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[Eric Dolan]

I'm interested in investing more with new Altcoins and Bitcoin. I have Coinbase right now but they charge huge fees, and only deal with 3 coins Bitcoin, Litecoin, and Ethereum. Any suggestions?

 

[AudraMiller]

Besides binance or kucoin you can try phemex. A better option for crypto trading with low fees. Zeo fees for depositing and 0.025-0.075% fees in the trading and also has fiat bitcoin withdrawal fees.

I have never heard of this exchange before, but the deposit fees and exchange fees seem very good. What do you mean by fiat withdrawal fees for bitcoin? What sort of bitcoin withdrawal fees are there? This is a major factor for me, because may exchanges now have bitcoin withdrawal fees that are actually in excess of $30 for a single withdrawal which is quite ridiculous.

 

[sh199]

I have never heard of this exchange before, but the deposit fees and exchange fees seem very good. What do you mean by fiat withdrawal fees for bitcoin? What sort of bitcoin withdrawal fees are there? This is a major factor for me, because may exchanges now have bitcoin withdrawal fees that are actually in excess of $30 for a single withdrawal which is quite ridiculous.

First of all, there are no deposit fees for the users, and trading fees are also zero if you brought a premium membership. And fiat bitcoin fees mean that they charge only 0.0005 bitcoin for every time of withdrawal. Although, it is now around 30$. But other coin's withdrawal is also pretty low.
You can see all fees in here

https://phemex.com/fees-conditions

 

[AudraMiller]

First of all, there are no deposit fees for the users, and trading fees are also zero if you brought a premium membership. And fiat bitcoin fees mean that they charge only 0.0005 bitcoin for every time of withdrawal. Although, it is now around 30$. But other coin's withdrawal is also pretty low.
You can see all fees in here

Thank you for that information. I think that right now a lot of people are actually staying away from the withdrawal of bitcoin because of the fees that are associated with it. At the moment i make use of yobit with no deposit fees and 0.2% trading fees which is pretty good for all users.

 

[sh199]

Thank you for that information. I think that right now a lot of people are actually staying away from the withdrawal of bitcoin because of the fees that are associated with it. At the moment i make use of yobit with no deposit fees and 0.2% trading fees which is pretty good for all users.

Yeah, I heard about yobit. They also a big crypto exchange with various features. For trading crypto exchange some time does not matter, the matter is to know the crypto trading and strategies.

 

[AudraMiller]

Yeah, I heard about yobit. They also a big crypto exchange with various features. For trading crypto exchange some time does not matter, the matter is to know the crypto trading and strategies.

This is true. However i think for trading the site and its popularity is just as important as the transaction and trade fees, because if you have a site that is not very popular it is hard to trade because the volume on the trading pairs is quite low.

 

[sh199]

This is true. However i think for trading the site and its popularity is just as important as the transaction and trade fees, because if you have a site that is not very popular it is hard to trade because the volume on the trading pairs is quite low.

But also big exchanges require large trading fees, which is quite a headache. Like Binance, the largest crypto exchange requires large fees. Today experienced, for trading 10$ BnB to busd it took 0.15$ trading fees.

 

[AudraMiller]

But also big exchanges require large trading fees, which is quite a headache. Like Binance, the largest crypto exchange requires large fees. Today experienced, for trading 10$ BnB to busd it took 0.15$ trading fees.

That is quite substantial and definitely a deterrent when it comes to the actual interest in the cryptocurrency market and the respective trading as well. I think that there should be a maximum amount charged on a trade so that there is actually promoting bigger trades.

 

[Angel7]

at this link here they mentioned a list of countries banned on phemex and where i live is on that list. even usa is on that list and i think allot of people here are from there

 

[AudraMiller]

at this link here they mentioned a list of countries banned on phemex and where i live is on that list. even usa is on that list and i think allot of people here are from there

Do you have any idea as to why these countries were banned and what was the steps taken that resulted in this ban? I am sure that generally exchanges only implement such extreme actions if they are continuous violations of their rules and regulations from the countries in question.

 

[Angel7]

Do you have any idea as to why these countries were banned and what was the steps taken that resulted in this ban? I am sure that generally exchanges only implement such extreme actions if they are continuous violations of their rules and regulations from the countries in question.

sorry i dont know but i think some of them are banned because of the rules in their country. many contest sites banned quebec just because of quebec's contest rules.

 

[BusyCat]

Try Binance , because they have stablecoins which you can use for trading and making profits. Though bitcoin fees is high in Binance you can withdraw other crypto.

 

[AudraMiller]

Try Binance , because they have stablecoins which you can use for trading and making profits. Though bitcoin fees is high in Binance you can withdraw other crypto.

I think that the fees of bitcoin being high is true of all of the exchange platforms. This is something that i also noted with the yobit exchange platform as well.

 

[BusyCat]

I think that the fees of bitcoin being high is true of all of the exchange platforms. This is something that i also noted with the yobit exchange platform as well.

Yeah , thats why if we one needs only bitcoin , I suggest him/her to withdraw altcoin from binance to coinbase and then swap that altcoin to bitcoin in coinbase.

 

[AudraMiller]

Yeah , thats why if we one needs only bitcoin , I suggest him/her to withdraw altcoin from binance to coinbase and then swap that altcoin to bitcoin in coinbase.

I personally tend to try and rely on altcoins as opposed to any bitcoin transaction so that it is cheaper to deal with. Should i need bitcoin though i think that faucetpay offers the best withdrawal fee.

 

[BusyCat]

I personally tend to try and rely on altcoins as opposed to any bitcoin transaction so that it is cheaper to deal with. Should i need bitcoin though i think that faucetpay offers the best withdrawal fee.

Yeah it offers slow withdrawal of around 5000 satoshis fees I think which is low enough compared to other big exchanges with big fees.