13
votes
Accepted
What are taker and maker fees?
When a market charges taker and maker fees, they differentiate whether you're increasing the size of the order book or decreasing the size of the order book.
When you create an order that is ...
- 72.8k
11
votes
Accepted
Is there any way to buy bitcoins online without a fee?
Of course you may trade bitcoins with just anyone without having to pay fees to a centralized exchange.
I think Bisq (formerly BitSquare) may be the best answer to the question; decentralized, free ...
- 831
8
votes
Is there any way to buy bitcoins online without a fee?
Some Chinese exchanges don't charge a fee.
Any site that has possession of your bitcoins or dollars means there is at least some risk of getting ripped off.
So unfortunately, what you ask for doesn'...
- 7,749
8
votes
How much does it effectively cost to purchase currency at an exchange?
Essentially, you have to factor in 3 fees in a purchase:
1. Deposit fee (if applicable)
This is usually a fee for wire transfers, and from my experience is only relevant if you deposit cash across ...
- 1,672
6
votes
How are Fees Charged at Kraken?
How are fees charged?
They are charged in the currency fee set during a trade.
Due to a discreet nature of trade matching process, it's rather tricky to give a definite answer on how each individual ...
- 1,672
6
votes
Is there any way to buy bitcoins online without a fee?
There is no middle man for using Bitcoin. If all your income and expenses were in Bitcoin, the transfers would have negligible overhead. But what you are looking for is a service that will take your ...
- 19.7k
4
votes
Accepted
Need a cold wallet. Segwit, Lightning, Fees?
Fees are not based on the value that is being transferred but rather the size of the transaction in bytes. The fee is to pay the cost of storing the data that makes up the transaction itself, not for ...
- 68.5k
4
votes
Accepted
What happens if I send small amount of btc lesser than fee?
The money has been placed under the control of the recipient.
There is no way to undo a transaction. Even when the recipient declines to perform the service being paid for.
If you overlooked or ...
- 25.2k
4
votes
Is there an opensource crypto-currency exchanges engine?
Bitsquare.io is currently the state of the art and it is open source:
https://github.com/bitsquare/bitsquare/
- 381
3
votes
Why are the fees for converting Ripple to Bitcoin so high?
This is most likely explained by the high fees on bitcoin. These services still have to move the bitcoin from one wallet to another and you have to pay a fortune at this time, about $6- $19. You didn'...
- 31
3
votes
What are taker and maker fees?
A maker fee is when you create an order on the order book (this could be a buy or a sell) and someone else completes it, therefore you pay no fees and get the amount paid. The one that completed your ...
- 131
3
votes
Accepted
Why does my withdrawal fee not match the transaction fee I'm seeing on a block explorer website?
As an aside, Bitcoin transaction fees are paid in BTC, not in dollars. To understand how and why bitcoin transaction fees work, you need to consider them in this way.
From what you have written, it ...
- 18k
2
votes
Is there any way to buy bitcoins online without a fee?
Edit July 2018: These sites, even all this thread could be outdated. My opinion some years later has changed.
Fee is the way the exchanges win money, so if you trust some exchange without fee...
The ...
- 121
2
votes
Accepted
Bitcoin transaction fees and exchanges
Bitcoin was never really meant to have no/low transactions fees. What was always intended (and still is true) was to have market driven transaction fees. In fact, as block rewards grow smaller, the ...
- 8,822
2
votes
Accepted
How can coinbase charge less than the average transaction fee?
Coinbase holds a large amount of Bitcoins. When you buy Bitcoin on Coinbase, they do not need to actually send it to your wallet, they just need to say on their servers that you own X amount of ...
- 947
2
votes
Accepted
Which crypto exchanges charge zero maker fees other than GDAX?
According to this list, these exchanges have zero maker's fee:
GDAX
Coinfloor
itBit
Luno
Cex.io
There are probably more exchanges, but those aren't listed there.
- 1,286
2
votes
What will be the fee in $ for a 500$ transaction?
Fees are not based on the amount being transferred, but instead on the amount of space the transaction occupies.
For a very simple transaction with one input and two outputs, you would occupy a few ...
- 16.9k
2
votes
Accepted
Is it normal to pay a fee to buy bitcoins and then pay a fee to send them?
From the values you present, it appears that Binance has a flat fee of 5 mBTC for withdrawals of less than 0.1 BTC. While transaction fees in Bitcoin scale with the data written to the blockchain ...
- 72.8k
1
vote
Accepted
Hidden fees in a transaction: How to anticipate one and avoid another?
I understand that the "dynamic network fee" is part of the process of operating the blockchain and cannot be avoided. But how can I anticipate in advance how much to expect this fee to be?
...
- 68.5k
1
vote
Fees when withdrawing funds from bitcoin?
Does one have to pay a fee to withdraw funds from their bitcoin account into cash
If you have a Bitcoin account you are either storing money in a service like an exchange or are using an obsolete ...
- 25.2k
1
vote
Is there any exchange website that directly converts to a specific currency once a cryptocurrent payment is received?
What you're looking for is a payment gateway service, and if they take settlement in fiat such as USD or Euro.
It appears Coinpayments.net works on Woocommerce and allows you to withdraw in fiat ...
- 141
1
vote
Need a cold wallet. Segwit, Lightning, Fees?
As stated, the exchange and wallet should both tell you the fee. Right now, the fee is around $10 in Fiat.
Strongly recommend using a paper wallet with multiple copies to store BTC long term! Take ...
1
vote
How do exchanges set their transaction fees?
Exchanges set their own fees because they are the custodian of your funds. They could charge you more or less than the network actually costs. Some exchanges charge a higher fee in order to ensure ...
- 13
1
vote
Can I create a Blockchain copy (up and running) in order to make my own bitcoins transfers without Fee?
Anyone can create their own blockchain, but you will not be able to reconcile your chain with the bitcoin blockchain at a later date (even if you start your chain by forking off from a certain btc ...
- 18k
1
vote
Bitcoin exchange where you can set your own wallet instead of using one provided by the exchange
You forget something. Who pays it then?
I basically want to avoid the extra cost of transferring...
That means that the people of the exchange have to transfer it for you and that means that ...
- 2,117
1
vote
Bitcoin Cash - How to get estimated fee and send transaction
The fees for Bitcoin and Bitcoin Cash are not fixed, but are driven by supply (block space) and demand (transaction volume) in their respective markets. They are independent of each other, so ...
- 23k
1
vote
Accepted
How do I read this cryptocompare table?
24H means 24-hours period.
Open 24H:
The price of the first transaction 24 hours ago.
Range 24H:
H - High: Highest price reached.
L - Low: Lowest price reached
Last Trade:
Value of the last ...
- 1,286
1
vote
How do exchanges handle fiat currencies?
Theses answers are going to depend on a couple of factors:
1) The particular exchange you are working with.
Each exchange is going to have its own set of policies and different levels of transparency ...
- 421
1
vote
Accepted
how to be a maker for either bid or ask orders on bitcoin exchanges?
In general, you can't know for certain.
Let's say you want to buy. You will be a maker if, and only if, your price is below the lowest price of any sell order (the Ask price) at the instant your ...
- 23k
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