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Announcing new combined topic for F@H. Official LTT F@H FAQ & Guide.

What's the cheapest easiest way to buy and sell Bitcoin as of 2021?

I used to dabble in crypto around 5-6 years ago and used to mine Ethereum myself.

At that time, to buy and sell cryptocurrency, you had to buy and sell to individual sellers who were online and paying different prices depending on payment methods (cash / PayPal / Bank transfer etc) on some brokerage-like website and it seemed a little bit unprofessional compared to what cryptocurrency could be.


I know Coinbase exists, but they usually charge large fees. 


As of 2021, what's currently the easiest and best platform to buy and sell Crypto (specifically Bitcoin) weekly? (Transactions between £500 - £10K.)


No self-promotion of advertising please. Also, I am in the UK so my base currency is pounds £.

On 11/5/2020 at 10:12 PM, dizmo said:

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other than coinbase, you could try binance?

 

0.1% fee per transaction, i think

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1 minute ago, Moonzy said:

other than coinbase, you could try binance?

 

0.1% fee per transaction, i think

Coolio, I haven't heard of that one before. I'll give it a whirl.

On 11/5/2020 at 10:12 PM, dizmo said:

AMD is, frankly, pathetic.

CPU: AMD Ryzen 9 16-core 5950X

CPU Cooler: Artic Freezer 2 AIO 360mm Radiator

Motherboard: Asus ROG Strix X570-F Gaming

Memory: 32GB (2x16GB) G.Skill Trident Z Royal 3600 MHz CL16

GPU: Nvidia Founders Edition RTX 3090

Storage OS: 500GB Samsung 980 Pro Gen4 M.2 NVme SSD

Storage Games: 2TB Corsair MP600 Gen4 M.2 NVme SSD + 2TB Samsung 860 Evo SSD + 500GB Samsung 850 Evo SSD

Storage Misc: 3x 2TB Seagate Barracuda Compute 7200 RPM

PSU: Corsair HX Platinum 1000W 80+

Case: Fractal Design Meshify S2 ATX Mid Tower

Monitor: Asus PG258Q 240Hz 1ms 1080p TN panel 24.5"

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Yeah go to one of the (larger) exchanges. For Coinbase you need to be aware that there is Coinbase and Coinbase Pro, the latter having much lower fees from what I've read. I use Binance personally, but IIRC in the case of Coinbase people use Coinbase as their "fiat onramp" (i.e. deposit fiat) and then move it to Coinbase Pro to do the actual trading to benefit from the lower fees there. I think there's zero-fee transfers between Coinbase and Coinbase Pro.

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There's kraken too if you want to buy via debit card(intermediate level verification), although the fees are a little higher than wire transfer.

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i prefer kraken because the fees aren't shit. an outgoing wire transfer is only $5 and $0 for incoming wire transfers, there is small fees for each trade but I've never had a fee over $0.50 for a trade.

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