I can't use anything that's US or EU exclusive, like Paypal, Coinbase, Gemini, Strike, River, Fold, Cash app, Relai, or Swan.
So, I'm starting with my local fiat crapcoins and trading them for stablecoins on Binance using its P2P or offline P2P.
I'm in this for the long haul, buying BTC to huddle. I usually stick to level 1 amounts on any centralized exchange, nothing as fancy as a VIP account. I don’t hold any exchange tokens to lower fees. I withdraw every 0.01 BTC.
Here are some platforms I can use:
MEXC has a 0% maker and 0.05% taker fee for the BTC/USDC pair (might be a limited-time offer). The spread with other exchanges is around 0.01% according to Tradingview. The withdrawal fee is pretty low. Hyperliquid charges a 0.01% maker fee for trades, and dYdX is at 0.01%, and GMX is 0.04% they’re cheap, but they don’t support native BTC. BTC.b to BTC bridge has a fixed fee of about $20, regardless of BTC amount. OKX comes in with a 0.08% maker fee. Exchanges like Kraken, Binance, Bybit, Bitget, HTX, Kucoin, Gate, Bitstamp, etc., seem to have higher fees.
I'm skipping the KYC/non-KYC debate, just focusing on the fees. Robosats has a 0.025% maker fee, but there’s not enough liquidity in my area, leading to big spreads. Same goes for Blisq, but their maker fee is 0.15% anyway.
Responses from people in less developed countries are likely to be more useful since US/EU options might not work for you either.
Most affordable options for buying BTC and transferring to a cold wallet
6 replies 355 views
diamond_atlasSenior Member
Posts: 408 · Reputation: 1359
#2Jun 26, 2020, 11:27 AM
I don't try to find cheapest way because it can be tricky and sometimes you will be trapped with cheapest exchanges that are most dangerous and can be likely scam exchanges.
There are some websites you can use as your filter tools.
https://www.cryptowisser.com/exchanges/
https://koinly.io/blog/crypto-exchange-with-lowest-fees/
This site is off now and I am unsure it will be back.
https://withdrawalfees.com/
One of the among listed exchange ive been using the MEXC which is they have the cheapest withdrawal fees I've ever experience and also the same with other platform is they have the fast withdrawals and deposits also they are active in every transaction you've made. After Binance gets banned in my country I found this as one of the alternative. Also most of the new coins they have so its suitable with my trading habits.
There are countless crypto exchanges everywhere, we just make research and choose the one that suits our pattern in the market. We buy bitcoin at cheap price and then trigger the sell button when we're in profits already. Moreover buying and selling of bitcoin is easy these days because we've access to the information, not just some information but imperative information that will create aides for us. Buying bitcoin is a step closer to making good moves in the market, knowing exactly what to expect when we trade because what more can we possibly enact other than our current holding with bitcoin?
I think exchanges in my country allow overseas users to register, but I'm not sure if the KYC process would be easy to do. There's no way you can access them without KYC, unfortunately, but if you want to check them out, you can search for Indodax or Pintu (or other exchanges, really). One of them even has a dedicated Standard Chinese UI, which implies there is enough demand for that. I think the fees aren't that different from most international exchanges, though. CMIIW.
Always direct P2P dude.
You know already from OP you can get P2P from some platforms. Shitty 3rd world country? Usually sounds right and usually means you can get on Binance. Use the P2P platform. Get some contacts on IM from them.
Then moving forward ask for community of P2P. There's so many.
Build trust, do direct. Cheaper for you usually since no fees to send money and instant (shitty countries have this). Then he send BTC to your cold wallet direct.
anything sub 0.1% fee is never worth it to compare.
if you find the cheapest fee there is, you're risking your money in shady low tier exchange.
a normal fee is okay as long as the exchange is reliable. better lose that 0.05% difference than losing your capital entirely.
after all, if you're holding for long term in cold wallet, i'm sure getting 0.1 % gain is a piece of cake, we are talking about bitcoin that did 500% gain from previous bearish cycle.
why should 0.1% fee even be a problem.
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