How to avoid paying high handling fees when selling Bitcoin ETFs?

When selling Bitcoin ETFs, it's crucial to choose a platform with low or no handling fees to maximize your profit.

Oct 19, 2024 at 02:18 pm

1. Choose a platform with low or no handling fees

When selling Bitcoin ETFs, it is important to choose a platform that charges low or no handling fees. This can save you a significant amount of money, especially if you are selling a large number of ETFs.

Some of the best platforms for selling Bitcoin ETFs with low or no handling fees and good reputation include:

• Coinbase
• Binance
• Gemini
• Kraken

2. Sell your ETFs during market hours

Selling your ETFs during market hours is another way to avoid paying high handling fees. This is because the spread between the bid and ask price is typically lower during market hours, which means you will get a better price for your ETFs.

3. Use a limit order

A limit order allows you to specify the price at which you want to sell your ETFs. This can help you avoid selling your ETFs at a loss if the market price drops suddenly.

4. Sell your ETFs in bulk

Selling your ETFs in bulk can also help you save on handling fees especially on platforms that favors bulk execution or OTC. This is because most platforms offer discounts for large trades.

5. Consider using a broker

If you are not comfortable selling your ETFs yourself, you can consider using a broker. Brokers can help you sell your ETFs quickly and easily, and they can also negotiate lower handling fees on your behalf.