What is the cheapest way to Exchange cryptocurency? - page 2.

CryptopreneurBrainboss

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

The simplest but not the easiest method involves peer2peer both offline and online exchanging of bitcoin for fiat or other cryptocurrency you intend recieving. Both method are fees free. The P2P (online) exchanging doesn't involve the use of third parties in the form of escrow or exchanges although both parties involves in the transaction will have to pays miners fees to complete the transaction supposedly both parties are recieving cryptocurrency but if it's a crypto for fiat transaction, just the sender will have to pay the miners fees.

For the P2P (offline) exchange, paper wallet is been used, in this scenario you recieved or send the private keys of the wallet holding the fund involved in the transaction for crypto to crypto exchange or recieve fiat equivalent to the crypto sold. It's a very risky process that doesn't involve fees since the transaction are done offline but it's recommended to only transect with those you can trust.

FlamingFingers

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

Almost zero fee? I will advise you to make use of peer to peer, because the escrow fee that will be required to pay is almost zero fee, as compared to other online exchange converter to cash

mersal

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Quote from: ralle14 on October 13, 2019, 03:32:55 PM

Quote from: mersal on October 13, 2019, 06:23:05 AM

You can exchange your cryptos for no fee by posting your offer in Currency exchange but for that you need to be trusted member or you may have to end up paying escrow fee or split up between both buyer and seller.

Or find someone personally and exchange cryptos which requires only transaction fee but if you are going for trading platform you need to pay the fee for trading and also for withdrawal.

They could also do it off chain if both of them use the same exchange and they're allowed to send bitcoins to a different account for free. I've done it a few times with another person before but I stopped doing it because I always go first and i'm putting myself at risk just to save a few dollars.

I suggest anyone to never do this like he said we are in the risk of losing just to save few bucks,even we are not going to save anything literally unless we are the advertisement creator because LBC doesn't charge any fee for user they collect only fee from traders.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

I think it is better to take the fees as long the site is reputable. Even if you not use any site or anything like that, middle man still need to paid too. Of course you not want to get scammed because a lot of scammer hide and wait for their chance to scam people.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

You can find exchanges with cheap fees but zero fees exchanges are not so popular. Fees are not bad though if your using third party services as long as its affordable and they're not overcharging you its good. The funds they accumulated will help for platform improvements and serve their customer better.

gandame

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

If you asking a trading site to exchange a cryptocurrency there a lot of trading site that have small free. But zero fee i think nother exchanger like thag sir. Once you trade expect that every transaction you made have fee.
Seach if there zero fee so that you know sir. But i think theres is no exchanger site like that.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

If you talk about trading fees, I recommend you to use Vindax. It has a fee of only 0.05%, this is the lowest I've ever seen. But besides that, its volume won't be too high, that's the only weakness.
If you talk about fee withdraw, you should use Exmarket. That exchange never charges withdraw. I tried withdrawing 2 ETH and I didn't pay a dime.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

If you are looking for 0 fees, then where does the exchanger earn profit? Some like localbitcoin implement P2P transactions at a very low cost, but you have to find people who want to exchange crypto. I think it's better to pay a higher fee because the cryptocurrency anonymity when making a transaction is very dangerous, so I suggest to be careful if you want to P2P transactions.

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trading fees and the cost of withdrawing assets from an exchange I think nothing will ever be free even 0 fees is not possible, if there is such a thing I suggest you should be careful because it will definitely have a very weak security system, because with the fee it can be used to strengthen the security of the platform where the exchange is.

Shasha80

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It is very difficult to find the best exchanges with zero trading fees, even if there is one maybe less credible. Because good exchanges have to be charged for trading fees, for cover the operational costs of the exchanges. We play trading on exchanges want safe, smooth and fast transactions, quality exchanges such as requiring fees operational. Obtained from trading fees, now looking for exchanges with trading fees free although there is questionable quality and credibility of these exchanges. Even if there are good exchanges with zero trading fees, I'm sure it's only a promo.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

This is impossible if you're going to use a third party service. The possible way to exchange it without getting scammed is via peer to peer. The only disadvantages of it is is looking for the person who wanted to trade with you, travel cost and their location should be near at your place at the same time. It doesn't hurt much to use a third party service since their fee isn't that expensive.

