We do not currently accept deposits via credit card, debit cards (in most countries), PayPal, or similar services.Digital asset transactions, including bitcoin transactions, are nearly instant and practically irreversible, and the risk of fraudulent transactions from credit card or similar into bitcoin is too high for us to take on right now.See, that’s what the app is perfect for._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 4 down vote favorite If I buy crypto-currency at, for example, Kraken, how much does it effectively cost me to buy it and move it to another wallet or exchange?exchanges buy-bitcoins sell-bitcoins exchange-fees up vote 6 down vote Essentially, you have to factor in 3 fees in a purchase: 1.Deposit fee (if applicable) This is usually a fee for wire transfers, and from my experience is only relevant if you deposit cash across economic zones, albeit this is slowly reducing to 'anywhere to asia', or outside of the SEPA zone.

Kraken charges 5€ per wire transfer, SEPA transfers are free as of the time of writing this post.Trade fee This fee depends on 2 factors: Your current trade volume tier, which you can find at the top right of your account on the Kraken webpage.This is calculated in fiat currency, and based on the traded volume in the past 30 days.The order type you buy your currency with.A Taker fee is charged, if you buy using 'market' orders - that means you'll get the best available price on the market for the volume of currency you'd like to buy/sell.titan bitcoin ebayIf you buy using any other order type, you'll be charged the maker fee.nz bitcoin poolYou'll notice that the taker fee is higher than the maker fee - this is because it is assumed that buying via market orders takes away liquidity from the market (there are less offers available), whereas limit and other order types add liquidity to the market (it adds to the offers available on the market).* *It is worth noting that some exchanges still charge you the taker fee, despite quoting using limit orders - this usually happens if you quote an existing order, causing your order to resolve instantly.cow bitcoin game

Bitstamp is such one example.Withdrawal Fee (if applicable) This fee is charged with any withdrawal you make from your account.On Kraken, this fee is 0.0005 BTC for BitCoin, and 0.02 LTC for LiteCoin withdrawals.Additional fees are charged if you use BitGo, which adds an additional 0.1% cost to your withdrawal.In cases where you may need your BitCoins fast, this may be worth it.You can check on the fees for other currency on their respective withdrawal page on your Kraken Account's website under the Funding tab.bitcoin historical calculatorBringing it all together This put all together leaves you with the following (slightly unwieldy) formula to calculate your actual cost of purchasing currency at Kraken: (Deposit Fee) + (Order Volume * Quote Price) + ((Order Volume * Quote Price) * Transaction Fee) + (Withdrawal Fee * Quote Price) Please keep in mind that your bank and any recipient you send your currency to may also charge you fees; these will have to be factored in as well.bitcoin on 4chan

Example: You'd like to buy 1 Bitcoin @ 500€, deposit via bankwire, use a market order and transfer it via BitGo Instant.Your Trade Volume Tier is 1.Deposit Fee = 5€ Order Volume = 1 Quote Price = 500€ Transaction Fee = 0.0026 (or 0.26%) Withdrawal Fee = (0.0005BTC + (Order Volume * 0.001)) * Quote Price Gives you this: (5€) + (500€ * 1) + ((500€ * 1) * 0.0026) + ((0.0005 + 0.001 * 1)) * 500€) = 507.05 € Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.ethereum valuationBrowse other questions tagged exchanges buy-bitcoins sell-bitcoins exchange-fees or ask your own question.bitcoin faucet profitThe maturing Bitcoin ecosystem has brought us a wider selection of bitcoin service providers.bitcoin mining in malaysia

There are now many bitcoin exchanges you can choose from, and more flexibility in terms of payment options.Here are 10 exchanges you can use to buy and sell bitcoins.14 Best Bitcoin Wallets For Secure Bitcoin Storage Here's something every bitcoin owner should know: the safety and security of your bitcoins is ultimately your responsibility.…Read more All of these options accept US Dollars, and may accept other currencies and/or cryptocurrencies.Most of these options require user verification before bitcoin purchase, in line with KYC/AML regulations (Know Your Customer/Anti Money Laundering).bitcoin government shutdownOne of the most reputable bitcoin exchanges available, Coinbase is popular among fans of the ‘dollar cost averaging’ method, where users can automate bitcoin purchase every week or month.It is a no-fuss platform for just bitcoin buying and selling.Best for: Reputation as a dependable bitcoin exchange Choose another exchange if: You perform dubious activities.

This company monitors transactions for suspicious activities and may close accounts anytime.LocalBitcoins can be described as less of an exchange and more as a platform where individual bitcoin buyers and sellers from all over the world can find each other.You will be directed to a country-specific page and will be able to pick who you want to buy/sell bitcoins from.The in-built escrow system will protect both parties until the seller releases it after confirmation of payment.Best for: Trading directly from individuals Choose another exchange if: You don’t want to be exposed to scammers.There are some in this platform who may provide fake bank transactions.In-person buying/selling can be dangerous as well.A trading-focused bitcoin service provider, Kraken appeals to bitcoin traders as you can leverage and even short on the platform.They are very reputable and was one of the first bitcoin exchanges to pass an independent audit.Choose another exchange if: You don’t know how to setup 2-factor authentication (2FA).

Entire accounts have been drained when customers fail to set this up.This bitcoin exchange recently celebrated 5 years of operations and is the first licensed operator.BitStamp is a favorite due to its ability to accept bitcoin purchase with credit or debit cards.Users can also withdraw bitcoins as physical gold – a novelty not offered by any other bitcoin exchanges in this list.This Hong Kong-headquartered bitcoin exchange is appealing for both traders and investors.The website is less flashy than the rest but practical.OKCoin is best for experienced traders with high familiarity with trading tools and platforms.Choose another exchange if: You are not a trader.This is another platform that recently celebrated its 5th anniversary.BTC-e platform is very transparent – you can see a live tracker with the current bitcoin price and the most recent transactions in the platform from the trade history.The chatbox sometimes has interesting discussions, offering insight of buyer/seller sentiment.

Choose another exchange if: You prefer a nicer-looking platform.Another trading-oriented bitcoin exchange in this list, ItBit offers reasonable rates for bitcoins but bear in mind there is a small fee on top of it.They offer ‘boutique service’ for large bitcoin trades over 100BTC.Best for: Full-service, premium bitcoin trading services.Choose another exchange if: You want small amounts of bitcoins.As the name suggests, BitQuick is all about speed.How it operates is similar to LocalBitcoins where you buy and sell from other individuals.Buying bitcoins will incur 2% fee.However selling bitcoins are free.Choose another exchange if: Speed isn’t a factor.Circle is a pretty-looking platform and suitable for light to casual bitcoin users.Marketed first as a user-friendly payment platform with chat integration, you can link debit card, credit card or bank account to send money via Bitcoin’s blockchain to friends and family.Best for: New bitcoin users who need funds transfer solution rather than holding bitcoin Choose another exchange if: You truly want to keep the bitcoin or blockchain part invisible.