The 3% is standard for international conversions, but it really depends on your bank. I have been interested in Bitcoin since way back in the day when it was gong for $5,000, now at 11X that amount I am really wishing I pulled the trigger. Now you say there is a fee to own Bitcoin, but what if I buy it through ETRADE, I have funds in my online trade account and it would simply purchase it from there correct? About 2 hours and usually a good deal. ( Date of transfer 23/2/21). Always test with small amounts first though to make sure the QR code or wallet address is correct. Binances fees are WAY lower than Coinbase Pros even. And when your purchases are smaller, there is a flat fee charged. Bugs me that I have to pay 0.0005 BTC to transfer my BTC from Binance to BlockFi, which is 22 dollars . Should I transfer to coinbase pro before sending to my Ledger for less fees? It is the main go-to for people who like to invest in cryptocurrency. Glad to hear it! Please help! As a 'maker', you have to pay a trading fee due to an update to Coinbase's terms on March 22nd, 2019. The actual spread margin (the difference between the highest buy price and lowest sell price) charged varies due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes. If you use their active trader platform (just a switch in the account settings) vs. the normal version, their trading fees are much lower than Coinbase Pro. Depending on the size of your trade, you still could save on overall fees due to Coinbase/CBP having such high fees. In all i own 8 different assets. Hey Joe! EB. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID), How to Transfer Bitcoin and Ether (& other coins) Between Coinbase and Binance, How To Transfer Bitcoin from Coinbase to Kraken. Its tough right now since ETH and BTC have diminishing returns as their market caps increase. And I bought 1000 in Bitcoin. How soon would you expect to sell your BTC and cash out? Is this correct? Hi Ryan, thanks for taking time out to answer all these questions from people. However, Coinbase Pro will save you much more in the long run. You can make a selection on this page, or you could go to the trade section and click on buy near the coin you want to deposit into as well. ETH is expensive right now to move, which is why there are lots of competitors out there trying to beat them. You may also check it on the deposit page if . Binance.us does have high withdrawal fees so add that to your list of pros and cons. You did not mention if Coinbase charges a fee if I cancel my buy or sell orders? I moved around $180 worth of ETH from my coinbase wallet to my ledger and got charged .004221 ETH in the process. I started investing in cryptocurrency in early 2014. Free $10 Bonus When You Invest $5+Download. Check out the list of withdrawal fees for each cryptocurrency on KuCoin. I tried Binance.usgot all the way to the end, where you enter your state, and it froze. I recommend Binance for the US and internationally. This has been outlined in detail above., Transfer times depend on the type of cryptocurrency that you are withdrawing.. Heres a guide I wrote about EU/UK exchanges: https://www.cryptoryancy.com/best-european-crypto-exchanges/, Hi Ryan, thanks for a insight into the trading costs using Coinbase. Being a US resident, I cant just buy it directly. So frustrating. How To Transfer Crypto (BTC, ETH, ADA etc) From Kraken to Binance? I started buying bits on coinbase recently and have been fairly fortunate to have built a portfolio of roughly 5000 from only a very small original input. Hey Shawn! Sadly, theres no away around this, but to try to keep your coins at even increments. I think this would be the lowest fee route and the least amount of work/effort/risk. While Coinbase's fees are pretty high in comparison to other brokers, so it's nice to avoid paying them if you can. No fees that way. KuCoin's main benefits are closely connected to its biggest weakness. SwissBorg would be easier in that instance. Yes, you can certainly do that! Write down how much we would like to send, and click confirm button. Having both pages open at the same time is common when transferring crypto. Odds are in favor the fee's are quite low anyways (or better than taxes)! Before you can transfer from KuCoin to Coinbase, you will need a Coinbase account. I have a small amount of bitcon (.0289BTC) and a small amount of Ethereum(.213 ETH). The only way around incurring such cost is by trading the altcoins for a non-Ethereum based token before I cash out. In the air I realized if the plane crashed, all is lost in those wallets. Coinbase Pro and Coinbase differ in fee structures. Coinbase offers ACH transfer, free wire transfers and bank account transfers. Every time I try to send Orchid, OX or Basic from my Coinbase Wallet back to mt Coinbase Account, details come up saying that I need ETH to pay the miners fee to send this coin? That is also the amount you will see applied for your payment method of choice. But the ledger will say the actual costs Coinbase paid vs. what you actually paid. Withdrawing these assets from Kucoin cost only:, The full list of fees that Kucoin charges for each blockchain can be found here., Withdrawing from Kucoin is the same thing as transferring from Kucoin to Coinbase. I am curious if you have a recommendation on which exchange I should use that can both