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Author Topic: What is the cheapest way to Exchange cryptocurency?  (Read 509 times)
AliMan
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October 15, 2019, 02:53:59 PM
 #41

I usually use binance exchange when I trade different cryptocurrencies. All exchanges have a trading fee and if you going to use a exchange that has no trading fee you are free to use the localbitcoin because they do not have any transaction fee when you buy cryptocurrencies. If I were you it's better to use a major exchange like binance, bittrex and many more, Even they have exchange fee you can assure that your funds are safe and secure.

Maybe it's safe when trading funds with promising value, and I couldn't see any assurance for security if storing our funds on them could be a good idea. Trading your crypto in a few hours will be accommodated, but within a specific time-frame it doesn't guarantee how reliable are they when it comes to safeguarding our assets. Hopefully the exchange fee will be lessen, and once they could offer this kind adjustments; potential users will increase in numbers which is productive to see.

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October 15, 2019, 03:31:09 PM
 #42

I do not think of shipping costs because the costs used are very cheap from the profits I get, for me I let the transaction costs be used to exchange places to develop the exchange place so that the platform can be better than before.
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October 15, 2019, 03:57:13 PM
 #43

LOL... bitcoin transaction fee is for the bitcoin miners to validate your transaction on the bitcoin network. without paying the bitcoin transaction fee who do you expect you to validate your transaction? I know you are asking for the cheapest way to exchange crypto but all cryptos were built on the blockchain network which requires transaction fees to valid your transactions. You should try blockchain wallet they have one of the cheapest transaction fees.

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October 15, 2019, 05:48:17 PM
 #44

LOL... bitcoin transaction fee is for the bitcoin miners to validate your transaction on the bitcoin network. without paying the bitcoin transaction fee who do you expect you to validate your transaction? I know you are asking for the cheapest way to exchange crypto but all cryptos were built on the blockchain network which requires transaction fees to valid your transactions. You should try blockchain wallet they have one of the cheapest transaction fees.

Yes you are right that transaction fees goes to the miner. But there are cryptos that  has a cheaper transaction fee. For me when cashing out from an exchange I use XRP, it has the cheapest transaction fee I know which has support on our local exchange. Its fast and reliable to, thats why we convert our crypt to XRP before transferring.

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October 16, 2019, 06:22:23 AM
 #45

I usually use binance exchange when I trade different cryptocurrencies. All exchanges have a trading fee and if you going to use a exchange that has no trading fee you are free to use the localbitcoin because they do not have any transaction fee when you buy cryptocurrencies. If I were you it's better to use a major exchange like binance, bittrex and many more, Even they have exchange fee you can assure that your funds are safe and secure.
I regarding the actual cost is not one of the problems in the selection of exchange. the most important point is the existing features and also the trading volume because the cost is free if it turns out that the unsatisfactory price movement is very disappointing with the time we have wasted. and also security is the main factor because of course because of the choice of free exchange our money is at stake whether safe or not from the hacker exchange

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October 16, 2019, 06:32:51 AM
 #46

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!! 

https://blockchain.com.do check this website , o fees to exchange bitcoin to bank, paypal

 



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Beparanf
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October 16, 2019, 06:39:28 AM
 #47

maybe there is an exchange that is free of 0 fees but maybe in the future this does not apply, I think it will still require a fee despite the low cost. so I think now the cost of 0 is only available in a few places.
In time being. I don't aim for free exchanges since we don't have any way to ask or request even report anything since it's free and they might not focus enough on their users. Free sites usually have tons of ads that makes more transactions laggy. I think better choose the best exchange that are tested than aim for free that are useless or will give us more pain after. Just limit the transactions can be the solution to maximize our trading.

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October 18, 2019, 07:27:47 PM
 #48

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!! 

You can deal with other traders personally and do it "free", but there is always a great risk here. Exchange services will always take the fee for these operations, otherwise, they would never get their profit. My advice is simple: you should make a list of the best exchanges and register there. Use those, where the commission is small, but the service is trusted, and everything will work.

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October 18, 2019, 08:47:55 PM
 #49

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!! 
I don’t know is there any exchanger with 0 fees. If any exchanger run this kind of offer then how they will survive? Where is the profit? Also there need fees to confirm the trx.if there is any Exchanger with 0 fees please share with us     

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October 18, 2019, 08:53:35 PM
 #50

trading fees is important, but there is thing that should be considered too, such as volume
it is useless if exchanges has zero fees but just has small volume. you will be hard to get profit and low liquidity
sp i recomend big exchanges for better experience, such as binance, okex, bitmex
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October 18, 2019, 09:45:39 PM
 #51

I have also an idea; Find someone online, in social media, different forum, etc. That are willing to meet you in personal and exchange, this is common for sure especially here in our country ( for large transaction and avoiding huge spread gap in some exchanges ).
But still you can't say that almost 0 trading fees, because even you saved some amount on the gap, you still have some expenses like transportation cost, venue cost, food cost if ever you will treat the seller/buyer for a meal/any food.

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October 18, 2019, 10:16:02 PM
 #52

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!  

What a zero fee? Most exchange site have a fee for the buy and sell of altcoin even the withdrawal of yoir coins because fee is important to any exchange site this is their profit to maintain the site performance, if you want a small fee in transaction go for dex exchange site because in regular exchange site its allow a fee for any transaction.

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October 19, 2019, 01:41:14 AM
 #53

Trading on an exchanger near to you (in your country) still the best way to exchange cryptocurrency, they offer low fees start from 0% for the maker, even some offer rebate promo for market makers when their orders are fulfilled, even Bithumb give 70% of fees back to customers; [This event will occur between October 21 and November 22. Specifically, it only applies to users of Bithumb exchange outside of Korea.]
Most of the large crypto exchanger which has liquidity only charge small fees, you can always check their fees;
check HERE and HERE
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October 19, 2019, 04:59:29 PM
 #54

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!! 
That will typically be a decentralized platform where you can do your transaction peer to peer, but as they say that you cannot have your cake and eat it all, if you want a very fast transaction that will be executed within a short period of time, then centralized exchanges would be the best because they have the volume, but you have to pay for the price which is the fee that you are trying to avoid from what I can see which I personally don't think their fee is that much for the services you will get from them.

If you chose to use a decentralized exchange where you will get zero fee or very minimal fee, you should be ready to wait for like everlasting to get a transaction done, so the choice is your which I will advise that you look more at centralized exchanges for faster turn over.

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October 19, 2019, 05:13:54 PM
 #55

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!! 

There are exchanges that offer free trading fees for 1 month, however I do not recommend because it is a new exchange, do not be tempted by cheap costs what else is free, because something that doesn't make sense mostly ends in fraud.
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October 19, 2019, 06:03:30 PM
 #56

I do not think of shipping costs because the costs used are very cheap from the profits I get, for me I let the transaction costs be used to exchange places to develop the exchange place so that the platform can be better than before.
Well, what a waste of profit, it's not everyday you can get the same profit that you gained. During the surge of Bitcoin there is a possibility that the transaction fees would rise drastically, so I would suggest to switch to altcoin before you go sending it to your main wallet because I am sure that you will suffer from the fees in no time.

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October 19, 2019, 06:11:43 PM
 #57

I assume that you are saying about exchanging your cryptocurrency for fiat because if that is the case then local p2p is the best way to exchange your cryptocurrency for fiat. But if you are saying to exchange your cryptocurrency with another cryptocurrency then the best way is usually changelly if you don't want to get into the hazzles of various exchanges. Moreover, you can also try the currency exchange section of the forum here: https://bitcointalk.org/index.php?board=53.0 and see if you can find someone who can give you fiat or other crypto for your Crypto. Use an escrow or trade only with trusted members.
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October 19, 2019, 06:37:44 PM
 #58

You can use an exchange like Shapeshift, which charges only a small fee% to exchange altcoins.
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