How to minimise the trading fee? - page 2.

Cherylstar86

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Quote from: moynul2050 on April 03, 2019, 12:27:54 PM

Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

doesn't every exchanger determine the usual difference?
I really agree with the strategy you gave, I will try it. thank you for the good advice.

In trading we are aware about the fees but it is not about minimizing the fee we paid of, it is all about the strategy and being responsible of making big profits. Moreover, we have to embrace the fee of trading as it is part of being liable to pay back what we got on trading.

cryptocointrade.com

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Quote from: yzha7982 on March 25, 2019, 09:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

I would check Binance. They have the lowest fees and good reputation in the community. Otherwise, check Bitfinex.

Read more about crypto trading platforms with low fees

Viscore

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Quote from: moynul2050 on April 03, 2019, 12:27:54 PM

Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

doesn't every exchanger determine the usual difference?
I really agree with the strategy you gave, I will try it. thank you for the good advice.

That is very cheap if you are talking about withdrawal, I thought we are talking about trading fees here.
Anyway, since we all cash out in the end, we need to save at least some so we can maximize our income, but if you cash doge, how can you covert that to fiat?

moynul2050

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Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

doesn't every exchanger determine the usual difference?
I really agree with the strategy you gave, I will try it. thank you for the good advice.

Tungsten-1

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Quote from: Viscore on April 02, 2019, 06:04:36 AM

Quote from: gabmen on April 02, 2019, 03:50:30 AM

Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

Well the fees aren't really that expensive now so for me i don't think there's a reason to go through all that process just to have a reduced transaction fee. It's not that big of a difference anyway.

If you are a real trader, you should embrace that fee, it's part of what we have to pay as a trader.
What matter is we will make profit, no matter how small the fee is but if we cannot be consistent with our price prediction, our future is very unclear with that.

You are right that If we are trading we will have to pay the fees as every investment charges something, but the fees is about your site that you are using, some are charging high and some are low, but having minimum is not possible because for safe and fast trading we should be always ready to follow the market and pay our fees as profit is much bigger than the fees we are paying.

bitgolden

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Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

0.3% is way too cheap for someone to still be looking for cheaper trading fee again, any good trader will at least make up to 5% on every of his trade which finding 0.3% too difficult to pay will mean the person must be a very stingy one.

These exchanges also needs to have gains and maintain their platform which I do not think that this fee is that much to be charged, and the doge you mentioned, I don’t understand the correlation to selling coins for doge, I would not do such thing for a coin that I don’t see any much future in it because of low fee.

r1a2y3m4

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Quote from: yzha7982 on March 25, 2019, 09:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

You should be trying opening an account in Binance and stack your currency in there. Binance is the most trusted exchange and this is where many people trade. Based on my experience, having funds in exchanges are safe but there were a lot of people in here saying that stacking your money in there is not. If you will follow them, you should know first if the currency you want to stack in is a ERC20 tokens or not. If they are, then you can just stack them at myetherwallet.com just be careful on your private key.

Whosdaddy

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Quote from: apityeh71 on March 31, 2019, 10:52:39 PM

Huobi Australia exchange is one of the good exchange that comply AML , they also listed many good coin and has high trading volume. For trading fee, we can not minimize it because that fee already standar of the exchanges.

I learnt recently too that Huobi is also doing very well is doing very well and especially in china and china would prefer to deal with Huobi to any other exchanges, I guess this monopoly they have over china is what has made their trading fee still quite not minimal because I can vouch that trading fee on Binance is far lower than Huobi, not for the fact that they are the best and the most popular exchange but because they do put lots of their trader into consideration and that is why they made their trading fee, as it is till now, I think their trading fee is the lowest for now except there is another exchange I am not fully aware of.

mralbi

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i can offer very low rates (below kraken) for people paying invoices/bills. (SEPA)

Viscore

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Quote from: gabmen on April 02, 2019, 03:50:30 AM

Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

Well the fees aren't really that expensive now so for me i don't think there's a reason to go through all that process just to have a reduced transaction fee. It's not that big of a difference anyway.

If you are a real trader, you should embrace that fee, it's part of what we have to pay as a trader.
What matter is we will make profit, no matter how small the fee is but if we cannot be consistent with our price prediction, our future is very unclear with that.

gabmen

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Quote from: dmty.0809 on April 01, 2019, 11:30:01 PM

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

Well the fees aren't really that expensive now so for me i don't think there's a reason to go through all that process just to have a reduced transaction fee. It's not that big of a difference anyway.

Harlot

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With all the reputable exchanges being highly competitive you don't need to worry about their fees anymore as they are similar to each other. The only way to outweigh the cost in your trade is by having a substantial amount to trade in, meaning you should have bigger capital in which chances are you will also have a bigger gain depending on your trade. This works as all the people have done it in the stock market before as they realize that if your gain offsets the cost of the trading fees wouldn't even be noticeable for their part.

dmty.0809

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All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

whirlcoin

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Quote from: yzha7982 on March 25, 2019, 09:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

I think it will be manageable in sometime but it depends on the demand and the situation we cannot change anything against the situation especially in sometimes it will be more expensive to trade and give the fees for that but we cannot do against them but one thing is we need to hold on and make the decision after sometime I will give the Managing profit.

cryptoblue77

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If you are looking for low trading fees then Binance would be the best for you. It is well-reputed exchange out there for some time. Use BNB coin to pay fees you will get 50% fees discount.

moynul2050

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of course each exchanger provides different costs, and it is actually not related to security, they affect the speed of the transaction that you do.

Noa_Amable

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Quote from: yzha7982 on March 25, 2019, 09:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

the more active trades are done - the more suitable spread is. some exhanges offer discount for fees, like b2bx exchange - they give 35% discount for using b2b token as a fee.

Ipwich

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Quote from: apityeh71 on March 31, 2019, 10:52:39 PM

Huobi Australia exchange is one of the good exchange that comply AML , they also listed many good coin and has high trading volume. For trading fee, we can not minimize it because that fee already standar of the exchanges.

Fee is the lifeblood of the business, and they set on standard so they can compete in the market.
Maybe I can advise if you want to minimize the fee, is you don't trade all the time, that will save your fee, but life is boring for a trader that way, right?

apityeh71

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Huobi Australia exchange is one of the good exchange that comply AML , they also listed many good coin and has high trading volume. For trading fee, we can not minimize it because that fee already standar of the exchanges.

Huskarls

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I recommend you better use the FIAT-Crypto changer service. I am sure there must be some people who open the service. usually the fee also depends on the number of purchases. Usually between 1-2 $ for transactions under 150$. If you want regulated exchange, try DX.EXCHANGE. its new exchange but regulated though.

Topic: How to minimise the trading fee? - page 2. (Read 642 times)