Bitcoin Forum
June 15, 2024, 10:51:29 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Lowest crypto transaction fees  (Read 364 times)
danglongbtc
Copper Member
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
December 15, 2020, 01:46:34 PM
 #21

If you looking to buy Bitcoins with the lowest transaction fees, it won't help. You will have to buy something that is les volatile in price and less transaction fees. For example, XLM or XRP. Send it to reputable exchange and convert it to BTC,ETH. I performed this one to get highest satoshi value for my fiat.
eminan (OP)
Newbie
*
Offline Offline

Activity: 17
Merit: 1


View Profile
December 19, 2020, 07:27:31 AM
 #22

So would Kraken, Binance, Coinbase Pro be considered secure and reputable sites to buy crypto?
...
The three exchanges you mentioned are, indeed, one of the most reputable and secure platforms. Security is a relative concept, though.
Centralized exchanges, usually, charge flat withdrawal fees and it's a bit higher than what most fee estimators would suggest.
My advice is to use a reputable exchange and pay higher fees than risking all your money with a new one just to save few bucks.
Using local cryptocurrency exchange for fiat to Crypto conversion is smart option because their fee is extremely small compared to these most reputed centralized exchange when it comes to fiat to Crypto and vice versa or better use p2p which may be available with KYC policy on LBC like sites and no KYC sites like Localcryptos.


So is fiat to crypto conversion on a p2p more safe/secure on a no KYC site like Localcryptos because it's anonymous or on a KYC site like LocalBitcoins? Both sites have good reviews on Trustpilot while Kraken and Coinbase have some pretty bad reviews.
Findingnemo
Hero Member
*****
Offline Offline

Activity: 2366
Merit: 792


Bitcoin = Financial freedom


View Profile
December 19, 2020, 05:53:54 PM
 #23

So is fiat to crypto conversion on a p2p more safe/secure on a no KYC site like Localcryptos because it's anonymous or on a KYC site like LocalBitcoins? Both sites have good reviews on Trustpilot while Kraken and Coinbase have some pretty bad reviews.
Trading on p2p with KYC and no KYC requirements has is pros and cons.

Localcryptos: even though there is no KYC required to register on the exchanges still most of the traders will demand one time verification of your nationality with any of your ID and also the prices are little premium while the volume is lesser compared to localbitcoin but it varies from which country fiat you are going to trade.

Localbitcoin: Different tier system can be chosen based on your annual trading volume and as I said the prices are far better with more trading volume.

But trading on p2p for fiat to crypto is not completely safe though, there are less chances for you to get scammed if you chooses bank transfer at the time of trading but still there will be problem rises if someone hacked someone's account and bought money from you which kind of issues rises only after 6 months or later after your trades.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
View ArchiveReport to moderator
RapTarX
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 850



View Profile
December 19, 2020, 06:30:11 PM
 #24

If you looking to buy Bitcoins with the lowest transaction fees, it won't help. You will have to buy something that is les volatile in price and less transaction fees. For example, XLM or XRP. Send it to reputable exchange and convert it to BTC,ETH. I performed this one to get highest satoshi value for my fiat.
OP is looking for cheapest exchange fees, not cheapest fees of crypto. Read the whole thread before you respond. And you are asking him to purchase XLM or XRP first, right? Wouldn't that charge fee? And how much will be the fee cost all together?

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!