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Author Topic: Where to buy Bitcoin with cheapest fee?  (Read 617 times)
2double0
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April 17, 2019, 09:18:17 AM
 #21

The best way to eliminate additional fee is possible finding a trader who wish to sell bitcoin directly in exchange of fiat. This is possible through our forum's exchange services section. You could find the trader and make the direct trade, and for trust it is a must to have an escrow. If there is no escrow then it's purely the high risk involved trade in my view.

It is also better if OP can go for local friends or known people who trade BTC and sell them directly as he can easily negotiate his terms with the people he knows better instead of risking his money even with an escrow because I don't really trust escrows in cases where buyers would ask me to go for their preferred escrow. I have got many good people through instashift (direct contacts) and now, I easily sell/buy through them at 'average' market value I of paying higher because I can negotiate and convince the buyer to get to my price.
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April 17, 2019, 10:07:12 AM
 #22

I would suggest you buying by indodax
Go back to the local board mate!  Grin
Indod*x might be the best exchange in our country, but it's nothing if we talk about international exchanges. The withdrawal fee is high, and we must do stupid KYC/AML.
The easiest way is to use changenow/changelly/shapeshift or similar service, and the cheapest way is buying from a friend.
Some say Tradeogree has a cheap withdrawal fee, but I never use it so I don't know.

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April 17, 2019, 12:53:48 PM
 #23

I think you don't have to bother about the fee because the fee is not too high. No matter where you buy bitcoin, I think the fee is almost the same, and my advice is you only need to choose the recommended place or recommended sellers to buy bitcoin. No need to think about the fee because when you can make a profit, then the fee will not be a problem because you already cover the fee with the amount of your profit.
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April 17, 2019, 01:06:44 PM
 #24

what do you mean fee? you can try to buy on the market using USDT, you can set your buy price as you want, so you can buy at any price that you want. or you can find your bitcoin seller or people that want to sell their bitcoin

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April 17, 2019, 01:25:25 PM
 #25

Even the cheapest fee, there will be expensive in other side.

For me, I have no problem with the fee as long the exchange is trustable.\
Why would I choose cheaper fee if one day , the exchange turn into "scam" ?

Smiley
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April 17, 2019, 01:28:00 PM
Last edit: April 17, 2019, 08:48:05 PM by ralle14
 #26

Thank you that is very true I want to buy BTC with USD in japan, but no option.
Why do you force yourself to buy BTC with USD when it's much easier and convenient for you to buy using your own currency (Yen).

what do you mean fee? you can try to buy on the market using USDT, you can set your buy price as you want, so you can buy at any price that you want. or you can find your bitcoin seller or people that want to sell their bitcoin
He probably means the trading fees or withdrawal fees either way you'll have to pay for both. Some exchange have lesser fees but the rates could be worse though.

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April 17, 2019, 01:29:10 PM
 #27

You can find many honest sellers right here on this forum and then you won't have to pay any exchange fees.  Just make sure they have a good trust history and if not use escrow to be safe.
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April 17, 2019, 02:03:02 PM
 #28

I usually use LocalBitcoins to purchase BTC for the lowest price possible and never faced any problems whatsoever in this case. I usually sellers with 100% rating and choose the best rate and complete the deal through various payment methods(IMPS etc) instantly.

Do your research before choosing the seller though op.

Here in the U.S. LocalBitcoins is heavily monitored, so I have avoided that website. Some sellers have even been imprisoned for violating money transmission laws. I believe there was a case of a buyer having issues, too. I just pay the somewhat inflated fee that Coinbase charges, but I'd like to see competition drive the fees down.
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April 17, 2019, 02:30:07 PM
 #29

I use to buy and sell through localbitcoins site where you can buy and sell directly to the end users and their escrow system is very good. Apart from that it all depends on which country you are residing.
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April 17, 2019, 08:33:39 PM
 #30

Be careful when looking for places to buy with the lowest fees because you could get scammed just because you wanted to get a 0.5% smaller fee. Normally the fees are around 1-5% at almost all popular exchanges available so if you want to buy medium amounts it should make a big difference.
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April 17, 2019, 08:35:14 PM
 #31

Where should I buy my bitcoin with cheapest fee possible?  Huh

Thank you.

