I often trade crypto using fiat money or vice versa. In my country, there are local exchangers who provide transactions using local currency and deposit directly from a bank account without using a credit card. For personal data, I think that every exchanger is bound by regulations and they cannot carelessly spread information about their customers
Means it's almost the same as in my country, because in my country also has a local exchange that can deposit local currency directly into the exchange and can directly use it to transact within the exchange, if I may know which country you are from? 
Topic: Fiat-to-crypto - what's with the fees? - page 2. (Read 321 times)
I haven't tried buying crypto using fiat but I'm planning to do it next week. I would have a good amount of fiat and I'm planning to buy Bitcoin. However, I have noticed a 2% transaction fee and it's quite high for me. My friends advised me to buy BTC through our local banks. I guess fees are necessary as a service charge since they're offering a good service.
I often trade crypto using fiat money or vice versa. In my country, there are local exchangers who provide transactions using local currency and deposit directly from a bank account without using a credit card. For personal data, I think that every exchanger is bound by regulations and they cannot carelessly spread information about their customers
Thanks to bounty campaigns I do not have to buy crypto with fiat money. But I know that there is a big problem with high fees when you are buying crypto, especially with a credit card. But when you think about it, price is growing and you want to buy right now, right here you rather pay higher fees for the transaction than buying more expensive Bitcoin, right? Some people solves this problem by trading cryptocurrencies only, they buy a position not a cryptocurrency.
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
#1. I often buy crypto with fiat.
#2. I use my local exchange to buy the crypto, so when the price of the coin can increase in a short time, I can sell it, and it's automatically converted into my local fiat. The amount of fee is not too big to compare to the profit I made because if we talk about a 0.25% fee, that is not too big. The security and all of your question are good for me because I trade on the local exchange which I know where the office so if something wrong I can contact somebody to help me to get them.
I always try to be careful from the thief, but I cannot get 100% secure because the thief will always search a way to steal the customer data. And if that is related to the exchange I used, then I should know that they can be trusted, so I don't have to worry about anything.
I have several times bought crypto using FIAT. Very easy to buy it. I only need to make a deposit on the exchange with a free deposit fee, and when I want to buy bitcoin there is a fee for each transaction. it doesn't matter to me, as long as the purchase process runs smoothly.
I choose the exchange platform based on its popularity. Exchange like binance I am very interested because many are used by other people and the fees charged are in my opinion standard and the process is fast.
I choose the exchange platform based on its popularity. Exchange like binance I am very interested because many are used by other people and the fees charged are in my opinion standard and the process is fast.
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
#1 - I rarely buy crypto using fiat because it is more of a promotion and other event prizes that I can use for trading or anything else.Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
#2 - I chose a high volume platform and crowded with its community where the platform has a lot of features and good innovations for them there. Do not be afraid of the platforms that really already have offices in their country because it can be guaranteed safe. The affairs system could be in the hack because there is no system is safe.
Question #1 - how often do you buy crypto with fiat?
I don't usually buy crypto with fiat, because I don't want to invest too much in this market. This is a risky market and most likely we will suffer heavy losses. The majority of my cryptocurrencies come from bounty or aridrop sources, some from my profit on exchanges.Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
The first criterion for me to choose the platform is reputation, then speed and accompanying services. I will not choose platforms where supporters take too long to respond to customers. 
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Exchanging Crypto to fiat on most exchanges can be expensive and sometimes it takes an experienced user to exchange Crypto to fiat and vice versa.
For your question #1, I buy Crypto with fiat almost every day because I don't trust the telegram escrow groups I always prefer to my my Crypto with fiat to avoid stories with my funds.
For your #2, what I decide before choosing the exchange is the security of the exchange, I have been using Changelly for sometimes now. The services have been top-notch. Another thing I consider is the fee, speed and UI. When it comes to those, I think Atomic Wallet gives the best. So what I do now is, I use my card on the Atomic wallet to buy whatever Crypto I want to buy. The transaction is fast enough, and the transaction % is very minimal compared to others that I have used. The Atomic wallet is secured and trust me, your funds are guaranteed and safe.
If there is some financial services like in our country, you can buy bitcoin anytime. No exchanges fee needed to pay, and we can directly buy bitcoin, eth, xrp and even bch using fiat currency.
If there will be no such thing in your country, it's better to buy in exchanges and pay fees than to risk your money buying in telegram channel, even using escorw, if it was me, I won't risk my money.
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Exchanging Crypto to fiat on most exchanges can be expensive and sometimes it takes an experienced user to exchange Crypto to fiat and vice versa.
