{crypto exchange guide}
joined sep 2019
share {crypto exchange guide} and generate bitcoin with reference codes.
12 topics on {crypto exchange guide}
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Gouldy
by  Gouldy
Buying Bitcoins
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Favoured Reviews Format:
Time for some Monero!
+2
mrneo
by  mrneo
Binance crippling fees
I'm trying to make my first purchase and realised that:

1 - Binance has a minimum withdrawal of 0.001 BTC (about $47).
2- The withdrawal fee on this would be of 0.0005 BTC (50%).

Am I doing something wrong here? How do you guys avoid these fees? Which exchange do you use?

Thanks in advance.
DankYou2021
Do not use Binance as there min fees are horrendous. Coinbase is a good wallet to use
+3
Todd's Sure Thangs
exchanges come and go and so do their policies. its always best to have your own wallet. many free ones exist, just move your money there after you exchange a chunk. that money is truly yours and not captive to minimums or extra fees.
+3
mrneo
Does that mean that if I buy let’s say £500 in BTC, pay the £20 binance fee and put it in my wallet (I use BRD but could use other), now that £480 is completely mine and can send it to other people (sellers here lol) for free?
DankYou2021
Yes, as long as you convert it to a stable coin such as USDT. Otherwise your total will fluctuate with the price of Bitcoin. If you want your 500 to stay at 500 then convert it all into a stable coin
+2
Noxa88
The cheapest way would be buy something like NEXO woth your fiat, transfer to a wallet for free then swap the NEXO for BTC in the wallet itself. Cheapest way it can be done.
+2
Todd's Sure Thangs
yes my furry friend if its in your wallet its yours and there is no way it can be taken away or subjected to pinching.
+2
Noxa88
LB only using BTC is a total fuck up imo, ridiculous to use a POW where it has to go through every single miner to prove work, there are a million other options that would be awesome, I mean NEXO is free… XRP takes seconds, BTC transactions for an 1/8 is retarded full stop.
+2
Nickpj123
Hi, it is a minefield, it is easier now there is the multi vendor option to checkout! I use Bitpanda the minimum is 0.0015, but the hash rate tracks the market mwan I think, itisusually a couple of quid to make the transfer.
+1
mrneo
Only a couple quid for a 0.0015 transaction sounds great to me. I thought the 0.0005 BTC fee was standard all across? Man so much to learn…
+2
pollypuff20
Yeah, I use Bitpanda too…
Transaction fees change by the minute to reflect levels of activity on the blockchain. Bitpanda is generally cheap at weekends, particularly at night. It is then a couple of quid normally, but with that irritating 0.0015 minimum.
It’s pretty fast and easy though👍
+1
mrneo
I’d imagine that if the price depends on the activity on the blockchain then it’s probably cheaper in the evening over the weekend on Binance too right? Is that kinda how it works?
+2
pollypuff20
Yup…lower traffic should mean lower fees…
+1
mrneo
Alright so in case there's another newbie like me around... I managed to sort this out! I avoided binance's awful fees by sending from my wallet (BRD) and payed only $0.70 in fees.

Much love everyone, and thanks for your help.
+2
Marcw360
How do you use the brd wallet ? Is it just like binance ? Buy crypto then send to the required address ? Any help much appreciated!
+1
mrneo
It’s kinda similar. BRD is a wallet so I think its main function is to store your crypto, but it allows you to buy and sell, transfer, etc . I’ve found that the fees BRD charges are way better than Binance, so definitely worth a shot!
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by  Khuunntt
Bitpanda fee £2
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