Damus
Vince · 3w
Kraken isn’t based in Switzerland, though. As long as you don’t transfer your Bitcoin to your hardware wallet, Kraken remains the custodian. Also, every transfer to a foreign account costs me a SE...
sto 🌶️🌶️ profile picture
Offramp via SIC to a Swiss account just 1 CHF. The 0.25% fee on Kraken vs 0.9% on relai compensates well. (additionally I noticed relai BTC prices are usually higher as on Kraken Pro, not Kraken normal though).
Depending on the savings amount every month in the long run it's a wealth eating cost.
(I'm willing to pay more only for kyc free sats)
2❤️1
imad palestine · 3w
Interesting breakdown, the price premium on Relai is a sneaky cost most people don't factor in.
Vince · 3w
Yeah, if your only concern is fees, then Kraken is probably the better option. However, if you’re running a small DCA plan—say $200 per week—and you pay an extra $1 for every bank transfer, you’re already getting pretty close to Relai’s fees. (And yes, UTXO management should also be taken...