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I'd rather use low-cost exchanges rather than to risk in converting crypto to unknown or non-reputable person. Though we think it just of few bucks but it actually worth something and we earn that hard. But considering to look for zero fees to exchange our crypto, it is really hard to find it. And I agree that we used exchanges for the safe keep and for the success of the transaction.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

Exchanges that charge zero trade fee: https://cryptomaa.com/btc/cryptocurrency-exchanges-that-offer-free-trading-platform/

Lowest deposit/withdrawal fee: https://blocklr.com/guides/cryptocurrency-exchanges-lowest-fees/

In addition, the newly created Bgogo will soon be in the rank of the good ones: https://bgogo.com/fees

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

It is almost impossible to exchange cryptocurrencies with zero fees. Even the decentralized exchanges, like Etherdelta and Token store, require some low fee for each transaction, and they are almost specialized to ERC20 tokens. To trade the coins you have to use mainly the centralized exchanges which require fees, but you can compare the fees and choose to trade on the lowest ones.

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Quote from: mersal on October 13, 2019, 06:23:05 AM

You can exchange your cryptos for no fee by posting your offer in Currency exchange but for that you need to be trusted member or you may have to end up paying escrow fee or split up between both buyer and seller.

Or find someone personally and exchange cryptos which requires only transaction fee but if you are going for trading platform you need to pay the fee for trading and also for withdrawal.

They could also do it off chain if both of them use the same exchange and they're allowed to send bitcoins to a different account for free. I've done it a few times with another person before but I stopped doing it because I always go first and i'm putting myself at risk just to save a few dollars.

Quote from: Ucy on October 13, 2019, 02:24:33 PM

If you prefer centralized exchanges, I would then suggest you convert your coin to coins with very low transaction fee before exchanging . Guess you should check if that is possible on your current exchange

Fees on centralized exchanges can't be avoided though and the transaction fees are mostly fixed.

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Quote from: GreatArkansas on October 13, 2019, 06:38:44 AM

Another way is also like P2P or you can find some sellers in localbitcoins, but I think it is still much cheaper when you can find some seller outside that facebook, like in social media.

I tried before in Facebook, there are some facebook group or group chat in messenger where there are some into cryptocurrency members then there you can find some sellers or buyers then it's up to you on what will happen, like meetup transaction or find some middleman.

Localbitcoins was great when they had in person cash listings because you could avoid their escrow system entirely. No 1% fee, basically using it like Craigslist. If you were patient you could usually find a trade at 1:1 and no fee, at least in my area.

Physical Bitcoin meetups are another route to the same end but you never know what you'll find. Facebook or other social media seems like another interesting route I hadn't considered. Anything to cut out the middleman in peer-to-peer trades is ideal.

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

It will not be possible from any crypto exchanges such as dex or cex whatever it’s because all of the crypto exchanges asking minimum fees will require to exchange with your assets. Peer to Peer transaction is the best way to exchange without no fees but you can do it with only your close people likes friends and neighbours or something like that otherwise you will most possibility to get scam with unknown people. Another the best option is escrow personally i think.

Ucy

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Depends on the type of exchange you want to trade on. I have been charged very tiny fee trading on a particular exchange but it took a little longer for me to receive the coin. It is a decentralized exchange.

If you prefer centralized exchanges, I would then suggest you convert your coin to coins with very low transaction fee before exchanging . Guess you should check if that is possible on your current exchange

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Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

If you want to exchange a currency for almost no fees, your best bet would be peer to peer with no middle man. I would suggest posting in the currency exchange section. You will still pay fees for the transaction though. Any place that is a third party that hosts your trade is going to charge a fee. They have bills to keep servers online and databases running. Finding someone the old school way who wants to take what you're offering is your only real option.

mersal

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Quote from: trumpman on October 13, 2019, 01:19:11 PM

Quote from: Polo7 on October 13, 2019, 04:14:53 AM

What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!!

Localbitcoins.com is probably your best bet. Or finding via other means (e.g. the local boards here) someone to exchange hand to hand. Depending on the other side of the transaction you might actually get btc (or any other crypto) cheaper then the sell price on any exchange. But it's also quite easier to get scammed so you need to be extra careful Wink

Localbitcoin doesn't charge any fee if we are buying from and advertiser but the price is going to be higher than the exchanges because where advertisers need to pay 1% fee so they will add the trading fee and also profits margin with the market price so its better to pay 0.1% fee than buying with 3% high price.

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