frustrated with fees

[m1a1t]

Hi, I am starting out and purchased my first amount of Bitcoin. I went around a lot of places trying to make a deposit was always having to wait to get verified, eventually I managed to make a deposit with Blockchain which went straight through.

I deposited the minimum amount which was £44 for 0.0028575 btc

This translated into £34 after a fee which I was pretty shocked about.

The purpose of me buying the bitcoin with Blockchain was to try and use Bitmex to trade with leverage and Bitmex only accepts Bitcoin so I needed to get some wallet funded to be able to fund Bitmex.

Now if I try and fund Bitmex with Blockchain it is reporting a £9 fee. I didn't yet make the transfer because it seems silly.

So after depositing £44, I'm ending up with £25 so basically almost 50% of what I deposited has been "robbed" from me before I even start. I don't see this as acceptable so I would appreciate some advice to get going, how to keep the fees down ..I watched a ton of youtube videos but nothing really answered the question. By tommorow I should have an account with Coinbase which perhaps is going to have lower fees I don't know. The way I feel right now is I just want my £44 back!

I have opened accounts all over the place, everyone seems to like Exodus which I now have as well, but you need to fund the Exodus wallet from something like Coinbase or Blockchain right? It's been learning curve but, well I don't see the point yet of having this Exodus wallet if I can't fund it, I tried funding it from my £34 thats now in my Blockchain account and again Blockchain wants a £9 fee.

I would appreciate some advice about getting the costs down.

[raythunder]

If I were you I won't upset about the fees as they charge, The main point is to consider the fact the Bitcoin price are vary in matter of second, so it would not be worth rather to buy the bitcoin at price 16,000/USD (say for instance) while you get frustrated with 9 Euro when price is 15,300/USD?
As a investor, we need to feel happy at time of getting in.

Have a good day!

[m1a1t]

I was happy with the price I got in at, it was basically at the bottom end of the days value, that is not really anything to do with this.

I just wanted to deposit a little to try trading but from £44 to get £25 into the account is ridiculous. Perhaps it is my mistake for being impatient and not waiting to get verified and use coinbase, I have no idea what kind of fees they charge yet.

Using Blockchain makes no sense, they have taken 25% of my deposit at a fee and if I want to move it anywhere else it costs another 20%. So what on Earth is the point of usiing them whatsoever, doesn't make any sense. I can't even withdraw from Blockchain to my bank it seems, I'd have to transfer to an "exchange" - which is what I thought Blockchain was, so to get my money back from there, I have to pay this other 20% fee to transfer it somewhere else and end up with half my money back, so far it seems a total waste of time, I definately wouldn't recommend Blockchain so far form this experience, why on Earth would I want to cut my money in half like that.

How do you guys do it? Can you give me an example of £40 or $50 to do similar..

[m1a1t]

I can also add that the fee to send is changing, this is something I read about, so at first it was £9.35, I tried again 15min ago and it was down to £6.35, currently it is showing £8. From £35 (£45) its way too much, what can I do about it?

[m1a1t]

I managed to click custom fee and withdraw to another wallet but it just went pending seemingly because the fee was too low..sucks.