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Author Topic: Service to withdraw bitcoin in EUR to bank account with low fees  (Read 163 times)
bencuri (OP)
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October 14, 2018, 01:12:15 PM
 #1

My recent bitcoin wallet offers withdrawing bitcoin in EUR through SEPA to my bank account for 3,7% fee. Can you recommend any trustable wallet that charges a lower fee, preferably 1-2%? The transaction has to be in EUR, USD withdrawal is not okay for me.
OmegaStarScream
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October 14, 2018, 01:33:19 PM
 #2

Which exchange are you using? Try Coinbase, BitPanda or Bitonic.

You also shouldn't treat an exchange as a wallet. Your funds are never secure in online platforms. I suggest trading and then withdraw to a personal wallet (e.g Electrum).

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bencuri (OP)
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October 14, 2018, 03:20:45 PM
 #3

I am at blockchain.info at the moment.
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October 14, 2018, 05:07:54 PM
 #4

I am at blockchain.info at the moment.
Blockchain.info is more of a wallet than an exchange. That's why their fees are so high (you are paying for the convenience of selling BTC directly from your wallet).

If you want to save money, you need to use a dedicated exchange like Coinbase or Bitfinex.

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LeGaulois
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October 14, 2018, 05:09:53 PM
 #5


My recent bitcoin wallet offers withdrawing bitcoin in EUR through SEPA to my bank account for 3,7% fee. Can you recommend any trustable wallet that charges a lower fee, preferably 1-2%? The transaction has to be in EUR, USD withdrawal is not okay for me.

Kraken does the job very well. Besides the trading fee, the cost to transfer EURO to your bank account is €0.09 per transfer no matter the amount (which is noting).
SEPA transfers are fast 12 hours - 24 h max. If you request a transfer before 11.00 am you get it credited at the bank at 07.00 pm. Everything after the morning you will get it the next day.

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BitHodler
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October 14, 2018, 07:32:23 PM
 #6

If you want to save money, you need to use a dedicated exchange like Coinbase or Bitfinex.
Bitfinex is the last place anyone should be heading to when it comes to using a safe and reliable exchange. Their current banking problems are yet another obstacle traders there are dealing with, hence the premium in price.

Kraken does the job very well. Besides the trading fee, the cost to transfer EURO to your bank account is €0.09 per transfer no matter the amount (which is noting).
SEPA transfers are fast 12 hours - 24 h max. If you request a transfer before 11.00 am you get it credited at the bank at 07.00 pm. Everything after the morning you will get it the next day.
Kraken has improved a lot after their horrible problems months ago. I honestly didn't expect them to recover like this. Much respect to them.

Another exchange that does a good job in terms of EUR deposits and withdrawals, and happens to operate the largest BTC/EUR market, is Coinsbank. They comply with regulations as well, so another plus there.

BSV is not the real Bcash. Bcash is the real Bcash.
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October 15, 2018, 05:22:11 PM
 #7

If you want to save money, you need to use a dedicated exchange like Coinbase or Bitfinex.
Bitfinex is the last place anyone should be heading to when it comes to using a safe and reliable exchange. Their current banking problems are yet another obstacle traders there are dealing with, hence the premium in price.

Kraken does the job very well. Besides the trading fee, the cost to transfer EURO to your bank account is €0.09 per transfer no matter the amount (which is noting).
SEPA transfers are fast 12 hours - 24 h max. If you request a transfer before 11.00 am you get it credited at the bank at 07.00 pm. Everything after the morning you will get it the next day.
Kraken has improved a lot after their horrible problems months ago. I honestly didn't expect them to recover like this. Much respect to them.

Another exchange that does a good job in terms of EUR deposits and withdrawals, and happens to operate the largest BTC/EUR market, is Coinsbank. They comply with regulations as well, so another plus there.

Man, I would like to see my bank working as fast as Kraken does. I am using it for months or years and I love it. Never asked me an ID, selfie... and it's a big point for me and the main one. Even during the hard time Kraken got, I was still here, hehe. Just started to feel desperate to see them fixing their engine (I admit  Tongue )

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