday and it cost me nothing. our local wallet has a feature where you can convert your btc directly to your bank account or any remittance you prefer to get your money, but this is only for verified members. if you use an exchanger well it will cost you around 5% i think.

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January 10, 2017, 02:53:21 PM
 #42

My exchanger asks me 5% fees if I take e-wallet payments and if I take bank cash he takes 7% fees. Also sometimes when he needs btc he offers me trades with 0% fees and I accept them if I have some btc to sell.
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January 10, 2017, 02:56:06 PM
 #43

If I need fiat I usualy use localbitcoins because I have trusted trader there who will convert Bitcoins to my local currency and pay it to bank account with very fair and reasonable exchange rate. I think that 5% is acceptable rate, everything above that would be too much to my opinion.

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January 10, 2017, 05:58:23 PM
 #44

I converted my btc to fiat yesterday and it cost me nothing. our local wallet has a feature where you can convert your btc directly to your bank account or any remittance you prefer to get your money, but this is only for verified members. if you use an exchanger well it will cost you around 5% i think.
interesting that is very good that you convert your bitcoin into fat without any transacton fee. to me i think i pay 1 percent of total amount while converting bitcoin into fiat currency.and after that i have to pay bank charges for concerting it into my bank account.
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January 10, 2017, 10:07:50 PM
 #45

My exchanger asks me 5% fees if I take e-wallet payments and if I take bank cash he takes 7% fees. Also sometimes when he needs btc he offers me trades with 0% fees and I accept them if I have some btc to sell.
i use different exchange and i think that every bitcoin has their price. to me the most reasonable fee is that of Urdu bit they only pay 0.5 percent. tha tis really too much reasonable fee. and that is the reason that i mostly use that exchange.
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January 10, 2017, 10:18:43 PM
 #46

Base in my caculation with our rates exchanging our bitcoin from that company i think 0.03% base in my own caculation and margin of buy and sell price from their website.. this is cheapest rate i think than the other country..

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January 10, 2017, 10:28:19 PM
 #47

I converted my btc to fiat yesterday and it cost me nothing. our local wallet has a feature where you can convert your btc directly to your bank account or any remittance you prefer to get your money, but this is only for verified members. if you use an exchanger well it will cost you around 5% i think.
wow it is a very nice facility dude, in my local exchange, if you want to convert bitcoin  to fiat and withdraw it into your bank. you must verify the data first, then your money will be charged a fee of 1%. but it was not too big
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January 10, 2017, 10:49:32 PM
 #48

I ever convert bitcoin to fiat with a local exchange, and the fee is 0,8% if I am not mistaken. but when my friend converted it, he sometimes ask for fee around 0-0,5%. he is very kind really. that is why I alwyas convert my bitcoin to him when I need it.

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