Crypto exchange with lowest fees to withdraw USD (Fiat)?

[Abiky]

I've been using Coinbase for quite a few years now, as it's been the easiest way to exchange my crypto holdings to Fiat (USD). The process of withdrawing Fiat to your bank account is seamless. However, I believe that Coinbase's fees are a bit high when it comes to selling crypto for cash. There might be far better options in crypto land with lower fees per each crypto trade performed on the exchange.

I'm eager to know if there's any other exchange that offers lower fees than Coinbase for cashing out Fiat (USD) to my bank account. The one exchange with the lowest fees available will be my top pick for all of my crypto endeavors. If you could help me with this, I'd be grateful. Thanks in advance.

[Danslip]

Why don't you use crypto.com or other alternative crypto debit card products? AFAIK, Bitstamp and DSX have the USD wire transfers to the bank accounts. Better to be sure with fees that can change anytime and DSK is the exclusive partner of Epayments too. Currently, Epayments has troubles with regulators but it was the cheapest option to liquidate the capital from crypto accounts.
P.S: I am not familiar with US regulation or different rules, laws based on your geolocation. Just my 2 cents.

[adaseb]

Your best bet would be to try Gemini. Now when you go to their website their fees are fairly large. The reason why is because its geared towards newbie people and they pay for simplicity. But if you send them an email they can enable ActiveTrader which has lower fees. And I also think the lowest fees are just using the API. Basically you will have to sell by command line but that I believe has like 0.1% fee if you are a low volume trader.

Its a fairly secure exchange and your money and funds are insured. As long as you are in the USA you shouldn't have any issues. Just keep in mind like Coinbase it requires KYC but since you used Coinbase already then you already knew that .

Future brokers usually have even lower fees but they are mostly geared towards trading and not a fiat off and on ramp. So Gemini wth 0.1% would be your best bet.

[slaman29]

Actually, I have never really checked since I can't even use Coinbase but you guys do know that even with exchanges that don't charge a fee, they always earn on commission right?

So when you exchange, do you actually check the final amount you get? Could it be that Coinbase has high fees but a good price with no commission?

[joniboini]

So when you exchange, do you actually check the final amount you get? Could it be that Coinbase has high fees but a good price with no commission?

I think there's no way to check whether they get an additional commission or not. I'd say it is easier to compare how much you get regardless of fee/commission etc to compare which platform is better for you price-wise.

[LeGaulois]

I found this comparison table with some exchange platforms. It doesn't look bad compared to Coinbase's fees.

https://www.cryptocoinzone.com/bitcoin-exchanges/withdraw-bitcoin-to-eur-or-usd/


To add Kraken charges at least $4
https://support.kraken.com/hc/en-us/articles/360000423043-Fiat-currency-withdrawal-options-fees-minimums-and-processing-times-

And Coinbase Pro doesn't charge for ACH
https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees

And Bitfinex 0.10%
https://www.bitfinex.com/fees

[so98nn]

I found this comparison table with some exchange platforms. It doesn't look bad compared to Coinbase's fees.

[...]

Quite good comparison here. I guess Exmo and bitpanda looks just perfect here. Though these exchangers are not that popular currently but their fees are much more competiitve as compared to others.

Binance is will be launching their credit card now, heard this from one of the discussion earlier, so there could be chance they will put-forth 0% fee structure.

I am speculating that one since Binance is giant market and they might handle the fees on their own. You might wanna keep an eye on the Binance CC for that matter.

[Abiky]

Why don't you use crypto.com or other alternative crypto debit card products? AFAIK, Bitstamp and DSX have the USD wire transfers to the bank accounts. Better to be sure with fees that can change anytime and DSK is the exclusive partner of Epayments too. Currently, Epayments has troubles with regulators but it was the cheapest option to liquidate the capital from crypto accounts.
P.S: I am not familiar with US regulation or different rules, laws based on your geolocation. Just my 2 cents.

Good idea. I'll have a look at Crypto.com for cashing out Bitcoin to Fiat at the lowest fees possible. Bitstamp is a better option than Coinbase, but its listing price is not the same. Bitcoin is valued at a higher price on Coinbase than Bitstamp. Even if fees are much lower on Bitstamp, I'd get less bang for my buck because of Bitcoin's price difference (in USD) between both exchanges. I sometimes wonder why exchanges have discrepancies in Bitcoin's prices denominated in USD. I don't think this happens in the traditional stock market.

Anyhow, it's nice to know that there are cheaper alternatives to Coinbase on the market. Binance.US, Bitstamp, and now Crypto.com are great competitors in the US. If Coinbase wants to stay ahead of the game, it's going to need to lower withdrawal fees. Otherwise, people will resort to other alternatives. I've used Coinbase ever since I've joined the crypto space back in 2014. But the high fees have urged me to look for other alternatives. Thankfully, new exchanges are popping up every once in a while, ramping up the competition in the crypto/Blockchain space. If it wasn't by that, Coinbase would've been a monopoly right now. Just my opinion

[adaseb]

I found this comparison table with some exchange platforms. It doesn't look bad compared to Coinbase's fees.

[...]

Quite good comparison here. I guess Exmo and bitpanda looks just perfect here. Though these exchangers are not that popular currently but their fees are much more competiitve as compared to others.

Binance is will be launching their credit card now, heard this from one of the discussion earlier, so there could be chance they will put-forth 0% fee structure.

I am speculating that one since Binance is giant market and they might handle the fees on their own. You might wanna keep an eye on the Binance CC for that matter.

I haven't looked into the Binanace credit card, however if they are like the ones I used in the past. The fees are crazy high for making any transactions. I used a service before and there was no deposit fee, small fee to convert BTC into spendable USD however the fees really were high when you went to spend it.

