Post
Topic
Board Beginners & Help
Re: Buy bitcoin for 10USD, transaction fees is 6USD
by
A1exander
on 19/10/2017, 07:48:41 UTC
Hi,

Lets say I want to buy bitcoin for 10USD. Do I have to pay 6USD as transaction fees? How do you trade really small values of bitcoins?(Withdraw from one bitcoin wallet to another?)

You do not have to pay $6 for transaction fees, as far as I know, currently a typical fee is much less. However, if you buy bitcoin at an exchange, there is a withdrawal fee, which is usually 0.001 BTC, almost $6 at the current rate. So buying and withdrawing BTC in such small amounts is very wasteful.