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Author Topic: what is the lowest fee platform for buying selling bitcoin at this time?  (Read 130 times)
ggbtctalk000 (OP)
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November 14, 2020, 06:10:55 AM
 #1

Dont talk me into coinbase,. I had horrible experience and heard and keep hearing from other about coinbase's terrible experience. It does not matter how popular they are or whether they charge less or nothing for fee.

I have been using gemini for while as it has been quite convenient. There has been lot of frustrating issues lately however I will focus on the fee.
I think last time I bought and sold bitcoin, they charged me 30$ fee!!! Actual blockchain mining fee was less then few cents. Haha. way to make money huh?

Any better platform?
I hate paypal so probably not  going to use.
I am looking into Square's CashApp.

Anything better let me know.
My priority:
- easy and convenience of use, bug-free feature
- reasonable fee
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November 14, 2020, 08:38:44 AM
 #2

What are your trading habbits? You are long term investor/ day trader? You want to trade using stable coins or you want to buy/sell with fiats? Are you interrested in bitcoin only or altcoins too? It all matters. With data you gave me all I can do is sending you to Binance, who is the market leader in almost every possible area. Use it once, you will never use anything else if you will not forced to (coin not listed on binance).
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November 14, 2020, 09:55:13 AM
 #3

Probably this site might help you to choose which exchange with the lowest fee https://www.cryptowisser.com/exchanges/

But don't be blind, you need to search first the reputation and reviews before using any service... or you can be trapped in scam exchanges.

IMO Binance or KuCoin are a good option since it's easy to use, high trading volume, and have reasonable fees (0.10%) .

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November 14, 2020, 10:16:43 AM
 #4

If you are looking for an exchange that has low withdrawal and trading fees then you could use Binance which charges you 0.1% for every trade and if you got any BNB in your account then trading fees would be reduced to 0.075% and the withdrawal fees for all coins are reasonable and lower or equal to other exchanges as far as I know.

Kucoin is fine too even though the trading volume on some pairs are not that great but if you're trading bitcoin as you said you should be fine and their trading fees are 0.1% just like binance and with having KCS in your balance you'd pay 0.08% for your trades, but keep in mind that kucoin can have just slightly higher withdrawal fees for some coins and tokens.
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November 14, 2020, 01:50:26 PM
 #5

I can't say for sure if the OP is from the US (it's possible), but anyone proposes Binance should keep in mind that their service is not available in all states. As for CashApp fees depend on how the app is used, but as far as I can see they range from 1.5% to 3%, although it is claimed that most transactions between users are completely free. When it comes to fees for buying and selling BTC within this application, no specific amounts are stated - only that they can be applied and will be stated before the transaction is completed.

Cash App may charge fees when you buy or sell bitcoin. These fees will be listed on the trade confirmation before you complete a transaction.
Cash App charges two kinds of fees for bitcoin transactions: a service fee for each transaction and, depending on market activity, an additional fee determined by price volatility across U.S. exchanges.

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November 14, 2020, 01:52:54 PM
 #6

If you are asking for widrawal fee for bitcoin  you can check this list and see your self how much fee the exchange asking for widrawal.
https://withdrawalfees.com/coins/bitcoin

note : Before using any exchange on the list make sure that you review every each of them before trading or find other users review in it.
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November 14, 2020, 02:38:12 PM
 #7

Quote
Dont talk me into coinbase,. I had horrible experience and heard and keep hearing from other about coinbase's terrible experience.
If you're using Coinbase wallet, not on Coinbase pro exchange.  That's a terrible huge fee but in exchange, I think it's reasonable fees they had.  Try to read this “Secret Method” to Avoid Paying Coinbase Fees, it will really help you to reduce fees upon withdrawal.  Take note, not on the Coinbase wallet, on Coinbase pro exchange.

Quote
I hate paypal so probably not  going to use
Paypal isn't intended if you want to buy and sell Bitcoin, Paypal is a payment processor and the most horrible thing you can't withdraw your Bitcoin there or transfer into other wallets.

Quote
Anything better let me know.
My priority:
- easy and convenience of use, bug-free feature
- reasonable fee
However, as you can see the most response above they prefer to use Binance, and that is right.
Here are also my list that you might consider.
  • Binance
  • Cex.io
  • Bestchange
  • Kraken
Do Your Own Research (DYOR) is the best practice ever.

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November 14, 2020, 02:48:19 PM
Merited by Danslip (1)
 #8

Here: https://www.cryptowisser.com/exchanges?continent=&coins=1541&fee=2.0

From cryptowisser.com, please customize the filter, at least add Bitcoin (coin number = 1541 as seen above) to the filter.
The table header shows you three types of fee:
  • Taker
  • Maker
  • Withdrawal
You must choose the one you are interested in.

A bonus advice for you:
  • If you have time and serious care about fee, please take a look at Segwit support. If they support Segwit address and Segwit-transactions, you can have more convenience and save more fees.
  • Segwit address helps you to reduce transaction size (with same number of inputs and outputs) than Legacy address. Smaller size means less transaction fee.

Cryptowisser.com does not give you information for Segwit support but from filter and screening results with the site, you can manually check a few exchanges and choose one from them (Check their ToS, FAQ pages - search with Segwit as a keyword) or create trial account and check their details with their Deposit/ Withdrawal addresses.

You can get it from the table there: https://en.bitcoin.it/wiki/Segwit_support but at the end you must check it by yourself on exchanges with your real accounts.

