calculate bitcoin fee | Bitcointalksearch.org

jrrsparkles

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Quote from: aminhadi2020 on May 19, 2021, 07:43:51 AM

Hello
which scenario is the best for change $ to bitcoin base on bitcoin network fee?

buy usdt and change it to bitcoin on binance and send amount to my wallet
or
but bitcoin from exchange and send to my wallet ?

which one is the cheaper way ?

also how can i calculate bitcoin fee to know it before my transaction ?

Bitcoin network fee aka transaction fee depends on the mempool size so no matter which exchange you are using, the fee is not going to be static on the network but most exchanges has fixed fee which is called withdrawal fee and some exchange charges withdrawal fee + network fee while withdrawing our coins. Comparatively binance has the cheapest withdrawal fee even though it maybe a lot higher than actual network fee.

So if you want to avoid paying huge fee then just use p2p more of trading.

Ararbermas

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Quote from: aminhadi2020 on May 19, 2021, 07:43:51 AM

Hello
which scenario is the best for change $ to bitcoin base on bitcoin network fee?

buy usdt and change it to bitcoin on binance and send amount to my wallet
or
but bitcoin from exchange and send to my wallet ?

which one is the cheaper way ?

also how can i calculate bitcoin fee to know it before my transaction ?

if its usdt then i suggest to swap it to tron/trc20 or xrp wherein has a very acceptable fees on this moment especially when it comes making transaction, it's base also on my experience .. However if there's have no wallet such features available in your wallet then you have no choice because you can't make the same way. Make research instead what's available in your country in order for you to swap your money and to avail such low fees when it comes making transactions especially tranfering to another wallet..

SquirrelJulietGarden

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Quote from: aminhadi2020 on May 19, 2021, 07:43:51 AM

which one is the cheaper way ?

Exchanges charge you a fix withdrawal fee according to their fee schedule. If they don't waive withdrawal fee, they charge a fixed fee as said. Fixed fee means they don't care what is going on the network of Bitcoin.

Mempool is nearly empty, apply that withdrawal fee.
Mempool is heavy, apply the same withdrawal fee.

With non custodial wallets, Bitcoin Core, Electrum wallets for examples, you can choose a best fee rate for your transactions. It will give you cheaper transaction fee than exchanges.

Transaction fees: send or wait. Usually, if 2 to 4 hours as waiting time is not a big issue with you, you will get cheaper fee for your transactions.
[BETA] BTC Mempool Fees Extension/add-on for Firefox/Chrome browser
Bitcoin Transaction Size Calculators
Make sure to avoid wasting BTC for too high fees – step by step guide (Electrum)]

o_e_l_e_o

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Quote from: aminhadi2020 on May 19, 2021, 02:05:02 PM

question is the fee that i will pay to change Real $ to wallet, this way has a lot of scenario and fee

Well, this depends on the exchange you are going to use to do it. Each exchange has their own fee structure depending on which type of fiat you are using and how you are depositing it to your account.

Since you mentioned USD and Binance, let's take a look at their fee structure here: https://www.binance.us/en/fee/schedule (note the "Trading Fee" and "Deposit & Withdrawal Fees" tabs at the top)

If you do an ACH transfer, you can deposit USD for free. If you do a wire transfer, you will be charged a flat fee of $15. If you buy with a debit card, you will be charged 4.5% of your deposit. The base trading fee on Binance is 0.1% for both maker and taker orders, and then the withdrawal fee for bitcoin is 0.0005 BTC. So if you transferred $5,000 via ACH and bought bitcoin at $40,000, you would be charged a 0.1% fee meaning you would end up with 0.124875 bitcoin. You would then be charged the withdrawal fee to move the bitcoin to your own wallet, so would end up with 0.124375 BTC.

