Topic: How Do You Avoid High Fees When Exchanging Currency? - page 3. (Read 455 times)

Bitcoin transactions are quite expensive nowadays. It is better if you convert to another less expensive coin and then trade it for Bitcoin on another exchange.

So I'm totally new to this, I researched on some currencies and thought to myself that I should invest while they're at such a low price. I buy like 200$ worth of bitcoins. I pay 20$ worth of fees for the exchange (changelly). Then I download a wallet so I can exchange for other currencies, using Jaxx a.t.m. So when I swapped like 45$ worth of bitcoins to another currency, I had to pay 19$ worth of mining fees. I don't mind the swapping fee but the mining fee is ridiculous. Why am I paying almost the double just to buy a freaking currency? I feel very much scammazed. There are like 3-4 other currencies I want to buy as well, but at this rate I'm going to loose whatever I invested to begin with. What the heck is going on?

How do you guys avoid this? The mining fee rate was on low by the way. Just checked with other swaps, it's all the same. Whatever I swap there's a 0.00095 BTC mining fee, now that's huge for me considering what I swapped was only worth 0.00200 BTC. All the profit I'm making is going to some damn fees that according to most people are going back to the system. I mean don't the big companies own most of this system anyways? Also I can't buy other currencies other than bitcoin with Changelly, why?

"Help me obe one kanobi, you're my only hope."