It was like 2-3% or so and its because thats what Visa or Mastercard charges merchants these days and you need to pay those fees. Plus the 1% fee for the credit card crypto company. So its good for small transfers but not worth it for anything larger than 4-5 figures.

[GreatArkansas]

You should also include your country, there are some exchanges that your local bank accounts may not support or support but the fee is high, as you said.
For example, in our country, one of the best crypto exchanges I can say is Binance, especially Binance got a lot of options for withdrawal, you can also be done your withdrawal using their P2P exchange, which is really will save you an extremely transaction fee.

[Xxmodded]

I think almost exchange when withdrawing use usdt choose trc platform will not have pay fee, I try always when sending usdt from binance to my local exchange by using usdt TRC platform,. You can sent your USDT money to other wallet have support to received USDT TRC platform you not to need pay for fee, if you sent 500$ you will get the same amount $500 too and most faster transaction if using USDT TRC than you have use USDT erc20 platform, need pay fee and take few moment for receiving your USDT sending. Not all exchange support accepted USDT with TRC platform because many exchange just support with USDT erc20 platform and have to pay fee.

[bakasabo]

Long time ago this link was posted here on the forum, I've saved it in favorites and now it might help. https://withdrawalfees.com/coins/tether
Hope this will help if you need an alternative bridge between crypto withdrawal and fiat.

You say fees are "a bit high" - how big are they ? I have withdrawn Euro from Coinbase to my bank account and it cost me 0.15 cents for Sepa transaction. It takes 1-2 days to transaction to reach my account.

[BitcoinAccepted]

In my view, it is more important to find a good and reliable exchange with a good reputation than to pay a little more commission.

The reason that an exchange charges more commission normally also has a reason. Quality for quantity.

[DarkDays]

I'm eager to know if there's any other exchange that offers lower fees than Coinbase for cashing out Fiat (USD) to my bank account. The one exchange with the lowest fees available will be my top pick for all of my crypto endeavors. If you could help me with this, I'd be grateful. Thanks in advance.

IN terms of withdrawal fee Coinbase isn't my first choice. Poloniex, Kraken are much better options. Below is a list from two sources that can help you compare what the rates.

Not all the exchanges might have the fee (like Coinbase in the second source) but can be compensated from other sources, at least it gives an overall understanding of the different options available.

https://www.bestbitcoinexchange.net/lowest-fees/


https://en.bitcoin.it/wiki/Comparison_of_exchanges

[AakZaki]

Have you never tried Binance to troubleshoot your fees?
Fiat withdrawals using the P2P method are free of charge, this will reduce your transaction crocodiles. Several other exchanges such as Huobi also implement P2P to reduce their withdrawal fees more effectively.

Don't just look at how cheap the withdrawal fees are, but look at the quality and service provided. If the withdrawal fee is low but at an unreliable speed, it will certainly be very disappointing. The withdrawal fee that is applied will depend on the quality of service and speed.

[Jakhan]

I found this comparison table with some exchange platforms. It doesn't look bad compared to Coinbase's fees.

https://i.imgur.com/mCLpsdA.pnghttps://www.cryptocoinzone.com/bitcoin-exchanges/withdraw-bitcoin-to-eur-or-usd/


To add Kraken charges at least $4
https://support.kraken.com/hc/en-us/articles/360000423043-Fiat-currency-withdrawal-options-fees-minimums-and-processing-times-

And Coinbase Pro doesn't charge for ACH
https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees

And Bitfinex 0.10%
https://www.bitfinex.com/fees

I dare add a review https://cryptototem.com/coinmama-review/ about coinmama. Here you will find information on fees and much more. Because the picture above is just superficial information. Are you only considering exchanges? How about exchanging directly with users, for example in a localbitcins?

[LeGaulois]

...

I see Coinmama on the picture I posted, maybe not a lot of information but the original poster is looking at the fees. The image I posted goes straight to the point. I had no use to give something else that he wanted. Otherwise, I could have posted thousand of links like your.
Since the thread is about the fees...

"Are you only considering exchanges"
Well, I'm not the one who asked a question, @OP mentioned looking for an exchange, not a P2P marketplace

[Abiky]

Have you never tried Binance to troubleshoot your fees?
Fiat withdrawals using the P2P method are free of charge, this will reduce your transaction crocodiles. Several other exchanges such as Huobi also implement P2P to reduce their withdrawal fees more effectively.

Don't just look at how cheap the withdrawal fees are, but look at the quality and service provided. If the withdrawal fee is low but at an unreliable speed, it will certainly be very disappointing. The withdrawal fee that is applied will depend on the quality of service and speed.

I try to avoid P2P exchanges as rates are not that attractive. I've noticed that you pay more to get crypto on a P2P exchange than you would on a traditional crypto exchange. Based on a small research I did a couple of days ago, both Bitstamp and Binance have cheaper fees than Coinbase when it comes to Fiat withdrawals in USD. Binance has even a greater number of cryptocurrencies listed on its platform than Coinbase. The competition is getting fierce between US-based crypto exchanges, allowing us to experience lesser fees in the long term. I'd definitely love to see more US-based crypto exchanges for US citizens to have more options to exchange their crypto to Fiat. I'm keeping an eye out on Kraken and Bittrex as they seem to be on the rise lately.

All in all, what matters is customer service above anything else. Many customers have complained about Coinbase's terrible customer service over the years. At least, I haven't had such issues when trading altcoins with Binance. It's no wonder why Binance is one of biggest (if not the biggest) cryptocurrency exchanges in the world. As long as fees remain low, you'll be able to get the most "bang for your buck" when cashing out crypto to Fiat within any point in time. Just my thoughts