For your question #1, I buy Crypto with fiat almost every day because I don't trust the telegram escrow groups I always prefer to my my Crypto with fiat to avoid stories with my funds.
For your #2, what I decide before choosing the exchange is the security of the exchange, I have been using Changelly for sometimes now. The services have been top-notch. Another thing I consider is the fee, speed and UI. When it comes to those, I think Atomic Wallet gives the best. So what I do now is, I use my card on the Atomic wallet to buy whatever Crypto I want to buy. The transaction is fast enough, and the transaction % is very minimal compared to others that I have used. The Atomic wallet is secured and trust me, your funds are guaranteed and safe.
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
There are many exchanges right now that has an OTC offered exchange with this the fees are much less than the common way of buying bitcoinsOk, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
For the question #1 - i'm not not buying crypto with fiat. I started ways and luckily earned from bitcoins and other stuffs until now i'm not buying bitcoins or any altcoins using fiat.
Question #2 - First the platform should be known and trusted by its users or common way to exchange. all of your listed question is a must to have we want to exchange without any problems to experience that can delay our transaction .
Crypto to crypto is fairly easy, your comparing 2 coins/items in the same market which makes things pretty easy.
Crypto to fist is a different story, and I have no idea why you are being charged such fees, I've never paid 7 percent to cash out ever. Use localbitcoins - they only charge you 3 percent spreads for transactions, or try set up your own fees and pay nothing in fees, and possibly even make some money.
Crypto to fist is a different story, and I have no idea why you are being charged such fees, I've never paid 7 percent to cash out ever. Use localbitcoins - they only charge you 3 percent spreads for transactions, or try set up your own fees and pay nothing in fees, and possibly even make some money.
I once bought crypto with fiat, only once or twice not too often. In my country, to buy bitcoin is quite easy and the cost is not too expensive.
I did not really choose many criteria for the exchange, the important thing is safe and is a local exchange. Because it's definitely easier in the transaction and complaining and we are better able to understand according to our own language.
I did not really choose many criteria for the exchange, the important thing is safe and is a local exchange. Because it's definitely easier in the transaction and complaining and we are better able to understand according to our own language.
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
I am thankful that in my country there are local exchangers who can deposit using fiat money and are not charged. The fee will be charged only when we will buy crypto at the exchanger and this can be called a transaction fee and the rate is the same as the other exchanger
Question #1 - how often do you buy crypto with fiat?
i rarely to do this, especially when this bearish market coming. Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
The important one is security, i dont wanna lose my money. the others one is "bonuses"Aren't you afraid that your personal data may be stolen or sell somehow?
of course we are affraid of it. that's why i just give my data to trusted exchangealthough there is a chance to abuse, but it is a bit.
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Fees are for maintenance and taxes I guess. Exchanges varies depending on the function itself it could be either crypto to crypto, crypto to fiat and fiat to crypto. Usually the exchanger with low commission fees was designed for traders. Similary to stock exchange fees, traders used to buy shares or derivatives, so, the profit from it was in the continuously changing of rates.
Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
Why do not you look at the localbitcoin sites instead of paying high fee. Or if you know such a group of locals, you can trade with them without paying a fee. When I need BTC in a hurry and can not find it anywhere, I use exchange. I use CEX at this time, for that they charge 2.99% fee. When the interest of the banks is added, a bigger numbers emerges. Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Aren't you afraid that your personal data may be stolen or sell somehow?
I usually buy crypto in exchangers, or through a bot in a telegram. Sometimes I make transfers on the stock exchange, but I don't particularly like this method. I prefer to buy a crypt without intermediaries.
High fees because "banks" are involved. Most of the fee goes to the bank. The rest is kept by the exchange as a form of profit. Some sites truly does have insane/unreasonable amount of fee. Only few trusted sites are out there which provides fiat to crypto and crypto to fiat transactions. Thus they are in an advantage and is able to charge high amount of fee (and people have no other option but to use them). I guess as crypto currencies become more mainstream, the fee will gradually drop.
I use coinbase for fiat to crypto. Easy for me to use.
I use coinbase for fiat to crypto. Easy for me to use.
Question #1 - how often do you buy crypto with fiat?
Not that much this time because as we can see, the market starts to shape up and I don't think buying at this time is an ease for me. I always think before buying and that would be during the greatest dips comes.Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
Exchanges that I always use. I don't change the exchange that I use if I'm already comfortable to it. I think about the fees but if the support is great I think of it as an incentive.Aren't you afraid that your personal data may be stolen or sell somehow?
Everyone is afraid about this situation that's why as much as possible, we're avoiding KYC exchanges but if you really trust that exchange and you think that they can keep the record well that's not an issue for you and you make them as an exception. Jump to: