On exchanges is it cheaper? | Bitcointalksearch.org

Freshmen

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Quote from: Qunenin on August 28, 2016, 06:46:35 AM

Quote from: rphk on August 26, 2016, 04:33:51 AM

some sites charges based on transaction , per transaction 0.0002 BTC kind of thing. best is calculate your self to judge the rate , if it per transaction based best sell minimum transaction , if it is based on percentage then there is no difference and you can do any kind of transaction.

i think 0.0002 transactions charges to withdraw the bitcoins from exchanges and very minimal charges for trading is something nothing to be worried about.

Yes, a .0002 fee is not bad at all. We are talking pennies on the dollar. Anything below 5% is really good. That’s also because I think most fee’s only end up being 3% max.

elDano

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I dont think there are allot of exchanges where you can get them cheaper off course there are people where you can get them for much less than the original price is but i dont think you will get the full price ever when you are selling them to people.

satmas

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Nah, it is the same whether you buy/sell in bulk or not, just make sure you are aware of the transaction fees.

serjent05

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I think when you talk about transaction fee one exchanges, they are fixed. Whether you are trading 0.001 BTc or 100 BTC, the fee is always the same. It is automatically deducted once trading occurs. So I think you shouldn't mind the fee, what you should mind is the profit you will gain on every trade you will do

Qunenin

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Quote from: rphk on August 26, 2016, 04:33:51 AM

some sites charges based on transaction , per transaction 0.0002 BTC kind of thing. best is calculate your self to judge the rate , if it per transaction based best sell minimum transaction , if it is based on percentage then there is no difference and you can do any kind of transaction.

i think 0.0002 transactions charges to withdraw the bitcoins from exchanges and very minimal charges for trading is something nothing to be worried about.

lionheart78

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Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

There is no difference in selling small amount or big amount because the exchange rate tax is fixed. Unless there is some rule implemented on the exchange that exempt large traders or smaller trader but that will kill the exchange profit. On the other note, you can get a cheaper cost when you withdraw your coin in one process than withdrawing them by chunk.

jackg

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Quote from: ImHash on August 26, 2016, 08:50:44 AM

You might want to trade with small amounts though fees always be the same but if you try several small trades it could help with price not going down, because if you try to trade big amounts price could either go very high if you are buying and go very low if you are selling.

That's only really problematic to other people and would have to be tens of thousands of BTC transferrred to greatly effect the price. Currently many thousand btc are probably exchanged in some way every day so adding to that by a small proportion is not a big deal.

And you are correct that the price will remain the same no matter how much you transfer and if you transfer a large amount at one time it would be extremely difficult to do.

ImHash

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You might want to trade with small amounts though fees always be the same but if you try several small trades it could help with price not going down, because if you try to trade big amounts price could either go very high if you are buying and go very low if you are selling.

PremiumCodeX

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You are writing about the 'fee', right? And I assume that at the site where you want to exchange it is always 0.2%. If I am right, neither of them is cheaper for you because 0.2% will be always a fair amount compared to what you want to exchange. In BTC network, it is a bit more difficult to calculate, but within the exchange site you can easily calculate with the given fee. I often exchange an overall big value in one go but that is only to save efforts. To exchange a very big amount, I suggest splitting it into smaller exchanges - if you want - to prevent causing slippage in the market and to exchange small amounts, you may want to wait the end of a disadvantageous slippage if you experience it in the market. From fee view, exchanges are usually better to exchange small amounts compared to individuals and although there is no significant fee difference between exchanging small or big amounts at your exchange, one more thing that I would consider in your place is the possibility of the exchange may go rogue. It is less likely to happen compared to an individual, but it could happen and besides optimizing your fee, you should consider this possibility, too and it may influence how much value you use on one exchange site.

rphk

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some sites charges based on transaction , per transaction 0.0002 BTC kind of thing. best is calculate your self to judge the rate , if it per transaction based best sell minimum transaction , if it is based on percentage then there is no difference and you can do any kind of transaction.

ashiqdey

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I use yobit for trading Grin

but I know few stock trading websites where the transaction fee is charged up front and not based on any transaction amount, so they charge $0.20 for trade of $1 and the same $0.20 for trade of $10,000). I would like to try and suggest such system in crypto trade if there is any such service. Kiss

