Alright new guy here maybe someone can explain this. I'm starting out trading small amounts to get the hang of all of this before putting in a bunch of money.
I started off with a transfer from coinbase to britfinex to buy other Altcoins. I made a transfer of 0.00362445 btc and a transaction fee of 0.00072445 btc leaving me with a transfer balance of 0.0029 btc in Britfinex. By conversion of USD the transfer fee was almost 2.96 USD or 5% transaction fee. Does that sound right for transfer to Britfinex? And does anyone have easy tutorial on understanding how to trade on Britfinex since they don't allow USD anymore and trying to evaluate btc to other coins and the trading process is daunting me a little bit.
Yes. And that's (((coinbase))) transaction fee not britfnex
>>3148634
BTC fees are stupid, you might be better off buying ETH or LTC and selling it for BTC on bitfinex
>>3148652
Then is there a better place to buy btc with usd to start trading?