๐๐ฎ๐๐ณ๐ข๐ง๐ก๐จโ๐ฌ ๐๐ฎ๐ข๐๐ ๐ญ๐จ ๐๐ฎ๐ฒ๐ข๐ง๐ /๐๐๐ง๐๐ข๐ง๐ ๐๐๐ ๐๐ก๐๐๐ฉ๐ฅ๐ฒ ๐ข๐ง ๐๐๐๐
๐๐ป๐๐ฟ๐ผ;
With the BTC fee crisis looming I have decided to write this up-to-date guide on the cheapest ways to acquire and send BTC cheaply. Although I have done my best to research purchase fees and possible send fees alike, all the fees listed may not be 100% accurate due to constant evolution of fees and lack of information on the web regarding this topic. This guide however should generally help Biggaz to reduce the cost of buying on LB. Please bear in mind I have checked the fees on at least 12 commonly mentioned exchanges here and the ones listed are the cheapest I could find.
๐ง๐ถ๐ฝ๐ ๐ฎ๐ป๐ฑ ๐ง๐ฟ๐ถ๐ฐ๐ธ๐;
1) On some exchanges depositing via bank tr@nsfer vs buying with a card will dramatically reduce purchase fees.
2) If possible choose an exchange that has no record of closing accounts for interacting with biggy addressโ, this will mean you donโt need to send to an external wallet before sending here, reducing your network fees.
3) BTC Network Fees tend to be lower during nighttime in the eastern US. 01:00 to 11:00 UK time.
4) When sending BTC from a wallet/exchange that supports adjustable fees, consider lowering your transaction priority, donโt lower the fees too much tho or else your transaction may take a long time to confirm.
5) Do not just settle for the first network fee that you are offered, keep checking back often. Fees can change drastically even in a matter of minutes.
๐๐ต๐ฒ๐ฎ๐ฝ๐ฒ๐๐ ๐๐
๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ ๐๐ผ ๐๐๐/๐ฆ๐ฒ๐ป๐ฑ ๐๐ง๐;
Cฬฒoฬฒiฬฒnฬฒbฬฒaฬฒsฬฒeฬฒ;
BTC Purchase fee = 3.99% CC/DC, 1.49% bank tr@nsfer
BTC send fee = Network Fee Only
Lฬฒuฬฒnฬฒoฬฒ;
BTC Purchase fee = 1.5%
BTC send fee = Network Fee Only
Bฬฒiฬฒtฬฒpฬฒaฬฒnฬฒdฬฒaฬฒ;
BTC Purchase fee = 1.74%
BTC send fee = Network Fee Only
Kฬฒrฬฒaฬฒkฬฒeฬฒnฬฒ;
BTC Purchase fee = 3.75% CC/DC, 0.5% + 0.9% or 1.5% bank tr@nsfer
BTC send fee = Fixed 0.0004 BTC fee (recently increased)
MฬฒoฬฒoฬฒnฬฒPฬฒaฬฒyฬฒ(ฬฒnฬฒoฬฒnฬฒ-ฬฒkฬฒyฬฒcฬฒ ฬฒoฬฒpฬฒtฬฒiฬฒoฬฒnฬฒ);
BTC Purchase fee = 4.5% CC/DC, 1% bank tr@nsfer
BTC send fee = Processing Fee + Network Fee
๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐;
Although I go into detail here about purchase fees, network fees are the biggest issue nowadays. Cutting out the need to send to an external wallet is the most efficient way to reduce the cost of buying on LB. Overall Coinbase via bank t is the cheapest option if you are sending directly to LB, Coinbase do however have a history of closing accounts for interacting with LB address', which means you may need to send to an external wallet before buying here.Moonpay has great bank tr@nsfer purchase fees but they charge a processing fee to send BTC which cancels this out. In this case ๐๐๐ป๐ผ ๐ผ๐ฟ ๐๐ถ๐๐ฝ๐ฎ๐ป๐ฑ๐ฎ ๐ฎ๐ฟ๐ฒ ๐๐ผ๐๐ฟ ๐ฏ๐ฒ๐๐ ๐ฏ๐ฒ๐๐ in my opinion as to my knowledge they have no record of closing accounts for sending here and both have small purchase fees.
