Hi everyone,
I am planning to trade using BTC. Is the transaction cost of btc high
Let's go! If you are planning to trade with BTC, among your plans there should be other priorities to understand, because knowing how much are the fees for the different transactions within the trade is vital that this intrinsic know, if you are trying to trade.
Making transactions for purchase or sale generates a fee, on exchanges, generally these amounts vary between exchangers, for the market average they are small fees. But be careful always check the FAQ of any exchanger.
Then there are also some for depositing or withdrawing your assets, they can be fixed fee others are in percentages, be careful with those who intend to charge you a fixed + variable rate, this type is usually used a lot in deposits / withdrawals on credit cards
There is always in any bitcoin shipment the fees to those who confirm the transactions, miners.