If you want to bitcoin kupno without paying any fees, there are a few places you can go. But before you do, you should understand how fees work and how to avoid them.
The first step is to choose a crypto exchange that offers a low trading fee. These can be as low as 0.5% or 2%, but can add up quickly if you trade frequently.
Coinbase offers a number of ways to buy and sell bitcoin. It also provides a wealth of educational resources about crypto assets and the industry.
Buying coins on Coinbase is simple and straightforward. Just select the currency you want to trade and enter the amount you’re willing to spend.
For a small fee, you can even use your bank account to fund your purchase. You’ll have to wait a few days for the money to clear, but it’s well worth it for the convenience and peace of mind.
Selling your cryptocurrency is just as easy. Simply go to your portfolio balance, choose the U.S. dollar option, and select the coin you’d like to sell.
Coinbase also offers a variety of options to transfer your profits back into your bank account. You can use ACH transfers, debit cards, money wires, or PayPal to withdraw your money.
Bybit https://www.bybit.com/en-US/ is a popular and established crypto exchange that offers some of the lowest transaction fees on the market. It also offers discounts to users who pay using its native token, BNB.
The pricing scheme runs across what the company calls three tiers, depending on the exact cryptocurrency you’re trading. There are 10 different volume-based discounts ranging from 0.04% maker and 0.1% taker on Level 1 ($0 – $25,000 trading volume) to a whopping 0.4% maker and 0.1% taker on Level 9 ($200,000,001 and above).
One of the key differences between Bybit and other cryptocurrency exchanges is that it allows customers to earn staking rewards. Staking is similar to earning interest on a bank account, but it involves a greater risk of loss.
The exchange also requires identity verification to meet national and international anti-money laundering (AML) and combating-terrorism-financing (CFT) regulations. However, many customers have reported lengthy wait times when they try to verify their accounts using its live chat service.
Bitstamp is a European exchange that has a long history and offers a solid trading experience. Its focus on delivering a basic platform has allowed it to grow and maintain a high amount of real volume, and it continues to attract a lot of repeat customers.
Bitstamp’s security is top-notch, and it keeps almost all of its funds in cold storage and uses Multi-Sig authentication to keep user accounts safe. It also offers two-factor verification and text message alerts.
It’s also a good choice for traders looking to work within the EU. Its fees are competitive, and it’s easy to set up an account.
Its customer support is one of the best in the industry, and it offers 24/7 phone support in addition to the usual self-help and support tickets. However, it does have some downsides, including a lack of support for US users and a few high fees.
Bitfinex is a popular exchange that supports a large range of crypto assets. It also offers margin funding and leverage.
The trading platform has an advanced interface and a long list of order types, tools and features for technical analysis. Its Python 3 API and enhanced reporting are popular among seasoned traders.
In addition to its trading terminal, Bitfinex also offers a peer-to-peer margin funding market with up to 3.3x leverage. Traders can enter a funding order to borrow the desired amount, at the best rate and duration of their choice.
To open an account, Bitfinex requires personal contact information, two copies of government-issued identification and a selfie to verify identity. Once verified, you can begin trading.
Bitfinex uses a volume-based maker/taker fee model. Those that fulfill existing orders are considered takers and those that place new limit orders are makers. Their maker fees are 0.20%, slightly below the industry average of 0.25%, and their taker fees are 0.055%.