<p>Those fees are madness. Currently, transactions with a fee of 40sat/byte are being cleared. The problem is that fee estimation is not as easy as it looks. Fortunately, I believe Mycellium has the option to input a custom fee.</p>

<p>Buying at localbitcoins.com is one option, or using an exchange like GDAX. Usually, buying larger volumes is more lucrative than buying lower volumes.</p>

CC BY-SA 3.0
2017-11-17T11:07:51.447Z
2017-11-17T11:07:51.447Z
BlackBeltBob
<p>Well first of all, don't buy with a credit card, those always yield in crazy fees unfortunately. </p>

<p>What I would suggest you to do, is:</p>

<ul>
<li><p>Create an account on a website such as kraken.com</p></li>
<li><p>Wire transfer some money there </p></li>
<li>Place an order on their trading page (limit order for lower fees, market order for immediate execution)</li>
<li>Enjoy the lower fees</li>
</ul>

<p>Hope it helps! </p>

CC BY-SA 3.0
2017-11-17T21:00:06.763Z
What does it mean to wire transfer money there?
croraf
CC BY-SA 3.0
2017-11-18T14:34:31.757Z
Send the money to the address specified on your account with the specified reference.
David
CC BY-SA 3.0
2017-11-17T11:19:02.437Z
2017-11-17T11:19:02.437Z
David
<p>What is the cheapest and easiest way to acquire bitcoin for a beginner?</p>

<p>I bought bitcoin from an ATM and had to pay 10% premium. I downloaded a mycelium wallet on my iPhone and I noticed that the fees are insane. A minimum fee is currently 12,68$ and if I want to send bigger amounts the fee is around 15%! I think these fees are just pure madness. I am currently looking different online sites but I don't know which one is the best. There are so many out there. </p>

<p>Could you guys help a beginner to buy some bitcoins?</p>

<buy-bitcoins><mycelium-wallet>
What is the cheapest way to acquire bitcoins?
juropeli
# What is the cheapest way to acquire bitcoins?

(Asked by: username_0 on 2017-11-17)

What is the cheapest and easiest way to acquire bitcoin for a beginner?

I bought bitcoin from an ATM and had to pay 10% premium. I downloaded a mycelium wallet on my iPhone and I noticed that the fees are insane. A minimum fee is currently 12,68$ and if I want to send bigger amounts the fee is around 15%! I think these fees are just pure madness. I am currently looking different online sites but I don't know which one is the best. There are so many out there.

Could you guys help a beginner to buy some bitcoins?

**Tags:** buy-bitcoins, mycelium-wallet


---

## 2 answers

### Answer by username_1 on 2017-11-17. Score: 0

Those fees are madness. Currently, transactions with a fee of 40sat/byte are being cleared. The problem is that fee estimation is not as easy as it looks. Fortunately, I believe Mycellium has the option to input a custom fee.

Buying at localbitcoins.com is one option, or using an exchange like GDAX. Usually, buying larger volumes is more lucrative than buying lower volumes.


---

### Answer by username_2 on 2017-11-17. Score: 0

Well first of all, don't buy with a credit card, those always yield in crazy fees unfortunately.

What I would suggest you to do, is:

* Create an account on a website such as kraken.com
* Wire transfer some money there
* Place an order on their trading page (limit order for lower fees, market order for immediate execution)
* Enjoy the lower fees

Hope it helps!

> **Comments:**
> **username_3**: What does it mean to wire transfer money there?  
> **username_2**: Send the money to the address specified on your account with the specified reference.  

---

