Comparing exchanges for small BTC trades in Europe

[alani123]

I'm constantly trying to find what's the most convenient exchange to use as a small time trader in Europe.
The criteria that are important for the everyday use case are small fees for trading and if possible non existent withdrawal fees for EUR.
 
Big plus also if the exchange supports withdrawals and deposits for BTC with several methods so high fees at times of congestion can be avoided. Our goal here is to use the exchange as an on/off ramp for EUR/BTC. Lack of decentralisation and privacy are sacrificed we have to make here since we're dealing with EUR in the bank.

Here's my assessment:

Coinbase:
Recently raised fees to up to 1.2% for small-time traders. They have 0 withdrawal fees for instant bank transfers and plenty of methods to deposit BTC but the fees are way too high.

Kraken:
0.4% tasker fee isn't terrible but they recently started charging 1€ per withdrawal. So for small trades it can be more expensive than coinbase.

Binance:
Fees are the lowest. 0.1% base fee plus can be even lower with a referral discount and BNB discounts. Withdrawal fees for EUR are also 1€.

Bitstsmp:
0.4% taker fee but a 3€ withdrawal fee. Damn they really screwed us after being bought out.

Bitvavo:
In my opinion the most affordable because they charge only 0.25% fees and no withdrawal fee at all.

This post makes several assumptions. If you want to trade large amounts you should go straight for the lowest fees and forget withdrawal fees. I didn't include other exchanges because not many have good volumes on EUR.

Just a small post with my experiences as someone who does small trades in BTC regularly. Feel free to share your thoughts

[logfiles]

Not trying to shill or campaign for MEXC, but you might want to try to check their fees as well and see if they are fair. They claim to have the lowest withdrawal fees for many coins and I have personally used them to withdraw BTC

I can't surely tell if the lower fees cut accross all coins but you may fund out

[alani123]

 

Not trying to shill or campaign for MEXC, but you might want to try to check their fees as well and see if they are fair. They claim to have the lowest withdrawal fees for many coins and I have personally used them to withdraw BTC

I can't surely tell if the lower fees cut accross all coins but you may fund out

I tried to look into MEXC markets for EUR/BTC and based on coinmarketcap their volumes for this specific market are only around 1m EUR per day. This is not great. Sadly there aren't many EUR markets so sometimes even some otherwise decent exchanges don't have good liquidity. I avoid crypto.com and gemini.com for these reasons. These exchanges focus on other stuff and probably decided it's not even worth it to have an EUR market maker. Which has lead to low volumes.

[rat03gopoh]

Check out Bitflyer; they claim to offer 0% maker/taker fees for less than 50,000 EUR in the past 30 day volume(but I don't quite understand their lightning spot feature, which charges 0.1%).

They charge 0.3 EUR for withdrawals via SEPA. https://bitflyer.com/en-eu/commission

[alani123]

Check out Bitflyer; they claim to offer 0% maker/taker fees for less than 50,000 EUR in the past 30 day volume(but I don't quite understand their lightning spot feature, which charges 0.1%).

They charge 0.3 EUR for withdrawals via SEPA. https://bitflyer.com/en-eu/commission

It seems like bitflyer has a pretty decent offering for EUR traders which may be attractive enough to bring in more people.
I just see that currently their volumes for EUR BTC are quite low which is an issue. Also the BTC withdrawal fee seems a bit high although for cashing out BTC it's more than decent to pay 0.3 EUR per withdrawal.

[noorman0]

I checked other exchanges besides the ones mentioned here, and the main issue is low trading volume. USD stablecoins have indeed dominated the trading volume on all existing global exchanges.
I think EUR pairs are traded more on instant exchangers, but I don't know.