We buy cryptocurrency profitably: we compare the commissions of exchangers and exchanges

 We will determine the fundamental differences in the operation of exchanges and cryptocurrency exchangers, compare prices, compare commissions. And most importantly, we will dispel the widespread myth that with the maximum benefit and with the minimum commission, a cryptocurrency operation can only be performed on the exchange.
How it works: exchanger VS exchange

To understand the difference between exchanges on a cryptocurrency exchange and through an exchanger, first of all, it is necessary to highlight the fundamental differences between these two sites.

    Exchanger. A trading operation looks like this: you transfer funds to the company's account and in return you receive the desired digital currency. That is, the crypto exchanger here acts as an intermediary service. Exchange rates are formed based on quotes on the world's leading exchanges.
    Exchange. Exchange of cryptocurrencies on the exchange takes place in a completely different way: all trading operations are carried out directly between trading participants, with individuals. A participant who wishes to purchase a particular currency places a sell order for another participant in the auction. Anyone who is satisfied with the conditions put forward buys this currency at the set price.

Prices, courses, commissions

Cryptocurrency exchangers offer a really good rate of cryptocurrencies when they buy them from people. This is due to the fact that in this situation there is strong competition between online services. And this leads to the fact that popular currencies can be bought through exchangers at the best rate (compared to exchanges).

When purchasing cryptocurrency on an exchange or through a crypto exchanger, each buyer is faced with the need to pay three types of commissions:

    Payment service commission for transferring hryvnia to the account of the exchanger / exchange.
    Exchange commission for trades / exchanges for exchanging hryvnia for cryptocurrency (platform commission).
    Commission for withdrawing cryptocurrency to the buyer's wallet.

Despite popular belief, the total commission on exchanges is far from always lower than in exchangers. Yes, there really are exchangers that charge a very high percentage for their services. We can't vouch for everyone, but one thing we do know for sure: there are online exchangers that definitely deserve your attention. Not only in terms of simplicity, speed, convenience, but most importantly - the benefits. And we are ready to prove this with an example of real research.
The cost of buying bitcoin for hryvnia

Let's compare the cost of buying bitcoin for hryvnia in the changeit.com.ua crypto exchanger and on 2 popular exchanges - Ukrainian kuna.io and international binance.com. To do this, we will take 3000 hryvnia, deposit it on the account of each platform and compare how much bitcoin we will be able to purchase after deducting all the aforementioned commissions.
Payment service commission for transferring hryvnia to the account of an exchanger / exchange
Changeit.com.ua Kuna.io Binance.com
Commission 1.2% + 5 UAH 1.5% + 5 UAH 0.75% (+ bank card commission for the transfer, in our case 0.5% on the card for Privatbank payments)
Balance 2959.50 2950.74 2977.50

Binance.com

Kuna.io

Changeit.com.ua

At the next stage, hryvnia is exchanged for bitcoin at the market rate set for January 26, 2020 08:00. The cost of one bitcoin is:

    Changeit.com.ua: 893 881 UAH
    Kuna.io: 897 457 UAH
    Binance.com: 894 825 UAH

As a result of trading before deducting the commission of the cryptocurrency exchange / exchanger, the user acquires:

    Changeit.com.ua: calculation 0.0033108433896682
    Kuna.io: = 0.00327978 BTC
    Binance.com: = 0.00331768 BTC

Platform commission
Changeit.com.ua Kuna.io Binance.com
Commission (%) 3% 0.25% 0.1%
Commission (BTC) 0.00009932 0.00000822 0.00000332
Commission (UAH) 88.78 7.38 2.97

Kuna.io

Binance.com

Changeit.com.ua
Commission for withdrawing cryptocurrency to the buyer's wallet
Changeit.com.ua Kuna.io Binance.com
Withdrawal commission (BTC) 0.00020 0.0005 0.0005
Withdrawal commission (UAH) 180.04 448.72 448.72
Remaining 0.0030101 0.00277978 0.00281768

The final table of the cost of commissions in UAH at the time of this writing:
Changeit.com.ua Kuna.io Binance.com
Transfer commission 40.5 49.26 37.5
Platform commission 88.78 7.38 2.97
Withdrawal commission 180.04 448.72 448.72
Total (total commission) 309.32 505.36 489.19

For a clear comparison of the cost of buying bitcoin on a cryptocurrency exchange and in a crypto exchanger, let's calculate the cost of commissions purchased by BTC using the example of transactions in the amount of 1000 and 10000 hryvnia at the current BTC rate.

Buying BTC for 1000 UAH:
Changeit.com.ua Kuna.io Binance.com
Payment service commission 16.79 19.7 12.5
Platform commission 30 2.5 1
Withdrawal commission (UAH) 180.04 448.72 448.72
Total (total commission) 226.83 470.92 462.22

Buying BTC for UAH 10,000:
Changeit.com.ua Kuna.io Binance.com
Payment service commission 123.51 152.7 125
Platform commission 300 25 10
Withdrawal commission 180.04 448.72 448.72
Total (total commission) 603.55 626.42 583.72
findings

For certain scenarios, a cryptocurrency exchange is indeed a very profitable option. Primarily for those when it comes to professional trading. But this method is not suitable for everyone. Exchange them There are many benefits for advanced users - those who plan to frequently exchange cryptocurrencies, but rarely deposit and withdraw funds.

But if you are not going to trade and make money on the dynamics of rates, if you need to quickly and conveniently buy or sell a small amount of cryptocurrency, then a crypto exchanger turns out to be a much more profitable option. From an economic point of view, including. And our little research is proof of this.

But the final choice is always yours. Set clear goals and choose the right platform to achieve them. We wish you profitable and successful cryptocurrency transactions.