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Topic: On exchanges is it cheaper? - page 2. (Read 1782 times)

member
Activity: 89
Merit: 10
August 16, 2016, 07:18:05 AM
#14
I think there is no difference if you sold big amount or small amount , because the fee doesn't change according to the amount you sell . For example : if you sold 1 BTC , the fee is 0.002BTC , and if you sold 0.1BTC ten times , the fee won't change .

yes fees doesn't change according to amount user sells but there are some exchanges that gives discount to users on trading fees based on their past trading volume.
hero member
Activity: 854
Merit: 502
CTO & Spokesman
August 16, 2016, 07:11:22 AM
#13
On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
It's for trading I think the fee is small and fair enough for buying bitcoin, if you want to buy much cheaper buy it at people who is not popular in there country to use bitcoin and the use of it there country is  only limited. Buy it with other mode of payment and payment and don't forget to use escrow.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
August 16, 2016, 06:30:07 AM
#12
All transactions have "exchange rate tax" on them no matter the value.
i dont think that all the transactions have tax on them. do you mean transaction=exchange site ?
In fact, for some places, the more you buy the greater the "exchange tax" falue added.
it is not true. the exchange fees remain the same for all values. if you are buying 0.1btc then you have to pay 0.2% and if you are buying 10btc then too the fees remain the same.
@op, the exchange sites always have higher fees but if you want low fees then the best option for you is to deal with an individual in this forum. just my 2 cents!

Some marketplaces are better like localbitcoins or yibit for a good price. (Never leave coins unattended on yobit they may go missing).
As for the "tax" I mentioned, I said the "exchange tax" as in the amount the exchanges charge.
I thought to name it "exchange tax" as that is how it is worded in the OP
hero member
Activity: 1050
Merit: 681
August 16, 2016, 12:17:37 AM
#11
All transactions have "exchange rate tax" on them no matter the value.
i dont think that all the transactions have tax on them. do you mean transaction=exchange site ?
In fact, for some places, the more you buy the greater the "exchange tax" falue added.
it is not true. the exchange fees remain the same for all values. if you are buying 0.1btc then you have to pay 0.2% and if you are buying 10btc then too the fees remain the same.
@op, the exchange sites always have higher fees but if you want low fees then the best option for you is to deal with an individual in this forum. just my 2 cents!
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
August 15, 2016, 09:20:54 PM
#10
On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
You've got your answer basically if you wanna selling your amount in the big part or some part is not having a difference in the fees you will get it. but better for selling into big part because that is will more save for your time.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
August 15, 2016, 08:44:29 PM
#9
On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

All transactions have "exchange rate tax" on them no matter the value. In fact, for some places, the more you buy the greater the "exchange tax" falue added.
So it's the same price to do both unless you negotiate a good deal with the person selling the coins.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
August 15, 2016, 08:36:54 PM
#8
all in all, the fee transaction is really cheaper than you can imagine. i don't really care about the fee, becaue as fast as i know, it will be no more big than 0.01 BTC even if there is 0.01 BTC, i think the amount to send is really big, at least is up to 1000 BTC  Grin
full member
Activity: 252
Merit: 100
August 15, 2016, 07:43:36 PM
#7
same smaller or big sell, is rate fee exchange 0,2%
example your sell bitcoin 1 bitcoin is one sell you can get fee 1 x 0,2% = 0,002
and your sell 1 bitcoin,  0,1 ten placed, you can get fee 0,1 x 0,2% = 0,0002
but your ten sell 0,0002 x 10 = 0,002
and result fee is same 0,002
sr. member
Activity: 378
Merit: 250
August 15, 2016, 07:23:32 PM
#6
Isn't it obvious? Simple algebra.

Let's say Bob has $100. He puts it onto an exchange that charges 1% tax. So he ends up with $99.

Let's then say Jim also has $100. He puts two deposits of $50 onto an exchange that charges 1% tax. He still ends up with $99.

It's the same.
member
Activity: 70
Merit: 10
August 15, 2016, 06:44:20 PM
#5
These rates are still very high in my opinion.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
August 15, 2016, 06:43:34 PM
#4
Don't forget slippage. If you're using an obscure exchange, and there are plenty with very little on the order books, your one sell might slaughter the price for a while. If you ration your sells over a period of time you're more likely to get an untainted market price for them.
legendary
Activity: 4270
Merit: 4534
August 15, 2016, 03:42:56 PM
#3
exchange rate ends up the same

eg
10x 1btc = 0.02btc total in combined fee's
1x 10btc = 0.02btc single fee

but here is where things change.
if you are only depositing 1btc at a time. there is a bitcoin network transaction fee to deposit it. (roughly 11cents on average per tx)
meaning depositing 10 amounts costs you about $1.10.. but depositing it as one amount would only cost you just 1 cents

if you then withdraw funds. there is a bitcoin network transaction fee to withdraw(move funds out). again 1cents-$1.10 depending on single or split transactions

so instead of moving 10btc in one transaction=1 transaction fee to deposit. your paying 10 transaction fee's
so instead of removing 10btc in one transaction=1 transaction fee to withdraw. your paying 10 transaction fee's

not only have i mentioned the bitcoin network tx fee's make a difference but also the exchanges own withdrawals fee's
some exchanges dont do percentages as thier withdrawal fee. its sometimes a fixed amount.

in short "exchanging" doesnt matter much when or how much you do in one go. but putting the funds in and taking the funds out can make a difference
hero member
Activity: 826
Merit: 523
August 15, 2016, 03:41:09 PM
#2
I think there is no difference if you sold big amount or small amount , because the fee doesn't change according to the amount you sell . For example : if you sold 1 BTC , the fee is 0.002BTC , and if you sold 0.1BTC ten times , the fee won't change .
newbie
Activity: 52
Merit: 0
August 15, 2016, 02:56:40 PM
#1
On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?
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