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Which exchange has the lowest transaction fee?


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#1 chushkin

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Posted 27 August 2017 - 11:47 PM

I know that the transaction fee varies from site to site, but which one has the lowest? 



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#2 imhome

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Posted 28 August 2017 - 12:43 AM

I know that the transaction fee varies from site to site, but which one has the lowest? 

The lowest, as far as i know is on Bithumb 0.15% for small transactions.



#3 chushkin

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Posted 28 August 2017 - 01:20 AM

 

I know that the transaction fee varies from site to site, but which one has the lowest? 

The lowest, as far as i know is on Bithumb 0.15% for small transactions.

 

Does it go lower for larger amounts?



#4 softeyes

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Posted 28 August 2017 - 01:29 AM

Would the exchange you are asking about be for currency?

 

A transaction fee is different than currency conversion fees.

 

1) foreign transaction fee is charged on credit card transactions outside the country where the card was issued.

 

2) Currency conversion fees are the result of Dynamic Currency Conversion, or DCC. This fee is charged by an overseas merchant to convert transactions into dollars (or whatever your home country’s currency is).

 

Full article to assist you with clarification for your needs: https://www.nerdwallet.com/blog/credit-cards/foreign-transaction-vs-currency-conversion-fees-difference/

 

From nerdwallet, they have general information about where to exchange currency without paying huge fees:

https://www.nerdwallet.com/blog/banking/exchange-currency-paying-huge-fees/

 

Are you traveling from the USA?

 

My experience when travelling to Europe: I need a credit/debit card and currency. Not all countries will take credit cards unless they have a PIN. The fees, taxes, exchanges, available locations to exchange currency differ from country to country. And, fees can change daily. Of course, my opinion.

 

P.S. Welcome to BleepingComputer!  :welcome:



#5 imhome

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Posted 28 August 2017 - 03:03 AM

 

 

I know that the transaction fee varies from site to site, but which one has the lowest? 

The lowest, as far as i know is on Bithumb 0.15% for small transactions.

 

Does it go lower for larger amounts?

 

It does based on volume. Bithumb also sells coupons for fixed amounts that have extremely low fees which is why so many people use them.






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