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Lowest fee bitcoin trading ?

  • 29-12-2020 3:50pm
    #1
    Registered Users Posts: 109 ✭✭ Thelonious
    Registered User


    Bitcoin trading fees seem high to me . I bought on Revolut recently and the fees were about 4% per transaction. I'm not prepared to buy again with those sort of fees. So I'd need bitcoin to gain about 8% before I'm in the money.



    By comparison, with equity shares I'd expect to pay a fee of 50c per transaction regardless of the value of the transaction.


    Anyone know the cheapest way to buy and sell BTC?


Comments

  • Registered Users Posts: 24 ✭✭✭ Lexio7
    Registered User


    You can use Coinbase Pro (not Coinbase). Place an order on the exchange at your chosen price and wait for the order to execute.

    https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees

    You will need to deposit money to Coinbase 1st then transfer this money to the Coinbase Pro exchange.

    I am not sure why you would use Revolut as you dont actually own the bitcoin and cannot transfer that bitcoin to your own wallet.


  • Registered Users Posts: 109 ✭✭ Thelonious
    Registered User


    Lexio7 wrote: »

    I am not sure why you would use Revolut as you dont actually own the bitcoin and cannot transfer that bitcoin to your own wallet.


    Thanks bud


    I'm purely speculating on Bitcoin and i like to be able to trade in and out for low fees.


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