Ninjastic
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Board Exchanges
Re: Best exchange with lowest fees to sell BTC
by
Findingnemo
on 19/03/2021, 14:30:06 UTC
Quote from: dazz. on Today at 07:51:16 AM
Quote from: joniboini on Today at 07:28:11 AM
According to https://www.kraken.com/features/fee-schedule, that 1.5% is for their instant trade services. If you use the spot trading platform, the fee is lower than that (if I understood it correctly). Most exchanges do this btw, you pay a premium if you use any instant trade services since it doesn't go to the order book, which is probably good for a trade with a huge volume.

You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.

I'll need to figure out what a spot trading platform is. Yes, I'm totally clueless. This is the first time I sell BTC for FIAT. Thanks for the tip.


Spot trading platform is the traditional trading platform where you can create your order at your desired price when the price match with someone's buying order the order will be executed then you can transfer the funds to you wallet or to bank.

Binance itself a spot trading platform where you can trade at the lowest possible fee which is 0.1 and you also will get further discounts on the fee when you are having BNB in your exchange's wallet.