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Re: Buying Altcoin with Fiat or other Altcoin?
by
Itsmylife
on 29/12/2017, 02:01:01 UTC
Quote from: dominover on December 28, 2017, 10:23:12 PM
Quote from: AdolfinWolf on December 28, 2017, 01:16:10 PM
Quote from: dominover on December 28, 2017, 12:31:09 PM
Do cryptocurrency exchanges generally charge more for the exchange from FIAT money to Cryptocurrency than they do when
trading cryptocurrency for cryptocurrency?

For example, Independent reserve charges .5% when buying crypto with FIAT.  But is it generally the same again if I buy
say Altcoin with Bitcoin?

Bittrex/Poloniex only charge you maker/trader fees, which is less then 0.5% for sure.

I believe both of them add up to 0.3%/0.4%, which is definitely better then what you're being charged now.

https://bittrex.com/fees Bittrex - 0.25%

https://poloniex.com/fees/ 0.15% /    0.25%


Thanks for that information!  What I'm trying to understand is, are the fees generally higher for the initial buy in from fiat currency to crypto, or are the fees generally the same no matter where you start (that being from fiat or crypto)?

This is fees you must pay every time you exchange ( no matter what crypto coins or fiat you use). And this fees are calculated for both of seller and buyer.