✔️ Information reviewed and updated in November 2023 by Eduardo López
Something you should take into account is that cryptocurrency exchange or sale platforms are not free. That's right, its business model is based on the collection of commissions on the operations you carry out with cryptocurrencies.
If you are looking for a platform to operate, you must take these commissions into account if you want to maximize your profitability. To surprise you with the collection of expenses, here we will tell you what the main expenses of cryptocurrencies are in each of the popular platforms in cryptocurrency trading.
➡✨ Why are expenses incurred?
The expenses are generated by operating with the cryptocurrencies. That is, if you make an exchange, for example, or a purchase or sale, expenses will be incurred for performing this action. EThese expenses depend on the use of the Blockchain, the movement of the currencies, platform, etc.
Basically we could say that it is about the commissions or costs for using these platforms to carry out actions like the ones we mentioned. Expenses are the way in which a broker can earn money and cover all their needs so that you can continue operating.
➡✨ Cryptocurrency buying and selling platforms
- Bitfinex
Currency-cryptocurrency transaction: 0.1% - 0.2%
Withdrawal: 0.0004 BTC
- Bithumb
Currency-cryptocurrency transaction: 0.15%
Withdrawal: 0.001 BTC
- bitstamps
Currency-cryptocurrency transaction: 0.00% - 0.1%
Cryptocurrency-cryptocurrency transaction: 0.1% - 0.25%
Withdrawal: $ 10 (maximum amount: $ 1,000) more than $ 1,000 charge 2%.
- Coinhous to
Currency-cryptocurrency transaction: 0.2%
Withdrawal: 6% - 10%
- Creak
Currency-cryptocurrency transaction: 0% - 0.36%
Cryptocurrency-cryptocurrency transaction: 0.16% - 0.26%
Withdrawal: 0.09 euros or 0.005 BTC
- paymium
Currency-cryptocurrency transaction: 0% - 8%
Cryptocurrency-cryptocurrency transaction: 0.19% - 0.59%
Withdrawal: 20 euros.
➡✨ Cryptocurrency exchange platforms
- Bittrex
Cryptocurrency-cryptocurrency transaction: 0.25%
Withdrawal: $ 10
- Binance
Cryptocurrency-cryptocurrency transaction: 0.10%
Withdrawal: 0.0005 BTC or 4.14 dollars.
- Coinbase
Currency-cryptocurrency transaction: 1.49% to 3.99%
Withdrawal: 0.15 euros
- HitBTC
Currency-cryptocurrency transaction: 0% - 2%
Cryptocurrency-cryptocurrency transaction: 0.1% - 0.2%
Withdrawal: 0.00085 BTC
- Poloniex
Cryptocurrency-cryptocurrency transaction: 0.15% - 0.25%
Withdrawal: 0.0001 BTC.
