𝐁𝐮𝐝𝐳𝐢𝐧𝐡𝐨’𝐬 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐁𝐮𝐲𝐢𝐧𝐠/𝐒𝐞𝐧𝐝𝐢𝐧𝐠 𝐁𝐓𝐂 𝐂𝐡𝐞𝐚𝐩𝐥𝐲 𝐢𝐧 𝟐𝟎𝟐𝟒
𝗜𝗻𝘁𝗿𝗼;
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.
𝗧𝗶𝗽𝘀 𝗮𝗻𝗱 𝗧𝗿𝗶𝗰𝗸𝘀;
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 address’, this will mean you don’t 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, don’t 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.
𝗖𝗵𝗲𝗮𝗽𝗲𝘀𝘁 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 𝗕𝘂𝘆/𝗦𝗲𝗻𝗱 𝗕𝗧𝗖;
C̲o̲i̲n̲b̲a̲s̲e̲;
BTC Purchase fee = 3.99% CC/DC, 1.49% bank tr@nsfer
BTC send fee = Network Fee Only
L̲u̲n̲o̲;
BTC Purchase fee = 1.5%
BTC send fee = Network Fee Only
B̲i̲t̲p̲a̲n̲d̲a̲;
BTC Purchase fee = 1.74%
BTC send fee = Network Fee Only
K̲r̲a̲k̲e̲n̲;
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)
M̲o̲o̲n̲P̲a̲y̲(̲n̲o̲n̲-̲k̲y̲c̲ ̲o̲p̲t̲i̲o̲n̲);
BTC Purchase fee = 4.5% CC/DC, 1% bank tr@nsfer
BTC send fee = Processing Fee + Network Fee
𝗦𝘂𝗺𝗺𝗮𝗿𝘆;
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 𝗟𝘂𝗻𝗼 𝗼𝗿 𝗕𝗶𝘁𝗽𝗮𝗻𝗱𝗮 𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝗯𝗲𝘁𝘀 in my opinion as to my knowledge they have no record of closing accounts for sending here and both have small purchase fees.
