there is no profit in small trades imao.
only those trading large amounts are the ones really profiting otherwise trades with $10 or less is just waste of time and money.
Topic: How to bypass exchange fees (Read 1412 times)
What type of wallet do you use ?As I know blockchain can change the fee to 0 but it takes more time to send to other wallet
Trade in exchanges that don't have fees.
Currently, with exchange fees in the 2-4% its difficult to make any profitable short sell because the price change needs to be 2-4+% in order to make profit. Coinbase just increased their fees from 1% to 1.5% which makes a big difference for margin trading. 1.5% fee when buying bitcoin, then another 1.5% fee converting it to USD for a total of 3%. Does anybody have any suggestions on how to make margin trades more effectively and not get reamed by exchange fees?
I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
First of all you cant bypass a exchange fee unless you change something on the script or hack the website I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
First Of all Bro You are Talking About Wrong Fee Because a Exchange Doesn't Charge That Much Fee But You Can Try Out Localbitcoins.com Because it has a Low Fee of 0.2% Per Trade......
Currently, with exchange fees in the 2-4% its difficult to make any profitable short sell because the price change needs to be 2-4+% in order to make profit. Coinbase just increased their fees from 1% to 1.5% which makes a big difference for margin trading. 1.5% fee when buying bitcoin, then another 1.5% fee converting it to USD for a total of 3%. Does anybody have any suggestions on how to make margin trades more effectively and not get reamed by exchange fees?
I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
Don't trade in online wallet use trading sites if you want to trade bitcoin or other altcoin or currency many exchanger is open and find trusted exchange like, c-cex,bitrex,polonex etc. I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
Quite a few exchanges regularly have zero fee offers. Bitstamp did it a while and I think BTC-e are doing it until the end of August. If you're doing margin though there are always going to be bigger fees as positions have to be financed. Why not look at the Chinese exchanges?
Theres no way to bypass, you just need to close your open trades when you have enough profit to cover up for the fees
only you need to check whether they have a history of hacked/stolen/... and for the new exchane is not include.
No Bro The Fees You are Talking About Is Very High I Personally Trading On Localbitcoins and they Don't Charge me This Percentage of Fees. They are Charging me Between 0.2%-0.4% Fees For Every Trade.....
trade futures at Bitmex or Okcoin.com
@mindrust fees are 2-4% to convert from one currency to another, I think some exchanges charge 0.2-0.4% PER TRANSACTION which is insane and goes against the purpose of bitcoin imo.
Bro OP is talking about margin trading and fees for margin trading is always high in all exchanger i do margin trading in poloniex and they have 2% fee which is quite huge because most of those assets/coins in margin trading don't move like 5% in a day or even in a week other than ETH 
Currently, with exchange fees in the 2-4% its difficult to make any profitable short sell because the price change needs to be 2-4+% in order to make profit. Coinbase just increased their fees from 1% to 1.5% which makes a big difference for margin trading. 1.5% fee when buying bitcoin, then another 1.5% fee converting it to USD for a total of 3%. Does anybody have any suggestions on how to make margin trades more effectively and not get reamed by exchange fees?
I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
If you feel you the fees is very weight for your I can assuming you just trading with a little amount and that is not good. from your title to bypass exchange fees is not possible but maybe if you wanna making your own exchange site maybe you will no get a fee for your activities or transaction. I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
if you really worry about those fees then i have a solution for you. why dont you try exchanging your bits in this forum ? you will get many trusted people in this forum who do 1:1 deals. you should make a thread in the currency exchange section and just wait for the right offer by a trusted person. just my 2 cents!
It's the cost of doing business, get used to it. Ever try selling something on eBay? Those are some outrageous fees.
@mindrust fees are 2-4% to convert from one currency to another, I think some exchanges charge 0.2-0.4% PER TRANSACTION which is insane and goes against the purpose of bitcoin imo.
converting from one currency to another like from BTC to USD which is called exchanging on regular exchanges has a fee of 0.1%-0.5% and you can see that on their FAQ or Terms and Services pages like this: https://btc-e.com/page/1 and https://www.kraken.com/help/fees
Maybe I didn't search about this matter before , because I prefer to trade altcoins instead of BTC / USD , but yesterday I read a thread in service section about BTC-E 5th anniversary , they have reduced the trading fee to 0% , so you can trade BTC / USD and all other pairs without fee , this offer is valid until the end of August , this is their thread : https://bitcointalksearch.org/topic/btc-ecom-were-celebrating-our-5th-anniversary-1577567
Currently, with exchange fees in the 2-4% its difficult to make any profitable short sell because the price change needs to be 2-4+% in order to make profit. Coinbase just increased their fees from 1% to 1.5% which makes a big difference for margin trading. 1.5% fee when buying bitcoin, then another 1.5% fee converting it to USD for a total of 3%. Does anybody have any suggestions on how to make margin trades more effectively and not get reamed by exchange fees?
I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
When you buy bitcoins at Coinbase, you are not buying at an exchange. You are buying coins from Coinbase, and they charge you a 1.5% premium for the convenience.
If you want to trade, set up an account at an exchange such as Gemini, or GDAX (run by Coinbase), or Bitstamp, or BTC-e, or Bitfinex (lol). The fees for buying and selling at an exchange are much lower than 1.5%.
@mindrust fees are 2-4% to convert from one currency to another, I think some exchanges charge 0.2-0.4% PER TRANSACTION which is insane and goes against the purpose of bitcoin imo.
Currently, with exchange fees in the 2-4% its difficult to make any profitable short sell because the price change needs to be 2-4+% in order to make profit. Coinbase just increased their fees from 1% to 1.5% which makes a big difference for margin trading. 1.5% fee when buying bitcoin, then another 1.5% fee converting it to USD for a total of 3%. Does anybody have any suggestions on how to make margin trades more effectively and not get reamed by exchange fees?
I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
In my opinion if you wanna trade for short time/ sell with margin trading, i you must have much capital for it and if you are not the fees will become problem. But it is just my opinion and i don't trade on coinbase, i just trade on poloniex. Thank you very much I tried playing different exchanges off each other, but in the end, when taking into consideration the fee differences, its about a wash.
Thank you very much!
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