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November 14, 2020, 03:10:44 PM
 #9

If you are from US then coinbase is the best platform which was mentioned by huge number of users but I won't agree that as well because they sucks if we get some kind of problems.

So you can use p2p for buying and selling Bitcoin which is cheapest and faster but can't say it is highly secured because mose people uses it for money laundering so you need to be careful when trading on p2p.

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November 14, 2020, 05:07:18 PM
 #10

~

If you really hate fees, I guess Binance and Bestchange are the platforms that suits best for you. They offer the lowest (I guess) fees on the market. If you were a day trader with an active trading habit, better use Binance. But if you would want to buy crypto from time to time for personal reasons, Bestchange suits you the best. Both platforms do also qualify on your priorities of having less fees and being convenient platform.
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November 14, 2020, 07:10:39 PM
 #11

Dont talk me into coinbase,. I had horrible experience and heard and keep hearing from other about coinbase's terrible experience. It does not matter how popular they are or whether they charge less or nothing for fee.

I have been using gemini for while as it has been quite convenient. There has been lot of frustrating issues lately however I will focus on the fee.
I think last time I bought and sold bitcoin, they charged me 30$ fee!!! Actual blockchain mining fee was less then few cents. Haha. way to make money huh?
No, genuine crypto trade will sees coinbase as a god playform for trading crypto but Gemini charging you $30 fee for a single trade is an unthinkable fees. Do you have any idea the %
 
Any better platform?
Bibox, Binance and Kucoin offer an interesting fee but you can check the list of exchange site and there fee on https://www.cryptofeesaver.com/exchanges/fees/coins/bitcoin.


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November 14, 2020, 08:31:06 PM
 #12

Any better platform?
I hate paypal so probably not  going to use.
I am looking into Square's CashApp.
.

Have you tried Binance exchange, they're one of the cheapest out there most especially if you're to used their native tokens as the payment option for their fees. If you aren't comfortable using Binance than you can browse through the bestchange platform that offers the serves of providing you with numerous options to choose from for your best experience in exchanging of your cryptocurrency and both digital currency like perfect money etc.

Be very cautious though as some suggestions you'll receive or come across on the web might be very dangerous, as malware might be on the exchange or them been total scams as they'll be attracting you with mouth watering offers, also noted service providers offering recommendable service won't do that for free so you shouldn't always be looking for free or cheap stuff.

Instead search for quality service and be ready to pay for such service as you're better off patronizing those platforms than getting scammed on the so called cheap with ones.

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batang_bitcoin
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November 14, 2020, 09:45:30 PM
 #13

I'm also suggesting about Binance but there has been a news that they've started blocking US residents. I would assume that OP is from US. This news can be good as your criteria but still depending to your satisfaction and convenience op, most of us don't have any problems with them.
Binance has begun to block U.S. users from accessing its exchange platform

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Danslip
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November 14, 2020, 09:57:21 PM
 #14

Here: https://www.cryptowisser.com/exchanges?continent=&coins=1541&fee=2.0

From cryptowisser.com, please customize the filter, at least add Bitcoin (coin number = 1541 as seen above) to the filter.
The table header shows you three types of fee:
  • Taker
  • Maker
  • Withdrawal
You must choose the one you are interested in.

A bonus advice for you:
  • If you have time and serious care about fee, please take a look at Segwit support. If they support Segwit address and Segwit-transactions, you can have more convenience and save more fees.
  • Segwit address helps you to reduce transaction size (with same number of inputs and outputs) than Legacy address. Smaller size means less transaction fee.

Cryptowisser.com does not give you information for Segwit support but from filter and screening results with the site, you can manually check a few exchanges and choose one from them (Check their ToS, FAQ pages - search with Segwit as a keyword) or create trial account and check their details with their Deposit/ Withdrawal addresses.

You can get it from the table there: https://en.bitcoin.it/wiki/Segwit_support but at the end you must check it by yourself on exchanges with your real accounts.

Thanks for sharing this valuable information, I was also looking for such a tool. After checking a few crypto service comparison websites, I gave up looking for the perfect one. Maybe you have a suggestion for the trader who deposits/withdraws small funds frequently and looks for the lowest withdrawal fee exchange?

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November 15, 2020, 03:00:00 AM
 #15

Thanks for sharing this valuable information, I was also looking for such a tool.
You are welcome and I hope I actually helped you.

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After checking a few crypto service comparison websites, I gave up looking for the perfect one.
I rarely complicate things like that and I always decentralize my fund on different exchanges and I store main funds in non-custodial wallet, not on exchanges.

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Maybe you have a suggestion for the trader who deposits/withdraws small funds frequently and looks for the lowest withdrawal fee exchange?
I can not answer it for you. It depends on several factors:
  • How small or big your fund is? With big funds, fee is not actually a matter. If withdrawal fee in BTC is 0.0002 BTC and your fund is 1 BTC, it does not a big matter. In contrast, if the amount you want to withdraw is 0.002 BTC only, the fee eats up your withdrawal.
  • Which coin you use as tool for your withdrawal? If the fund is small, I would suggest you to go through this process with altcoins: Litecoin, Dogecoin or XRP. And if you want to withdraw USDT, there are some chains for you: OMNI layer, ERC-20, TRC-20 and honestly fee on TRC-20 chain is lovely low, almost zero.
  • I almost don't care about withdrawal fee because as said, I try to find good alternatives at specific moment. What I care is taker/ maker fees

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