1Yr

@six With 12 savings plan versions, that's an incredible difference of €5.
I'd be poor if I took Bison :D

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1Yr

@six I would block you immediately for the tip

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1Yr

@Testo-Investor:D

What are your backgrounds?

You have Binance, right?

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1Yr

@Alpalaka Have a look at my page, I wrote a very long report about stock exchanges and BaFin licensing, that it is only a sham security, although it is simply a complete monitoring nothing more.

That is the main reason and depending on the costs the main reason why I trade on Binance no BAFIN and the cheapest fees on the market and on top of that super secure because one to one insurance on $500 billion!!!!

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six@six

1Yr

@Testo-Investor Spread is higher. But somehow I have more confidence in the Stuttgart Stock Exchange than in any other crypto exchange.
But I also don't have a savings plan, but rather buy in tranches.
I would continue to buy there, as I don't have any doubts that if I buy 1 BTC and then transfer it, it will only be 0.9999.

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1Yr

@six Don't take it personally, but unfortunately you have no idea. For the following reasons the trading volume on Binance is 20-40 billion dollars a day in Bitcoin alone. Binance manages $500 billion in crypto assets... Binance has one-to-one insurance on every dollar invested in crypto.

So you're telling me you trust a booger exchange in Stuttgart more than the global market leader where all the billionaires have millions of billions of euros ????

Do you figure it out yourself or do you really think the millionaires would leave their money there if we were in any way unsafe? Thank you, topic closed 💪💪💪

And precisely because you buy spot in larger industries, it must be super interesting for you to have low fees or am I seeing it wrong zero, 1% to 1.5% that's worlds ... and especially if you buy spot, you can immediately send the coins to your wallet if you don't have any trust, which I find totally stupid ...

As I said, it's useful personally, but you'd better find out more and I can post again about how Binance secures its crypto holdings and what security mechanisms have now been implemented.

And just because the exchange is in Germany, I wouldn't trust that . The basic principle of crypto is freedom and you make yourself completely naked, so every transaction is monitored by you and if your face doesn't suit them at some point then that's it with you - that's the next reason why I don't trade on German exchanges because I'm exactly fed up with the whole system that is currently running here.

As I said, please don't take it personally, but such statements unfortunately make me a bit angry.

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six@six

1Yr

@Testo-Investor No problem, don't take it personally. And I was already at Binance. But then I went to Bison. I just feel more comfortable there.

A quick google:

Is Binance a reputable provider?

Although Binance is not regulated by the German financial supervisory authority BaFin, the exchange is still considered a reputable provider. This is supported by the large number of users and the high trading volume. Nevertheless, due to the existing restrictions and the uncertain future, it is not advisable to use it.

Source:
https://www.handelsblatt.com/vergleich/binance/#:~:text=Obwohl%20Binance%20nicht%20durch%20die,Zukunft%20von%20der%20Nutzung%20abzuraten.

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1Yr

21Bitcoin is great. For a savings plan, however, I would now recommend Strike - after the first week, savings plans are completely free of fees :D

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1Yr

@stefan_21 As long as the costs are 0.xx%, I'm happy :D
How can you imagine that BTC are automatically sent to the wallet when a certain amount is reached? Does this work smoothly or do you do it manually?

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Franz@Cyonix

1Yr

@Alpalaka Doesn't Strike have a spread?

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1Yr

@Alpalaka yes exactly, I've been using 21Bitcoin for a relatively long time and still have my monthly savings plan running there...
You can set up an auto wallet transfer for e.g. 0.01 Bitcoin and as soon as the value is reached, your Bitcoin is sent directly to the stored address. 21Bitcoin even subsidizes the transaction fees and you always have to pay a maximum of 1000sats fees - regardless of how much the transactions in the Bitcoin network currently cost.

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1Yr

@stefan_21 that sounds very good.
Thank you!

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1Yr

@Cyonix Strike has recently transformed the spread model into a transparent fee model:
https://strike.me/blog/from-spreads-to-fees-simple-transparent-and-cheap-pricing-for-bitcoiners/

Now that they have removed the fee on savings plans, one can certainly wonder if there will be a bit of spread on it again. I haven't found any official information on this yet.

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1Yr

@stefan_21 But you can't receive btc yet. Is that correct?

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1Yr

@Alpalaka Yes, that is correct. They are currently working with the authorities. But it should be possible to deposit and sell Bitcoin within the next few weeks/months.
But it hasn't been a problem for me so far :)
With Strike, on the other hand, this would already be possible now

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1Yr

@stefan_21 I just read through the roadmap yes.