Luzin

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Quote from: aminhadi2020 on May 19, 2021, 02:05:02 PM

mm because when i buy USDT and change to BTC, i can buy btc (maybe) cheaper than exchange, like tdoday that btc comes from 50 to 29600.question is the fee that i will pay to change Real $ to wallet, this way has a lot of scenario and fee

I am a little unsure as to what you mean real $, whether it's like fiat or paper money. If you mean that you want to buy BTC with dollars from fiat money at the bank, then there are several money exchange service providers, maybe you can take advantage of it.

In my area and this forum, many trusted money exchanger service providers. Regarding the Fee, if you make a deposit like my experience, there is no discount you will get according to your money. Sorry if I was wrong.

pooya87

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Quote from: aminhadi2020 on May 19, 2021, 02:05:02 PM

mm because when i buy USDT and change to BTC, i can buy btc (maybe) cheaper than exchange, like tdoday that btc comes from 50 to 29600.question is the fee that i will pay to change Real $ to wallet, this way has a lot of scenario and fee

Since price of USDT/USD is almost always $1 there is no difference between price of BTC/USD and BTC/USDT so there is no reason to change your fiat (like USD) to Tether (ie. USDT) then convert that to bitcoin. Just do it directly.
Even if you are using another fiat instead of US dollar, since the exchange rates are the same the scenario will be the same as explained above.

aminhadi2020

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Quote from: o_e_l_e_o on May 19, 2021, 10:41:42 AM

In your first scenario you will have fees to buy USDT, transfer USDT, exchange for BTC, and to withdraw BTC. In your second scenario you will have the same fee to buy and withdraw BTC, but you will avoid the first two fees. I'm not sure why you would think adding in an additional USDT trade would be cheaper for fees.

Quote from: aminhadi2020 on May 19, 2021, 07:43:51 AM

also how can i calculate bitcoin fee to know it before my transaction ?

The easiest way is going to be using this site: https://mempool.space/. Simply decide whether you want to pay the low, medium, or high priority fee and key it in appropriately. A more accurate but more complicated method is to use this site instead: https://jochen-hoenicke.de/queue/#BTC,8h,weight. You will need to decide where in the mempol and how close to the tip of the graph you would like your transaction to be.

mm because when i buy USDT and change to BTC, i can buy btc (maybe) cheaper than exchange, like tdoday that btc comes from 50 to 29600.question is the fee that i will pay to change Real $ to wallet, this way has a lot of scenario and fee

Yogee

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Quote from: aminhadi2020 on May 19, 2021, 07:43:51 AM

...also how can i calculate bitcoin fee to know it before my transaction ?

Are you asking about the fee that Binance will charge you for withdrawing bitcoin? You can find the schedule at https://www.binance.com/en/fee/depositFee if that's the case. They are giving options which network to choose from if users want to save on feess. They charge BTC0.0005 for native Bitcoin network and less if using wrapped BTC on Binance chain. Please note that a wrapped bitcoin is a token and not a coin.

o_e_l_e_o

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In your first scenario you will have fees to buy USDT, transfer USDT, exchange for BTC, and to withdraw BTC. In your second scenario you will have the same fee to buy and withdraw BTC, but you will avoid the first two fees. I'm not sure why you would think adding in an additional USDT trade would be cheaper for fees.

Quote from: aminhadi2020 on May 19, 2021, 07:43:51 AM

also how can i calculate bitcoin fee to know it before my transaction ?

The easiest way is going to be using this site: https://mempool.space/. Simply decide whether you want to pay the low, medium, or high priority fee and key it in appropriately. A more accurate but more complicated method is to use this site instead: https://jochen-hoenicke.de/queue/#BTC,8h,weight. You will need to decide where in the mempol and how close to the tip of the graph you would like your transaction to be.

aminhadi2020

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Hello
which scenario is the best for change $ to bitcoin base on bitcoin network fee?

buy usdt and change it to bitcoin on binance and send amount to my wallet
or
but bitcoin from exchange and send to my wallet ?

which one is the cheaper way ?

also how can i calculate bitcoin fee to know it before my transaction ?

Topic: calculate bitcoin fee (Read 214 times)