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08-12-2024, 02:09 AM
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#1 |
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Confirmed User
Industry Role:
Join Date: Nov 2021
Posts: 123
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How to minimize paxum exchange fees?
how to minimize paxum withdrawal exchange fees?
usually to withdraw 20k I pay $600 of exchange fees, that is insane, I wonder how you do it? |
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08-12-2024, 03:26 AM
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#2 |
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Writer
Industry Role:
Join Date: Feb 2015
Location: EU
Posts: 1,768
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It would be useful to share more info, e.g. your location, what's the currency, etc. But overall, I think paying (losing) around 3% on any type of transaction is more/less pretty standard unfortunately.
__________________
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08-12-2024, 08:51 AM
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#3 |
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Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,244
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How are you transferring it? I just pay the wire fee I believe.
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08-12-2024, 09:57 AM
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#4 |
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Pounding Googlebot
Industry Role:
Join Date: Aug 2002
Location: Canada
Posts: 34,400
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Keep the funds in the same currency, transfer it to your account and then do foreign exchange with your bank or forex broker rather than having Paxum do the exchange.
WG
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I play with Google. |
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08-12-2024, 10:33 AM
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#5 | ||
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Too lazy to set a custom title
Industry Role:
Join Date: Feb 2005
Posts: 17,173
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Quote:
Quote:
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08-12-2024, 04:30 PM
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#6 | |
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Pounding Googlebot
Industry Role:
Join Date: Aug 2002
Location: Canada
Posts: 34,400
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Quote:
WG
__________________
I play with Google. |
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08-12-2024, 10:35 PM
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#7 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Feb 2005
Posts: 17,173
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Quote:
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08-13-2024, 12:03 AM
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#8 |
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Confirmed User
Industry Role:
Join Date: Nov 2003
Posts: 1,548
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Yeah it's really unfortunate that they do not send USD Wires to Europe and force you to exchange to EUR. I'd use Paxum more if they enabled USD Wires.
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08-13-2024, 05:18 AM
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#9 |
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Confirmed User
Industry Role:
Join Date: Mar 2014
Posts: 325
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Get paid in crypto
i get a $2,000 payment in litecoin, I pay like $0.5 transaction fee  Then, to get the money to your bank account, just use Binance or Kucoin. It costs €1 for each Binance withdrawal to EU bank account. |
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08-13-2024, 02:13 PM
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#10 |
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Too lazy to set a custom title
Industry Role:
Join Date: Dec 2004
Location: Happy in the dark.
Posts: 92,235
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Minimize Paxum usage . . .
__________________
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08-14-2024, 08:15 PM
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#11 | |
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Confirmed User
Industry Role:
Join Date: Jan 2015
Posts: 4,045
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Quote:
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08-14-2024, 09:15 PM
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#12 |
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Confirmed User
Industry Role:
Join Date: May 2013
Posts: 148
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Just be glad that you're able to withdraw mean while paxum still can't withdraw EFT in my region
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08-15-2024, 03:06 AM
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#13 | |
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Confirmed User
Industry Role:
Join Date: Mar 2014
Posts: 325
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Quote:
Another aspect that Litecoin has sought to improve upon is transaction fees. With Litecoin, users can expect to pay around $0.03 or $.04 on average in transaction fees. Compare this with Bitcoin’s more expensive $7.60 average transaction fee. 4 cents |
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