You hodl all the way to the graveyard? :D

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1Yr

@Alpalaka definitely the majority :)
But I'm also prepared to take a few profits in a possible bull run. I will sell a maximum of 30% and then probably shift it into an ETF... but I will probably never have less than 70% Bitcoin in my portfolio again

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1Yr

@stefan_21 speak in concrete numbers.... If Btc costs e.g. 60k$ .... I make 500€ per week for example and say from 500€ directly to my wallett.... What are the fees?

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Dani@Danibanani

1Yr

I very often use Youhodler as an on/off ramp. You don't have a savings plan option there, but I just had a look because the fees are directly in the trade (BTC 50 Euro Buy = 0.15 Euro Cent fee) They just want people to trade "leverage" on the platform, but you don't have to and I would strictly not recommend it. Buy and Hodl is the motto.
PS: Of course the fees are higher if you use a KK, I have always parked some money there via SEPA!

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1Yr

Reading your post makes me realize that I really need to look into this as well. At the moment I'm still buying from Trade Republic. The reason was laziness, which is now costing me money...

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1Yr

@Ash The Bitpanda savings plan was really easy. The savings plan ran every Tuesday at 8 a.m. for a year.
But the 1.5% spread/fees are actually too much for me

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1Yr

@Alpalaka You can write and mention me at @Ash when you have decided on a new broker. I'll follow this with interest :-)

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1Yr

@Ash I'll do it.
I'll have a look at 21bitcoin at lunchtime

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1Yr

@Ash Have a look at my page ... I have published several posts and guides on Binance here and why it is the best exchange

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1Yr

@Testo-Investor I'll take a look. Thank you 😊

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1Yr

@Ash I have now signed up and registered
Take a photo of the front and back of your ID, take a selfie, say three numbers out loud and bingo.
It all looks very clear and simple at first glance

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1Yr

@Alpalaka All right, I'll have a look after reading the posts from @Testo-Investor this evening.

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1Yr

@Alpalaka solid, if you have any questions, please contact me at .... I always dip € in usdc because the spread is better than if you were to buy in euros .... Trade -> convert -> € in usdc done

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1Yr

@Ash I set up a standing order on my "normal" account, which transfers 50€ to 21bitcoin every week for testing purposes.
21bitcoin immediately converted the 50€ into Bitcoin/Sats, but 0.49€ in fees were incurred, which corresponds to approx. 0.98% fees. I will write to customer service about this.

The exchange was triggered on 16.08.2024 at 03:04h, 1BTC = 52.779,13€

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1Yr

@Alpalaka Wow, thanks for your feedback and the insights. Unfortunately, I haven't gotten around to looking into it in depth yet. I look forward to any further feedback from you on this topic. 👍🏼❤️

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Peter G.@Sontoshi_Nakagoku

1Yr

I use Coinfinity. I also have a discount code for the trading fees ;)

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1Yr

@Peter69 What are the fees?

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Ape65@Ape65

1Yr

Via the ledger and then bitcoindirect, I transfer 60€ via savings plan and bitcoins worth ~58€ arrive.

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1Yr

@Age65 phew, those are comparatively high fees

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PunktPunktKommaStrich@PunktPunktKommaStrich

1Yr

@Age65 too expensive

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1Yr

Strike Bitcoin

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1Yr

@PunktPunktKommaStrich 0.3% too expensive

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1Yr

Binance, I think you should have understood that by now from my post 😂 Auto invest is called a savings plan there. You can go down to 1 hour and even determine the time with daily or whatever .... 0.1% fees if you trade with bnb even only 0.075% fees. Largest and most liquid exchange. One-to-one insurance on all assets, so your coins are 100% insured at the rear.

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1Yr

@Testo-Investor That's actually true :D

But why are there fees of 1.75% in the link above?
Can you understand them?

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Benni@Benni-KryptoandStocks

1Yr

@Alpalaka No, you have fees of 0.1% with Binance .... Yes I can understand that and I also check that because I use Coin Tracker and so every transaction is automatically matched with Binance and it matches 100% with the zero, 1% fees

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1Yr

Mexc has the lowest fees and spreads I know. Order fees 0% and maker/taker fees are between 0.1% & 0.01% for spot purchases. After that, I would send the purchased cryptos to a cold wallet such as Ledger or Bitbox.

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