Bitcoin Forex Forum | Forex Community Place
Bitcoin Forex Forum
Forex Community Place
Page 1 of 2 12 LastLast
Results 1 to 10 of 14

Thread: How to minimise the trading fee?

  1. #1

  2. The Following 2 Users Say Thank You to Juskopo For This Useful Post:


  3. #2
    Tips to reduce transaction fees:

    1. Compressed public keys.
    2. Payment batching
    3. Patient spending
    4. Dynamic fee estimation

  4. #3
    Quote Originally Posted by Newbie_trader View Post
    Tips to reduce transaction fees:

    1. Compressed public keys.
    2. Payment batching
    3. Patient spending
    4. Dynamic fee estimation
    Thank you for sharing this! I would definitely use one of them!

  5. #4
    Hmm... I like to try the public key compression.

  6. #5
    Quote Originally Posted by AbdulShiek View Post
    Hmm... I like to try the public key compression.
    What have you heard about it? Is it effective?

  7. #6
    Quote Originally Posted by Newbie_trader View Post
    Tips to reduce transaction fees:

    1. Compressed public keys.
    2. Payment batching
    3. Patient spending
    4. Dynamic fee estimation
    Payment batching is actually effective. I made a schedule on when to fund my account and I do it with huge amount so the intervals are wide. This way, fees are reduced. Unlike when you deposit every now and then, every transaction has separate fees. This becomes more costly.

  8. #7
    Quote Originally Posted by Mr. Cid View Post
    What have you heard about it? Is it effective?
    Yeah, it is actually effective. You can save up by a little percent when you use public keys with smaller byte size. This also allows more to be stored in a wallet.

  9. #8
    Quote Originally Posted by Aya View Post
    Yeah, it is actually effective. You can save up by a little percent when you use public keys with smaller byte size. This also allows more to be stored in a wallet.
    Thanks! I'll give it a try next week.

  10. #9
    Senior Member ayazfx's Avatar
    Join Date
    Nov 2019
    Posts
    198
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    3
    Thanked 28 Times in 23 Posts
    Also called a stock trading fee, this is a brokerage fee that is charged when you buy or sell stocks. Mutual fund transaction fee: Another brokerage fee, this time charged when you

  11. The Following 2 Users Say Thank You to ayazfx For This Useful Post:

    Unregistered (2 )

  12. InstaForex
  13. #10
    Quote Originally Posted by Aya View Post
    Yeah, it is actually effective. You can save up by a little percent when you use public keys with smaller byte size. This also allows more to be stored in a wallet.
    I should probably try it too next time. I have always been looking for ways to lessen my transaction costs. I hope this technique works out well.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Earn up to
$50 000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit