How to Buy Bitcoin with the Lowest Fees [Complete Process]

[Shiftal]

When you buy Bitcoin or any other cryptocurrency, you have to pay a fee called trading/transaction fee or gas fee. The same goes for Bitcoin sell transactions. While the fee for a single Bitcoin purchase/sell transaction may seem small, the amount you pay in the trade fee can turn out to be significant in the long term. This is why it’s important to try & find a cheaper way to buy bitcoin.


When you are looking to buy bitcoin at a low price, you have only two options – either wait for the bitcoin price to drop, which might never happen, or search for an exchange that allows trading BTC at a lower transaction fee along with the best price in the market.


To help you find the best and possibly the cheapest way to buy/sell bitcoin, we have come up with this amazing guide that takes you through the step-by-step procedure for how to buy bitcoin with the lowest fees.


Let’s get started.


The Cheapest Way to Buy Bitcoin


A lot of research has been done on the topic of how to keep the bitcoin trading/transaction fee low. The best way to do that, as of yet, is to buy bitcoin through a P2P exchange.


As you may already know, there are hundreds of crypto exchanges out there, and the price of bitcoin on one exchange is not always the same as another exchange. Also, there are special types of exchanges called P2P exchanges that usually offer the cheapest way to buy/sell bitcoin.


What’s a P2P exchange?


A P2P crypto exchange, as the name suggests, enables peer-to-peer trading of cryptocurrencies, i.e. it allows users to buy and sell Bitcoin directly with each other.


Since there are no middlemen on a P2P exchange, the trade fee is relatively lower.


To know how a P2P bitcoin exchange works, let’s see the example of the Shiftal P2P exchange and learn how to buy bitcoin with the lowest fees using Shiftal.


Shiftal – The World’s Leading P2P Crypto Exchange With Low Trading Fee


Founded a few years back, Shiftal is a leading P2P crypto exchange platform that allows users to trade Bitcoin and ETH in over 220 countries. The platform has been touted as “highly secure, reliable and cheap” for bitcoin trading.


Since the Shiftal Exchange operates on the P2P trading mechanism, there is no actual fee charged for buying and selling cryptos on the platform. It follows an advertisement/bidding based trading mechanism, where a user looking to buy or sell BTC can post an advertisement by paying a nominal fee of 1% for every completed order.


The point to note here is that there is no trading fee on Shiftal, and the user only has to pay a platform fee upon successful completion of an order. On top of that, you get to decide the price at which you want to buy your Bitcoin.


So, here’s how it works:


Step-by-step Process to Buy Bitcoin at the Best Price with a Low Fee on Shiftal:


1. Register


To start buying Bitcoin on the Shiftal exchange, first register on the website www.shiftal.com, i.e. create your account and confirm the email.


2. Choose your location and desired payment method


After log-in, choose your location and the preferred payment method from the list. Based on your selection, the website will show you the best BTC/ETH buy advertisements available for your location.


3. Choose from existing advertisements or create a new one


You can choose from existing advertisements if you find the right price. If not, you can go ahead and post your own advertisement on the platform.


4. Complete the trade


You can click ‘buy’ for an advertisement that you like. Or wait for an interested seller to click your advertisement. After that, you can trade directly with the seller, deciding on things like preferred payment options, etc.


Once the platform confirms a successful payment from the buyer, it will automatically release the coins to the buyer (your) account/wallet.


Unless you are creating an advertisement on Shiftal, you need not pay any fee to anyone in order to buy or sell Bitcoin. Moreover, you get to buy Bitcoin at your preferred price, unlike other exchanges that only let you buy/sell bitcoin at the market price.


Conclusion


While the price of bitcoin continues to boost every day, there are still some ways to buy Bitcoin cheap. Make sure to consider factors like safety and hidden fees when choosing to buy BTC on a low-fee exchange.


To start buying BTC or ETH on the Shiftal Exchange, visit www.shiftal.com.