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Topic: Low commission + exact rates for ETH? (Read 113 times)

full member
Activity: 157
Merit: 100
Out of the box is where I live
December 30, 2017, 09:19:31 AM
#4
Thanks, I'll check that out, never heard of it before!

Any idea for buying ETH? Transfer fees should be more acceptable there.
member
Activity: 132
Merit: 11
December 30, 2017, 09:01:12 AM
#3
well if buying a small quantity, yes, go for something other than btc because of the costly fees

I don't know if it's applicable to you, have you tried checking out localbitcoins.com? it's like a classified ads market for selling bitcoins (I assume the sellers also have other currencies as well), locally, sellers get feedback for the transactions so it adds up to security
although every seller has a different price so you need to see if it would cost you more or less than to use credit cards and pay all the fees.. but if it's an only option...

full member
Activity: 157
Merit: 100
Out of the box is where I live
December 30, 2017, 08:28:39 AM
#2
just to add, I have created accounts from the following sites:
- coinbase (possibility to buy from bank transfer + cc but inaccurate rates)
- bittrex (no possibility to buy from bank transfer or CC)
- bitstamp (account verification is pending, huge backlog)
- cryptopia (nice but couldn't transfer money there)
- changelly (CC possible but commission too high)

full member
Activity: 157
Merit: 100
Out of the box is where I live
December 30, 2017, 08:23:18 AM
#1
Hello all,

I've been mining for a couple of month now but I'd like to start trading too. I've been looking around at the different platform and got surprised by the fees most of them apply when you want to buy BTC or ETH.
What I'd like to do is to buy BTC or ETH (or anything like this) to feed a trading account. So the only reason why I would buy those currencies is to feed a trading wallet and not keeping them.

Example right now:

coinbase
1 ETH = 639€ while the real value of ETH at the time of writing is 568€, that's more a difference of more than 10%!
Add to this that you need to pay a commission to buy ETH with a credit card (slightly below 4%)
Even the worst classic banks I'm using do not charge that kind of amount to buy a currency or shares.

changelly
Seemed to be promising and easy to use but looking at the cost, same conclusion as coinbase.
BTC has a value right now of 10670€ so if I buy for 106.7€ I should get 0.01 BTC but I get 0.0094. That's a hidden commission of +/- 6€

And it gets even worse when you have to transfer BTC to another wallet. Transfer fees are huge. I paid almost 25€ for a transfer of around 220€ with Coinbase.

Ok, I'm learning my lessons here but I have some questions...

1. Should I buy ETH instead of BTC to avoid paying such transfer fees?
2. Do you know a reliable site where I can buy ETH with a credit card or bank transfer at the correct rate and low commissions?
3. Do you know a cryptotrading site where I can directly deposit money that can be used to buy any currency? I have tried cryptopia but I can't transfer my EUR with credit card and bank transfer is way too expensive from Europe.

Thanks

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