I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
I think you might have misunderstood the Lightning Network method. LN to on-chain will have transaction fees, and if you use a service like Boltz or a custodial LN wallet, there’s an additional fee. The cheapest way is finding an exchange that offers a decent rate with free on-chain transfers.
TazerRaid said:
You could try the Strike app and a Trezor One wallet from Amazon.
Don’t buy a Trezor or any other crypto wallet from Amazon. They could be tampered with, and someone could steal your funds. Always buy directly from the manufacturer.
TazerRaid said:
You could try the Strike app and a Trezor One wallet from Amazon.
Don’t buy a Trezor or any other crypto wallet from Amazon. They could be tampered with, and someone could steal your funds. Always buy directly from the manufacturer.
I got mine from the manufacturer’s store on Amazon. It came sealed, so I think it’s safe.
TazerRaid said:
You could try the Strike app and a Trezor One wallet from Amazon.
Don’t buy a Trezor or any other crypto wallet from Amazon. They could be tampered with, and someone could steal your funds. Always buy directly from the manufacturer.
How is this happening now that only Trezor sells directly on Amazon?
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Kraken is a good exchange, but avoid using Ledger for cold storage. Cheaper isn’t always better.
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Kraken is a good exchange, but avoid using Ledger for cold storage. Cheaper isn’t always better.
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Kraken is a good exchange, but avoid using Ledger for cold storage. Cheaper isn’t always better.
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Kraken is a good exchange, but avoid using Ledger for cold storage. Cheaper isn’t always better.
Kraken has higher withdrawal fees though.
Kraken Pro has pretty low fees.
Yeah, they recently reduced their fees. Not too long ago, it was 0.0002 BTC to withdraw, and I paid around 12 euros just to move my funds. Now, it’s only 0.00001 BTC, which is much cheaper. I might switch back to them for dollar-cost averaging.
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Kraken is a good exchange, but avoid using Ledger for cold storage. Cheaper isn’t always better.
Kraken has higher withdrawal fees though.
Kraken Pro has pretty low fees.
Yeah, they recently reduced their fees. Not too long ago, it was 0.0002 BTC to withdraw, and I paid around 12 euros just to move my funds. Now, it’s only 0.00001 BTC, which is much cheaper. I might switch back to them for dollar-cost averaging.
Remember, the withdrawal fees are from the Bitcoin network, not Kraken.
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Kraken is a good exchange, but avoid using Ledger for cold storage. Cheaper isn’t always better.
Kraken has higher withdrawal fees though.
Kraken Pro has pretty low fees.
Yeah, they recently reduced their fees. Not too long ago, it was 0.0002 BTC to withdraw, and I paid around 12 euros just to move my funds. Now, it’s only 0.00001 BTC, which is much cheaper. I might switch back to them for dollar-cost averaging.
12 euros is still relatively cheap. Here in Canada, we often pay over $40 just to send funds to an exchange.
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
You’re doing the right thing by buying on an exchange and quickly transferring to cold storage. Most major exchanges don’t charge extra fees beyond the standard Bitcoin transaction fee. Kraken is one of the lowest in terms of fees for buying BTC. Here are the buy fees for major US exchanges:
Kraken Pro - 0.40%
Coinbase - 0.60%
Swan - 0% for the first $10K
Strike - 0.99%
River - 1.00%
I’m new to Bitcoin and could use some tips. I want to buy Bitcoin on an exchange and move it to a cold wallet with the lowest fees possible. My wallet allows buying Bitcoin directly, but the fees are too high.
I heard something about using Kraken to buy Bitcoin and then transferring it to an exchange that supports the Lightning Network before moving it to cold storage. But is this really saving money, or is there a better way?
I would love to know the best way to save on fees while transferring Bitcoin to cold storage! Appreciate any advice, thanks!
Don’t use the Lightning Network to store Bitcoin. Stick with the main network for savings, as fees on most exchanges are low. The Lightning Network is better for daily transactions.