Trading platforms and their fee for USDT/Bitcoin transaction

Reelnetwork

Power Member

Oct 12, 2009

684

248

• Jul 27, 2024

• #1

I used Paxful for buying USDT last time to make a $200 transaction by sending it to an external wallet, but Paxful took $40 as a fee.

I am sure that was high and there are surely those who charge lower than that. What are those? Thanks.

 

AuxWritzau

BANNED

Apr 20, 2022

906

393

• Jul 27, 2024

• #2

Leave Paxful, the fees are higher than any I've personally used and that platform is full of scams with system that supports them to thrive.

Rather use Binance at least they have a system that's fair and support that works.

Lost funds there, multiple times!

 

pennyweight

BANNED

Nov 17, 2021

883

519

• Jul 27, 2024

• #3

You have ByBit P2P, I think its better.

 

hallo002

BANNED

Apr 7, 2011

126

30

• Jul 27, 2024

• #4

their fees is very high

try kucoin p2p

 

PIX3LATED

BANNED

Feb 27, 2024

15

10

• Jul 28, 2024

• #5

Reelnetwork said:

I used Paxful for buying USDT last time to make a $200 transaction by sending it to an external wallet, but Paxful took $40 as a fee.

I am sure that was high and there are surely those who charge lower than that. What are those? Thanks.

Click to expand...

Yikes! $40 in withdrawal fees is obnoxiously high. I know for a fact that Coinbase and Kraken have A LOT lower fees, like a couple $ - it somewhat depend on the transfer fees on chain at that time as well.

 

Reelnetwork

Power Member

Oct 12, 2009

684

248

• Aug 3, 2024
• Thread Starter Thread Starter

• #6

I tried all the above methods, and they were either not working or even their registration process was ridiculous.

I had to finally resort to Paxful again given the urgency of the transaction and I expected 20% fee again but this time I had to pay a fee of only 7 USDT for sending 200 USDT to an external wallet.