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Author Topic: The best way to buy and sell bitcoin  (Read 253 times)
fotomask (OP)
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November 07, 2019, 03:00:52 AM
 #1

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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November 07, 2019, 03:09:11 AM
 #2

If you don't want to pay fees, probably try to look for people buying/selling bitcoin in your local city. That way, the only fees you're going to pay is the bitcoin transaction fee, and probably the banking fees(if you don't want cash).

Try looking on Mycelium Local Trader[1](though I'm not sure if people still use this), or on social media(local Facebook groups).


[1] https://mycelium.com/lt/help.html

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November 07, 2019, 03:11:02 AM
 #3

Which ads did you look at? Usually, the top ads only have spreads of 2-3%, and they are pretty easy to deal with, not the worst fees if you want to trade in a P2P way (better privacy here).

If just want cheaper prices and don't mind verifying your identity or anything, you can just go for Kraken. They work great with fiat, verification takes 2 minutes, and they have very good fees compared to other exchanges.

I wouldn't really trust anyone on social media unless they are willing to meet up, but I don't think any of them have fees lower than 2%.

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November 07, 2019, 04:14:01 AM
 #4

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

Check Coinbase or your local crypto exchange, if available (both need KYC though).

As for me, as long as the said fees are considered as "fair" and give me a convenient, safe and smooth process in return, that's the best way. I don't mind paying for it. Well, if you have no choice left.

You might have difficulty dealing here in the forum on Currency Exchange section since it involves fiat and possibly bank transfers but you can consider trying it.

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November 07, 2019, 04:39:11 AM
 #5

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

localbitcoins do charge the fee but then they offer you good escrow and you feel safe when you are dealing in buying selling the bitcoins. You will not find any service which is free from fee.
One way is that you try to create a thread in currency exchange section where you can buy or sell bitcoin with your local currency but then you will hire an escrow for it and he will charge you also.
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November 07, 2019, 04:50:09 AM
 #6

You can go for binance. Fee is not so high. Also they accept visa or master card. Though I have no experience to buy btc in fiat from binance.you can take a look Binance btc/fiat

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November 07, 2019, 04:56:59 AM
 #7

There might be a available wallet in your area that can easily convert your crypto fiat. I prefer using wallet from our country it is registered in our government thou there is KYC but the fee isn't that high, check the available wallets in your country there might be also. If not then no choice is thru exchanges.

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November 07, 2019, 04:59:04 AM
 #8

If you don't want to pay a fee you can buy and sell Bitcoin directly with people in your local area, this way you only have to pay a very small fee when buying and selling. You can find sellers through facebook or local Telegram group. However, this method is also risky, if you encounter fraudsters you will probably be robbed or cheated out of your money.
I personally still prefer to buy and sell bitcoins through reputable services, although I will have to pay a high fee, but these are very safe and fast.


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November 07, 2019, 05:42:18 AM
 #9

Search first in your location if there is a bitcoin exchange if you are new to crypto It must be better if you can tell us from what country you came from so that users here same with your location can advise you the best ways/options to trade bitcoin, if your country is supported by Abra.com you can buy here using your bank account or credit cards fees are much lower compared to Paxful I think.

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November 07, 2019, 05:56:38 AM
 #10

I think Coinbase and Binance can sell or buy bitcoin using fiat. Try going there to see it,
Is there no active local exchange in your country? if not, then I suggest using both of these exchanges.
Paxfull is a safe exchange so at a large reasonable cost.
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November 07, 2019, 07:23:57 AM
 #11

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

If you're selling it in bulk like 1BTC and up, then it's best to find a buyer near your area. Tried it once, last 2017 I sold 4 ETH with p2p transaction, hassle and tx fee free. We met in a mall food court. Just be very careful with who you will do the transaction. Do a research about the buyer before going out.
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November 07, 2019, 10:27:59 AM
 #12

The best way to buy Bitcoin is to buy with Credit card. You can buy at exchanges that support Credit card payments like - Binance, Simplex, Coinswitch etc.

And you can sell Bitcoin to any other altcoins or fiat at any leading crypto exchanges with low fees.

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November 07, 2019, 12:27:02 PM
 #13

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.
AFAIK,localbitcoin charge no fee if you are buying or selling to an advertisement which was created by some other trader,so you will be more satisfied with localbitcoin if you are not going to be a day trader on it,but the ad creator have to pay 1% fee for every transaction which sumps upto 2% when we sell and buy the same amount of bitcoin.

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November 07, 2019, 01:22:57 PM
 #14

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

On this link you can choose the country you live in and see the best way to buy Bitcoin. --> https://www.buybitcoinworldwide.com
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November 07, 2019, 03:41:12 PM
 #15

What is the best way to  buy/sell bitcoin with fiat with lowest fees?
I tired localbitcoin and paxfull both has high fees.
Is there any other methods.

It depends on the volume which you buy or sell, I am not sure about paxfull but localbitcoin is a reasonable as I have been using it for a long time and it's more secure than any other buy/sell platform. There is a fixed amount of transaction fee which looks more while trading small amount but looks reasonable if trading high value. If you are looking for something much cost effective then go for any local exchange based in your location post verifying it.

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November 07, 2019, 04:10:03 PM
 #16

localbitcoin exchange or meet up. Best way to save up transfer fees of exchanges. Though i'd rather you get used to using exchanges so that you could trade with a whole lot more of people plus a larger volume. Plus, its a lot more hassle free since localbitcoin exchanges and meet ups require prior contacts and the like, plus, there may not even be a localbtc exchange in your location. So I'd rather get used to exchanges tbh, their services are quite nice and fees are at an acceptable range. It is disadvantageous to use exchanges when your trading small amounts since the entire volume of yours may be even used to pay the gas fee instead.

R


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nutella_11
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November 07, 2019, 04:12:09 PM
 #17

Definitely CoinDeal. This cryptocurrency exchange has really attractive fees, deposits in some currencies are free of charge. Moreover, currently they have giveaway with free tokens, so if you register now, you'll get them. here's the link: CDL Token
Linkkoin
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Online Cryptocurrency Exchange


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November 07, 2019, 04:59:29 PM
 #18

It depends if you want to get crypto fast or cheap. For making profits often it is worth to pay more for fees, but be able to get BTC or any other crypto as fast as possible (here exchanges offering card transactions are best).

Online cryptocurrency exchange - https://linkkoin.com
Buy BTC, ETH, XRP, BCH, EOS, LTC, XMR, REP, ETC, ZEC with credit/debit card
Maotezi
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November 07, 2019, 06:45:12 PM
 #19

If you want to buy or sell abitchoin, bypassing fee to ej is almost impossible, because it is an integral part of bitcoin, just as nature makes its circulation, so does bitcoin. The only method is to see in one of your local communities, if it is not illegal not to receive negative sanctions, so try some exchange without fee, but if you want to become a regular bitcoin user you will have must always pay a fee.
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November 08, 2019, 03:37:00 AM
 #20

You should buy or sell where you live, meet buyers directly! However, your identity will not be private. Besides, secure trading platforms that support OTC trading are probably the best choice for you. For example, Okex, Huobi, ... or OTC trading platforms operating in your area or supporting the currency you are using.

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