How to minimize paxum exchange fees? - GoFuckYourself.com

feetnerd · 08-12-2024, 02:09 AM

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?

LetterTwenty7 · 08-12-2024, 03:26 AM

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.

Sly · 08-12-2024, 08:51 AM

How are you transferring it? I just pay the wire fee I believe.

WiredGuy · 08-12-2024, 09:57 AM

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

Denny · 08-12-2024, 10:33 AM

Quote:

Originally Posted by Sly

How are you transferring it? I just pay the wire fee I believe.

Quote:

Originally Posted by WiredGuy

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

Not everyone is in the US. Paxum won't send USD to European bank account. You will first need to convert USD to EUR currency for example, then you can send it by wire or EFT to your bank account.

WiredGuy · 08-12-2024, 04:30 PM

Quote:

Originally Posted by Denny

Not everyone is in the US. Paxum won't send USD to European bank account. You will first need to convert USD to EUR currency for example, then you can send it by wire or EFT to your bank account.

For those countries, you should be able to do USD to USDC/USDT (crypto) and then liquidate it for the local currency.
WG

Denny · 08-12-2024, 10:35 PM

Quote:

Originally Posted by WiredGuy

For those countries, you should be able to do USD to USDC/USDT (crypto) and then liquidate it for the local currency.
WG

This conversion on Paxum still will cost you some % (I think it's around 2-3%).

BigFurry · 08-13-2024, 12:03 AM

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.

todservices · 08-13-2024, 05:18 AM

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.

CaptainHowdy · 08-13-2024, 02:13 PM

Minimize Paxum usage . . .

emmasexytime · 08-14-2024, 08:15 PM

Quote:

Originally Posted by todservices

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.

Really? No spread on any of it?

Ruriko · 08-14-2024, 09:15 PM

Just be glad that you're able to withdraw mean while paxum still can't withdraw EFT in my region

todservices · 08-15-2024, 03:06 AM

Quote:

Originally Posted by emmasexytime

Really? No spread on any of it?

Transaction Fees
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

08-12-2024, 02:09 AM	#1
feetnerd Confirmed User Industry Role: Join Date: Nov 2021 Posts: 123	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?

08-12-2024, 03:26 AM	#2
LetterTwenty7 Writer Industry Role: Join Date: Feb 2015 Location: EU Posts: 1,768	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. __________________ Trusted by the best porn sites in the world Get in touch with the most experienced writers here. [email protected] \| Skype: lettertwenty7 \| Telegram: https://t.me/LT7_Digital

08-12-2024, 08:51 AM	#3
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,244	How are you transferring it? I just pay the wire fee I believe. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Fully Managed VPS, Daily Backups Included - Starting at $25. Contact for more info. Sell me your: Paysites and Hosting Company. Buy my: Aged Domains and Sites

08-12-2024, 09:57 AM	#4
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,400	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 __________________ I play with Google.

08-13-2024, 02:13 PM	#10
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 92,198	Minimize Paxum usage . . . __________________ Enroll in the SWAG Affiliate Asian Live Cam Program and get 9 free quality link-backs! Get those links up ASAP! --> TJEEZERS.Cam. Setup in 48 Hours max.

08-13-2024, 12:03 AM	#8
BigFurry Confirmed User Industry Role: Join Date: Nov 2003 Posts: 1,548	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.

08-13-2024, 05:18 AM	#9
todservices Confirmed User Industry Role: Join Date: Mar 2014 Posts: 323	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.

08-14-2024, 09:15 PM	#12
Ruriko Confirmed User Industry Role: Join Date: May 2013 Posts: 148	Just be glad that you're able to withdraw mean while paxum still can't withdraw EFT in my region