Dudeperfect

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As explained by some members here, you finally end up with same fees irrespective of quantity smaller or larger unless there is any fixed kind of fee for every order. I am not sure about crypto exchanges but I know few stock trading websites where the transaction fee is charged up front and not based on any transaction amount (example – $0.20 per transaction up to trade worth $10,000) so they charge $0.20 for trade of $1 and the same $0.20 for trade of $10,000). I would like to try such system in crypto trade if there is any such service.

pooya87

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Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

it is not tax it is called "fee" and since it is a percentage of the amount you sell then it doesn't matter if it is small or bit you will pay that percentage of your volume.
eg. you can sell 1BTC and pay 0.002BTC or you can sell 2x 0.5BTC and pay 2x 0.001BTC fee

although in many exchanges (not all of them) the fee percentage changes the more you trade for example if you trade 1BTC it would be 0.2% but if you trade 1000 it would be 0.18% and so on.

Backside walkaround

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That's one of the good things about exchanges like Yobit & Poloniex (and Cryptsy before they died) is the percentage as a fee. It's good for people who only can buy a small amount, because with things like stock brokerages, a flat fee of $7/trade will kill you if you're only buying $40 worth of stock. I think it's beneficial for bitcoiners with not so much money.

croutonhexagon

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Bro It Doesn't Matter You are Selling a Big Or Small amount....
For Example:-
If you Sell 1 Bitcoin then the Fees will be 0.002 Satoshi Or When You Sell Only 0.01 Btc the Fees will be 0.00002 Btc so There is No Change in the Percentage of Fee......
So No Difference at all......

outatime1

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It shouldn't make a difference since the fee is a set percentage. However, some exchanges charge a smaller fee if you do a lot of trading over a certain period of time. If the large amount puts you in a different fee level, you may want to do your sells or buys all at once or closer together to lock in that rate.

Taki

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Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

I think it does not matter at all how big amount you exchange 1 BTC or 100 BTC the percent of the tax for exchanging will stay the same, in the case you are talkingabout it is 0,2 %, but i am sure there is excangers who take less or more. as usual online exchangers take less percent, I have tried to exchange my first mBTC through one guy, did not know then about online exchangers, just my friend recommended him to me, so his comission was 10%.

amacar2

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Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

There is no any fixed fee on exchnages it is just a fix 0.2% fee that means in whatever amount you sell only 0.2% of your sell amount will be taken as fee so basically there is no difference in fee with amount you sell.

wintermeasures

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According to me There is No Difference Because the Exchange Fee is In Percentage...
And It Doesn't Matter That If You Sell Big Amount Or Small amount, The Fee will Always Remain Same as 0.2% Of Your Trade Amount......

Hazir

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Quote from: egyproductions on August 16, 2016, 06:18:05 AM

Quote from: Robertqueen2 on August 15, 2016, 02:41:09 PM

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.

So basically isn't trading volume the same as sold/bought bitcoins amount combined? But these lowered fees are so insignificant that barely anyone can achieve it.

See Poloniex's fees table:

Maker   Taker   Trade Volume (trailing 30 day avg)
0.15%   0.25%   < 600 BTC
0.14%   0.24%   ≥ 600 BTC
0.12%   0.22%   ≥ 1,200 BTC
0.10%   0.20%   ≥ 2,400 BTC
0.08%   0.16%   ≥ 6,000 BTC
0.05%   0.14%   ≥ 12,000 BTC
0.02%   0.12%   ≥ 18,000 BTC
0.00%   0.10%   ≥ 24,000 BTC

Have fun trading with 24k BTC.

egyproductions

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Quote from: Robertqueen2 on August 15, 2016, 02:41:09 PM

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.

passivebesiege

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Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

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.

jackg

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Quote from: Edwardard on August 15, 2016, 11:17:37 PM

Quote from: jackg on August 15, 2016, 07:44:29 PM

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 ?

Quote from: jackg on August 15, 2016, 07:44:29 PM

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

Edwardard

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Quote from: jackg on August 15, 2016, 07:44:29 PM

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 ?

Quote from: jackg on August 15, 2016, 07:44:29 PM

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!

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Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

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.

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: ParadiseFalls on August 15, 2016, 01:56:40 PM

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.

maydna

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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

yudy

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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

MyBTT

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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.

nova-rider

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These rates are still very high in my opinion.

gentlemand

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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.

franky1

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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

Robertqueen2

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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 .

ParadiseFalls

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On exchanges is it cheaper to sell one big amount or smaller amounts with a 0.2% exchange rate tax?

Topic: On exchanges is it cheaper? (Read 1797 times)