best exchange to buy AND sell - page 2.

Slow death

legendary

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Most people have already commented on the question you asked about commission, I'll just make a few comments about this:

Quote from: custard_pudding on August 13, 2019, 06:30:21 PM

If I buy a bitcoin a bitcoin for 10000 dollars, and sell for 10200
Obviously I have gained 200 Usd.

It is not so simple to buy $10,000 and sell for $10,200 and make $200 profit. Let's take yesterday's example.

Yesterday the price was $11300 and then dropped to $ 10900 ... imagine if you bought $10900 why would you think the price was too low? Today the price is $10400. If you will enter this crypto market? so I suggest you read the very news and learn technical analysis and fundamental analysis

michellee

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For the profit $200, I won't bother with the exchange commission or the fee because the exchanges fee is not too big depends on our profit. So I think you should accept the fee so you can withdraw the money to your wallet and you can choose any recommended exchange website and I am sure that you can do that in binance, bittrex, poloniex, kucoin and else.

But maybe for every exchange I mention, you will need KYC before you can withdraw the money except binance which you can withdraw even if you don't complete the KYC, but you get a limit on the withdrawal.

adaseb

legendary

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Well if you are buying Bitcoin at $10000 and selling for 2% profit at $10200, then you are mostly trading. If so you should just use a futures derivates exchange like Bitmex. If you use limit orders then they actually pay you the trading fees, and if you do a maker trade then its only 0.075%, its the lowest in the industry.

However this assumes you already own Bitcoin because on Bitmex you can only deposit and withdraw bitcoins and not fiat. If you are only fiat now, then you need to register with some exchange and do KYC and after you buy the bitcoins you can send it to a futures exchange and trade with it.

Herbert2020

legendary

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commission must always be the last thing you look for in an exchange. the first and most important thing to ask is security and reliability of the platform that you plan on putting your money in and leave it there for some time (during which you trade).
then you have to see if you are OK with their terms of services and if they even accept your methods of fiat payment or not.
also i see others are suggesting a bunch of exchanges like Binance, bittrex,... that don't even have a fiat market. and if you plan on trading bitcoin with fiat (like USD) then you can't even use those.

pinkpanther03

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Quote from: custard_pudding on August 13, 2019, 06:30:21 PM

If I buy a bitcoin a bitcoin for 10000 dollars, and sell for 10200
Obviously I have gained 200 Usd.
But then out of the gain I must pay commision, if this has happened what exchange would have been least commision?

The exchange on which I had been using it now was Kucoin, Idax, Bitforex, Coinbene, and Binance.
Those are the exchange were most of my altcoins are scattered to their platform. Though, their charge or fee
for every transaction is not an issue to me for what important was I can get profit in it.

mandor

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so far Binance is the lowest place in terms of costs and many people trade on Binance, as the members have said here and I also think so if Binance is a place to avoid high costs in trading. I personally often use the Binance or HitBtC exchange because it has a small fee.

setialovers

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Quote from: custard_pudding on August 13, 2019, 06:30:21 PM

If I buy a bitcoin a bitcoin for 10000 dollars, and sell for 10200
Obviously I have gained 200 Usd.
But then out of the gain I must pay commision, if this has happened what exchange would have been least commision?

In my opinion, the important factor is not only transaction fees but also the gap between buy orders and sell orders. If the gap is not too large and the transaction volume is large, I think the exchanger is a good exchanger. In my opinion binance can be a good choice at this time because of the large transaction volume and also relatively small transaction fees

timerland

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Quote from: nydiacaskey01 on August 13, 2019, 07:23:39 PM

Quote from: custard_pudding on August 13, 2019, 07:01:09 PM

nydiacaskey01 I am not using anything other than Usd, do you know which exchange which I would gain most Usd?

I guess that would be Binance because they have the lowest trading fees. Check the trading fees below from other exchange sites aside from Binance

Binance 0.1% much lower if you use BNB token to pay for the fees.
Bittrex 0.25%
HitBTC 0.1%
Coinbase $2.99 transactions up to $200 USD and 1.49% for transactions over $201 USD
Poloniex 0.20%

Binance will obviously have the lowest fees, especially if you have BNB to even lessen their fees.

The problem is though, there have been recent hacks of the exchange and KYC information has been leaked. If you are trading crypto to crypto, it's fine because you aren't asked to do KYC, but if you are trading fiat currencies, you'll be forced to complete KYC.

Link to article - http://www.futuresmag.com/2019/08/13/hacker-released-10000-kyc-profiles-binance-customers-coindesk-reports

I'd personally recommend setting up ads on Localbitcoins/Paxful or other P2P trading sites. You will have a decent budget and will be able to trade the spreads, or if you aren't bothered, setting up your own ad usually means you can sell BTC for more then what it's worth, but it'll just take more time.

samcrypto

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Quote from: nydiacaskey01 on August 13, 2019, 07:23:39 PM

Quote from: custard_pudding on August 13, 2019, 07:01:09 PM

nydiacaskey01 I am not using anything other than Usd, do you know which exchange which I would gain most Usd?

I guess that would be Binance because they have the lowest trading fees. Check the trading fees below from other exchange sites aside from Binance

Binance 0.1% much lower if you use BNB token to pay for the fees.
Bittrex 0.25%
HitBTC 0.1%
Coinbase $2.99 transactions up to $200 USD and 1.49% for transactions over $201 USD
Poloniex 0.20%

Aside from having a lower fees on Binance, its the top exchange and you don't need to fill-up any KYC form as long as its below 2btc. Don't worry about the fees because your profit of $200 will not hurt that much as long as you do it in a whole. Best exchange will depend on your criteria, because binance is not allowed to US so this might be not good for you to use it, then its time for you to find the exchange that is available on the place where you live.

nydiacaskey01

legendary

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Quote from: custard_pudding on August 13, 2019, 07:01:09 PM

nydiacaskey01 I am not using anything other than Usd, do you know which exchange which I would gain most Usd?

I guess that would be Binance because they have the lowest trading fees. Check the trading fees below from other exchange sites aside from Binance

Binance 0.1% much lower if you use BNB token to pay for the fees.
Bittrex 0.25%
HitBTC 0.1%
Coinbase $2.99 transactions up to $200 USD and 1.49% for transactions over $201 USD
Poloniex 0.20%

custard_pudding

newbie

Activity: 28

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nydiacaskey01 I am not using anything other than Usd, do you know which exchange which I would gain most Usd?

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: custard_pudding on August 13, 2019, 06:30:21 PM

If I buy a bitcoin a bitcoin for 10000 dollars, and sell for 10200
Obviously I have gained 200 Usd.
But then out of the gain I must pay commision, if this has happened what exchange would have been least commision?

It depends on what exchange you are going to use but so far Binance is the lowest in terms of fees and specially if you use BNB token to pay for the fees that will be 50% off from the regular fees that pay. Bittrex offers 0.25% fees on every trade and that is a flat fee compared to Binance which is only 0.1%.

custard_pudding

newbie

Activity: 28

Merit: 2

If I buy a bitcoin a bitcoin for 10000 dollars, and sell for 10200
Obviously I have gained 200 Usd.
But then out of the gain I must pay commision, if this has happened what exchange would have been least commision?

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