@sto
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Relays (4)
- wss://nos.lol/ – read
- wss://relay.loveisbitcoin.com/ – read
- wss://nostr.mom/ – read
- wss://nostr.bitcoiner.social/ – read
Recent Notes
Yes, that’s exactly what I mean by the on- and off-ramp. If I receive my salary and want to set aside a few hundred CHF every month (or CHF 100 every week), I have to make a bank transfer to Kraken ...
ok. On-ramp: no fees with kraken. 100chf remain 100chf.
With Kraken pro there is no recurring (automatic) order. Just with "normal" Kraken but I advice against, as the markup on the price is huge.
Just check the markup at relai... that's why I stopped the recurring buys there. It was always at least 1% higher as the index price (against Kraken with BTCCHF index). I asked Julian on twitter and he answered that they use the coingecko api with a +- 1% of the index. I just felt that it was never in my favor.
Ok I wish you happy stacking (without shitcoinery 😉) wherever you can get it.
With Kraken pro there is no recurring (automatic) order. Just with "normal" Kraken but I advice against, as the markup on the price is huge.
Just check the markup at relai... that's why I stopped the recurring buys there. It was always at least 1% higher as the index price (against Kraken with BTCCHF index). I asked Julian on twitter and he answered that they use the coingecko api with a +- 1% of the index. I just felt that it was never in my favor.
Ok I wish you happy stacking (without shitcoinery 😉) wherever you can get it.
Yeah, but if you’re paying CHF 1 per transaction every time, then as mentioned, it only really makes sense for larger amounts. As a hardcore Bitcoin maxi, it definitely makes sense to accumulate as ...
You pay the SIC fee only on off-ramp... to your Swiss account. Which as stacker you rarely do. Pay-in is free. The transaction fee from Kraken to the hardware wallet is about 80 Rappen. Afaik, relai similar.
To the "beginners" I show all possibilities incl. relai and usually they choose their preference. Not few choose the lower fees on Kraken.
(are you working for relai? you seem enhusiastic)
To the "beginners" I show all possibilities incl. relai and usually they choose their preference. Not few choose the lower fees on Kraken.
(are you working for relai? you seem enhusiastic)
1
So you don't pay SEPA when you send money to Kraken? Do they have a swiss bank account?
yep... in Liechtenstein which use SIC.
If you transfer CHF 200 per week for 10 years, that’s approximately CHF 104,000 in total. The full 0.9% fee charged by Relai would amount to around CHF 936.-. This calculation does not include any S...
of course including the value of btc. The main purpose is to accumulate as much sats as possible for me... not for the exchange.
(and again... no SEPA fee for me. Just 1CHF SIC fee on cashing out even if 6 figure CHF payout)
(and again... no SEPA fee for me. Just 1CHF SIC fee on cashing out even if 6 figure CHF payout)
1
nvk?? wtf?? paranoia... 🤪
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 $1 for every bank transfer, you...
no fees for CHF payments to Kraken. You can do it weekly. Buy BTC and withdraw BTC from time to time to HWW for ca 80 Rappen. I really don't see the point for relai, except that they're swiss.
After 10 years with weekly 200$ sats stacking, you'll be donating a mid-size SUV in fees (if not a Ferrari)... well, worth learning to navigate the shotcoin jungle.
I have no affiliation with Kraken... I just look for most cost-effective way to stack. Tomorrow it's maybe another exchange.
After 10 years with weekly 200$ sats stacking, you'll be donating a mid-size SUV in fees (if not a Ferrari)... well, worth learning to navigate the shotcoin jungle.
I have no affiliation with Kraken... I just look for most cost-effective way to stack. Tomorrow it's maybe another exchange.
2
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...
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)
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)
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100% match 🤪
I use Relai instead. It’s a simple platform focused on buying, selling, and saving sats. It also comes with its own integrated software wallet, and Relai never holds custody of your funds.
From the...
Kraken is cheaper for same kyc/mica sh!t. it goes to hww anyway...
1
This year I'll pass... have fun in Lugano. I have mine.
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