automate my purchases weekly but also transfer to my ledger I am going to order. How To Transfer Crypto (BTC, ETH, ADA etc) From Binance to Uphold? What do they get in their email? In regards to sending BTC to an email there are services like this out there. If the coin you want to deposit is a different one than what you see, click on asset and change it. The fact that U.S. users can't get verified means KuCoin can offer a wider range of tokens and advanced crypto trading tools . If so how? Normally I have been exchanging DKK to EUR for buying crypto. This clearly isnt viable in future. The first step is to log into your Kucoin account in order to withdraw. There are countless brokerage platforms out there to choose from, each offering different features. Tether's issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Besides the underlying properties of the blockchain, it's also a question of how many people are using that blockchain at any given time. From there, they would have ownership of that BTC in the personal Coinbase account attached to the email address. Looking for small gains, frequently say $50 gains on $2k trades. 2. Get a free stock when you open an account below. But the high Coinbase fees are not worth the ease of use. Also, the fees charged by your KuCoin account will vary on what level of KYC youve completed. Heres my referrals if you need to create an account: I see that you highly recommend Binance in your comments. I can look at the transaction summary if you want to send me the blockchain.com information (hash, or block) send it to ryan@cryptoryancy.com if you want it off the site. Then we move back to Kucoin. You can search which coin you want to send as well, if you have too many assets, it would be easier this way than checking the whole list one by one. If you dont have a hardware wallet, you should get one. 4. So then I moved $100 and the fee was $11.55 (net $89.45 to wallet). Moving BTC from your wallet to an exchange takes like 10 minutes at most! At that point the law-of-insanity definition kicked in, i.e. Sorry to hear about this! Appreciate your help. Withdrawls are free so its pretty great. In most peoples eyes, this is way too expensive of a fee to send crypto. To lower your fees during your withdrawal, I recommend selecting a fast and low fee coin to do so. If you are just holding long term, Coinbase is a safe place to hold your coin (for an exchange). Is my thinking correct? Doing so requires a verified Coinbase account and an address. Again, thanks. Gemini is simpler to use than Binance.us but more expensive. Any help would be appreciated. Don't let Coinbase Pro scare you, especially if you are looking to save on fees. Hey Ryan: I am in TX and unfortunately, Binance is not available for TX residents. Fine with holding shorter term in Coinbase, that use for purchasing NFTs, but since pay fee to buy crypto, hate to pay fee again to just move it to my ledger wallet. After you select your asset, it will show a QR code and at the bottom, you will see the address. How can I lower this if it is a percentage because thats is a large percentage just to send $180 worth of crypto. If you key in $100 is the amount youre selling, the fee is 1.49%. But please do be vigilant of taxes when trading coins to move them out of your Coinbase wallet. I know ledger has a partner coinify or something I havent looked into yet but just wondering if you had an idea of what would be cheapest / easiest automation of purchases? Gemini Exchange Review and Guide to Gemini Fees, Is Kraken Safe to Use? All you have to do is make your first crypto purchase after signing up. They gave me 14 days to get everything out. The average withdrawal transaction fees are $8.85 for all coins. If you are new to the world of investing, one of the very first decisions you have to make is what platform or app to invest with. I made an account on Binance US, FTX US, Crypto.com, & Kraken to test the crypto transfer fees (simulating a transfer to my ledger) and with $20 btc it seems to cost $3-4 on every app (20% fees). Do you know if that is the way they carge the commission? The fees are quite small and can actually be adjusted based on how fast you need confirmation. Is it related to being in the UK? Here is an example of a $100 BTC purchase while paying from a bank account: <img class=lazy src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%2091'%3E%3C/svg%3E" data-src=https://cryptoryancy.com/wp-content/uploads/2018/10/Screen-Shot-2019-06-26-at-6.39.34-PM-300x91.png alt="Coinbase Fee Transaction Example" width=300 height=91> $1000 BTC purchase while paying from a bank account: <img class=lazy src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%2091'%3E%3C/svg%3E" data-src=https://cryptoryancy.com/wp-content/uploads/2018/10/Screen-Shot-2019-06-26-at-6.50.15-PM-300x91.png alt="Coinbase Fee Transaction" width=300 height=91> $100 BTC purchase while paying from a debit card: <img class=lazy src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%2093'%3E%3C/svg%3E" data-src=https://cryptoryancy.com/wp-content/uploads/2018/10/Screen-Shot-2019-06-26-at-6.53.48-PM-300x93.png alt="Coinbase Fee Example" width=300 height=93> These fees are always subject to change and can vary depending on your location and financial institution.
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