Best exchange with lowest fees to sell BTC

pugman

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Quote from: DeadCoin on March 19, 2021, 03:01:34 AM

Have you tried these?
https://cex.io/
https://global.bittrex.com/

But I like the suggested above, binance fo now is a very common trading exchange that has a low fee. I think they are reliable when it comes to fees.
For the alternate solution, used altcoin upon withdrawal because they had a low fee that supported your local exchange. TRON, XRP, or even BNB.

Do NOT try these. While they aren't scam exchanges, they will block your account if you don't provide kyc details.

Same for binance, you need kyc for p2p trading.

If you don't mind giving your personal details, here are a couple of exchanges: Binance, coinbase and localbitcoins. Do I suggest you to use these? Absolutely not, not for localbitcoins anyway.

However, I do suggest you these exchanges that are NON-kyc and also peer-to-peer: localcrytpos, bisq, hodlhodl. These are the 3 best non-kyc exchanges that won't block your account. Also you have control of funds. So!!!!

Also have a look at this: https://kycnot.me/

And this: Help: A list of LocalBitcoin alternatives (P2P marketplaces)

JeromeTash

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Heisenberg

Quote from: dazz. on March 19, 2021, 01:38:13 AM

What would you recommend as an alternative that is safe and has low fees, please?
Thanks

I think the best option if you're selling BTC for fiat at the lowest fees is to use Binance or Kucoin P2P exchange if you don't mind undergoing KYC verification.
I have used Binance P2P and zero fees are charged if you use the platform to exchange BTC to Fiat or Euro for your case. All you have to worry about are the rates at which traders are buying the BTC.

1. Binance P2P - https://c2c.binance.com/en/trade/sell/BTC
2. Kucoin P2P - https://www.kucoin.com/otc/sell/BTC-EUR

Findingnemo

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Quote from: dazz. on March 19, 2021, 02:51:16 AM

Quote from: joniboini on March 19, 2021, 02:28:11 AM

According to https://www.kraken.com/features/fee-schedule, that 1.5% is for their instant trade services. If you use the spot trading platform, the fee is lower than that (if I understood it correctly). Most exchanges do this btw, you pay a premium if you use any instant trade services since it doesn't go to the order book, which is probably good for a trade with a huge volume.

You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.

I'll need to figure out what a spot trading platform is. Yes, I'm totally clueless. This is the first time I sell BTC for FIAT. Thanks for the tip.

Spot trading platform is the traditional trading platform where you can create your order at your desired price when the price match with someone's buying order the order will be executed then you can transfer the funds to you wallet or to bank.

Binance itself a spot trading platform where you can trade at the lowest possible fee which is 0.1 and you also will get further discounts on the fee when you are having BNB in your exchange's wallet.

DeadCoin

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★ Investor | Trader | Promoter

Have you tried these?
https://cex.io/
https://global.bittrex.com/

But I like the suggested above, binance fo now is a very common trading exchange that has a low fee. I think they are reliable when it comes to fees.
For the alternate solution, used altcoin upon withdrawal because they had a low fee that supported your local exchange. TRON, XRP, or even BNB.

cryptocointrade.com

jr. member

Activity: 87

Merit: 7

Binance has the lowest fees

1.5% is very high for Kraken.

Binance fees are 0.1% for a spot trade. Both for maker and taker.

Also, remember to check the exchange rate. I see some people do recommend peer-to-peer exchanges and they might offer a good fee rate but the exchange rates are usually very bad since the liquidity is very low.

If you are about to withdraw your EUR to another bank you should also check the withdrawal fees (Also, Binance has very low withdrawal fees 0.02%)

You can check exchange rates if you go to Coinmarketcap, Search for your coin, Click on the markets tab (unfortunately peer-to-peer are not listed here)

You can get even lower fees on Binance if you use a referral ID that will give you -20%. Here is such a referral ID: Q06V9V1I

dazz.

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Quote from: mk4 on March 19, 2021, 01:48:05 AM

Hodlhodl[1] has a 0.6% fee, which is pretty low enough. It's a peer-to-peer exchange though, so watch out for scammers and all that, and just pick the BTC buy/sell price you're happy with. It's not as easy to use as exchanges such as Coinbase and Kraken, but the reason why exchanges like Coinbase and Kraken have kinda high fees is because they're so easy to use and that the liquidity is pretty high(which is a good thing).

[1] https://hodlhodl.com/pages/faq

I'd rather play it extra safe, but thanks for the suggestion. I may explore it in the future though.

Quote from: joniboini on March 19, 2021, 02:28:11 AM

According to https://www.kraken.com/features/fee-schedule, that 1.5% is for their instant trade services. If you use the spot trading platform, the fee is lower than that (if I understood it correctly). Most exchanges do this btw, you pay a premium if you use any instant trade services since it doesn't go to the order book, which is probably good for a trade with a huge volume.

You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.

I'll need to figure out what a spot trading platform is. Yes, I'm totally clueless. This is the first time I sell BTC for FIAT. Thanks for the tip.

Quote from: cryptocointrade.com on March 19, 2021, 02:38:52 AM

Binance has the lowest fees

1.5% is very high for Kraken.

Binance fees are 0.1% for a spot trade. Both for maker and taker.

Also, remember to check the exchange rate. I see some people do recommend peer-to-peer exchanges and they might offer a good fee rate but the exchange rates are usually very bad since the liquidity is very low.

If you are about to withdraw your EUR to another bank you should also check the withdrawal fees (Also, Binance has very low withdrawal fees 0.02%)

You can check exchange rates if you go to Coinmarketcap, Search for your coin, Click on the markets tab (unfortunately peer-to-peer are not listed here)

You can get even lower fees on Binance if you use a referral ID that will give you -20%. Here is such a referral ID: Q06V9V1I

Thanks to you too. I will check them out.

joniboini

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According to https://www.kraken.com/features/fee-schedule, that 1.5% is for their instant trade services. If you use the spot trading platform, the fee is lower than that (if I understood it correctly). Most exchanges do this btw, you pay a premium if you use any instant trade services since it doesn't go to the order book, which is probably good for a trade with a huge volume.

You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.

mk4

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Hodlhodl[1] has a 0.6% fee, which is pretty low enough. It's a peer-to-peer exchange though, so watch out for scammers and all that, and just pick the BTC buy/sell price you're happy with. It's not as easy to use as exchanges such as Coinbase and Kraken, but the reason why exchanges like Coinbase and Kraken have kinda high fees is because they're so easy to use and that the liquidity is pretty high(which is a good thing).

[1] https://hodlhodl.com/pages/faq

dazz.

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Sorry if this is a stupid question. I did some googling and registered in Kraken to sell some BTC yesterday seeing that people where recommending it, but they charged me what seems like a bit too high of a fee for exchanging BTC to EUR, a 1.5% or something like that.

What would you recommend as an alternative that is safe and has low fees, please?
Thanks

Topic: Best exchange with lowest fees to sell BTC (Read 86 times)