Prefer to trade on purchase on a platform.

I recommend that you go to Localbitcoins.com, there you can make your offer and wait until someone seems your price and decide to make the trade, what if I advise you is to look at the reputation of the person so you have more security . There is also another platform called Uphold, which is quite acceptable in terms of security, since it is managed from a third party, and until the money is received, the Bitcoins can not be released, and in case of canceling and not paying, the same platform is responsible for paying the debt.

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April 17, 2019, 08:56:36 PM
 #32

What about cheapest fee platform to use?
If you want to buy Bitcoin for fiat (especially not USD/EUR/KRW but some less popular fiat), you might not have many options to choose from. You can try setting a deal with someone on this forum with the usage of an escrow service. I think it costs something, but probably not much. If you are okay with buying Bitcoin for USD, you can choose one of the exchanges that has this trading pair from this list: https://coinmarketcap.com/currencies/bitcoin/#markets. It's also helpful that on coinmarketcap you can click on the exchange and find the info about fees fast.
I prefer to use local exchanges listed on https://www.bestchange.com/, it works best for my local fiat (the fee is around 3%, sometimes a bit higher).

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April 17, 2019, 11:27:47 PM
 #33

Where should I buy my bitcoin with cheapest fee possible?  Huh

Thank you.

Prefer to trade on purchase on a platform.

If you are not able to buy by p2p
There are many ways, for example
coinbase
payeer bank
localbitcoins
You will find that the fees are higher than the purchaseby  p2p
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April 17, 2019, 11:53:57 PM
 #34

On some known exchanges (verified / trustable) there are specific fees for each country.
Check out Coinbase fees and see if it pleases you. It has some very low fees while others are almost as 100% more expensive:
https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures

Nothing to see here
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April 18, 2019, 12:58:24 AM
 #35

I recommend peer to peer trading platforms. Localbitcoin is my favorite. There is only withdrawal and deposit fees which is around 0.00015 satoshis per transaction. I think it works in many countries as I am from India I never experienced any problem using localbitcoin. It is trusted and most of the time you would get good deals.

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April 18, 2019, 01:52:01 AM
 #36

Where should I buy my bitcoin with cheapest fee possible?  Huh

When prices are down:D bitcoin, I think some people who bought the bitcoin personally (not P2P) have the same price even more expensive than the current from the Exchange.

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April 18, 2019, 02:42:24 AM
 #37

On some known exchanges (verified / trustable) there are specific fees for each country.
Check out Coinbase fees and see if it pleases you. It has some very low fees while others are almost as 100% more expensive:
https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures

Yes I actually looked into coinbase Pro and they offer very nice rate~
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April 18, 2019, 03:01:23 AM
 #38

The best places to buy Bitcoin with either  cheapest fee or no fee at all  are mostly the local platforms available in your country that provide buying and selling of Bitcoin directly with people who either want to sell or buy Bitcoin. A good example of these platforms is the localbitcoin platform which provide a diverse number of people from different part of the world either selling or buying Bitcoin.  Also some exchange platforms provide cheaper fee for buying bitcoin such as coinbase.
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April 18, 2019, 03:06:43 AM
 #39

The best places to buy Bitcoin with either  cheapest fee or no fee at all  are mostly the local platforms available in your country that provide buying and selling of Bitcoin directly with people who either want to sell or buy Bitcoin. A good example of these platforms is the localbitcoin platform which provide a diverse number of people from different part of the world either selling or buying Bitcoin.  Also some exchange platforms provide cheaper fee for buying bitcoin such as coinbase.

The problem is that I wish to purchase BTC with USD in Japan. It is a dead end.
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April 18, 2019, 04:47:37 AM
 #40

i think now a days there are so many exchanges in the world and we can use it for buying bitcoin but if you are looking for the cheapest fee then you can contact with third party and this purchase will be in the over the counter market so purchasing with trusted exchanges will better and good.

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