daleagle1

chat

send private message

joined jul 2022

share daleagle1 and generate bitcoin with reference codes.

0 topics on daleagle1

1 post by daleagle1

1 post

+1 votes

on Budzinho 10/10

New Idea To Reduce BTC Fees

How long did yours take? I’ve been waiting three hours now, arguably the longest I’ve ever had to wait for a transaction to confirm in a while

+21

on Budzinho 10/10

New Idea To Reduce BTC Fees

https://littlebiggy.net/link/bAiyzm

--------------------------------------------------------------
So the exchange Kraken have set bitcoin withdrawal fees, usually this is not a good thing however...

In the current climate the 0.0002 BTC rate they charge (around $13) might be significantly lower than what you are quoted elsewhere.

Now obviously $13 is still not great but it is a lot better than the hundreds of dollars I have seen some Biggaz be quoted over the last few days.

It's also worth noting the minimum withdrawal on Kraken is 0.0004 BTC (around $26) and if you are a new customer you have to wait 24 hours before your first withdrawal.

Also I have never had an issue sending directly from Kraken to LB.
--------------------------------------------------------------
21/04/2024

Boooba

It took over 2 and a half years for Kraken to finally ban me after sending straight to addresses got past about 3–4 investigation emails in that time. Roughly £5,000 in transactions before they got me.

Psychonauts 9.9/10

We concur it’s definitely worth it right now thanks for the heads up :-)

MollyMillions 10/10

This post needs to be constantly bumped right now! :)

Budzinho 10/10

Then fees will come back down and in a few weeks they will be back up and it will need bumped again lol.

Thanks Molly.

Zigbull!

Just tried to send £78 for an order and the fees were £28 from coinbase to vendor, fucking joke, will try again later…

Budzinho 10/10

Yeah mate try Kraken if you can be bothered, you would be paying half of that.

Zigbull!

Waited a couple of hours and it dropped to £14 so but the bullet then

Soylifeform

Put an order in using Kraken at 1717. $265 with the Kraken fee and payment cleared at 1852.

Thank you Budz, legend 👍🏼

Budzinho 10/10

No problem, glad this helped buddy :)

PetrasB

thanks man will try Kranken

Budzinho 10/10

No problem, just a heads up though;

It will take 1-3 days for your Bitcoin purchase to be available to withdraw on Kraken.

This only applies to your first purchase though, after that there is no wait.

MollyMillions 10/10

Totally agree Budzinho, I've noticed Kraken seems to be the only one that has manageable fees... I say *managable*, and not acceptable... because it's still high IMO, but it's still somewhat tolerable to pay a 10er for a transaction.

It's also worth noting people that when you add cash to Kraken, it takes 3 days to be withdrawable as BTC. So that's something to consider if you're trying to buy product with new funds!

Hope this helps

- Molly x

thatguyforbud 9/10

Kraken to save the day

pollypuff23

Nice work Buddzy....but with those fees will the transaction ever clear or just sit around forever?

MollyMillions 10/10

Can confirm they did clear after a while for me yesterday. Longer than normal but it made it. Hope this helps!

- Molly x

her9o874

Took a little less than 10 mins for my payment to be received by Transaxe from Kraken today.

23/04/24 payment sent just after Noon.

Budzinho 10/10

Glad some people are utilizing this and saving some $ on fees.

her9o874

Too right: I can't believe some of the prices & times I see people mentioning on here!

Obviously a fixed fee becomes better value, the bigger your transaction; but either way, at least you have certainty on the cost and aren't left swinging in the breeze, not knowing whether you fucked-up or the transaction is just in the queue.

Speaking of saving $, I've now made 7 buys using Kraken and paying Transaxe direct (ie no wallet). Now this is over about 6 months, so I'm not a "frequent flyer", but I haven't been tagged yet.

Having said that, I recently read on here that someone did, so "buyer beware".

Budzinho 10/10

Yeah absolutely buddy, fixed fees in normal conditions aren't a particularly good thing but right now they're a blessing.

The worst case is Kraken closing your account and you are forced to use another exchange which isn't bad risk/reward, in my opinion anyway.

Sending to an external wallet first right now is essentially not viable.

her9o874

Ha!

I agree with your "worst case" analysis, but TBH I'm just BTC-ignorant and CBA to sort out a wallet, so winged it!

But now I think about it, am I putting the vendor at any kind of risk?

Budzinho 10/10

Absolutely not buddy, risk is in your court only.

Something to note;

The Bitcoin address you send to here isn't actually the vendors address, it's the payment processor's.

So you never actually directly interact with a vendors address.

her9o874

Thanks!

Hopefully our chat has kept your initial post at the top of the page and has helped a few people to get it on without paying an arm and a leg for the privilege.

Kudos to you for taking the time to post!

Budzinho 10/10

Yeah it has kept it up there bro, I appreciate that.

When I first thought of this method it was a bit of a light-bulb moment, instantly knew this would be of great use to many here.

PS;

It cracks me up every-time I see your profile picture 😂

Have a good one buddy :)

MollyMillions 10/10

About 2 hours x

Budzinho 10/10

You aren't actually paying the Network Fee yourself, you are just paying Kraken's withdrawal fee

They send with the fee needed to be included on the next block, so yeah it will confirm, they often change their withdrawal fee to match current network fees

For reference;

https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums

Flavour chaser

Send to cake wallet after you've bought on exodus pro, this is the best way to save on fees & stay secure.

I would not recommend sending funds straight from an exchange to LB wallets, your account will get terminated.

Ani

I use trust wallet and have just made a £180 purchase with fees of £23 at 6:30am
I know this is still expensive but had £300 in my wallet for the last few days and it kept saying not enough funds
So I’ve stocked up with 3 packman vapes to see me through the hard times🤣