Newbie here - need to understand how it works for my purposes - page 2.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: FlavioB on March 13, 2021, 08:40:49 AM

Hi all.
Don't know if this is the right place to post - if not, just let me know.

I'm pretty new to all this and I'd like to understand some of this crypto-currencies thing...

Please help me here... -->

I have a wallet and I'd like to put some BTCs (or other crypto-currency) in it. My biggest concern is the fees and when/where they apply.
If I go to an ATM and I feed it with physical money to get my crypto-currency, do I have to pay some fees?
Would I use my crypto-currency to buy something online (same currency), are there any fees being applied?

Thanks for your help.
F.

First of all. Do research first about Bitcoin or Cryptocurrency on Wikipedia or browse topic here in forum before you buy any crypto.

Then state your country so that we will have idea about your local law about cryptocurrency. You can buy cryptocurrency on Centralized Exchange like Binance, Okex and Kucoin using your card. The fee is very minimal especially on P2P section on Binance.

Poker Player

legendary

Activity: 1372

Merit: 2017

This would be better placed in the newbies and help section. You can move your thread, but it will probably get reported to be moved there.

There's always going to be fees but if you want to minimize them, you'd better stay away from ATMs. When you buy something, you'll also pay fees but you can also try to minimize them. I am talking inso far as Bitcoin is concerned. I would also forget about anything apart from it, which we usually call shitcoins.

FlavioB

newbie

Activity: 6

Merit: 1

Hi all.
Don't know if this is the right place to post - if not, just let me know.

I'm pretty new to all this and I'd like to understand some of this crypto-currencies thing...

Please help me here... -->

I have a wallet and I'd like to put some BTCs (or other crypto-currency) in it. My biggest concern is the fees and when/where they apply.
If I go to an ATM and I feed it with physical money to get my crypto-currency, do I have to pay some fees?
Would I use my crypto-currency to buy something online (same currency), are there any fees being applied?

Thanks for your help.
F.

Topic: Newbie here - need to understand how it works for my purposes - page 2. (Read 315 times)