How to minimize paxum exchange fees?
 

how to minimize paxum withdrawal exchange fees?

usually to withdraw 20k I pay $600 of exchange fees, that is insane, I wonder how you do it?

It would be useful to share more info, e.g. your location, what's the currency, etc. But overall, I think paying (losing) around 3% on any type of transaction is more/less pretty standard unfortunately.

How are you transferring it? I just pay the wire fee I believe.

Keep the funds in the same currency, transfer it to your account and then do foreign exchange with your bank or forex broker rather than having Paxum do the exchange.
WG

Not everyone is in the US. Paxum won't send USD to European bank account. You will first need to convert USD to EUR currency for example, then you can send it by wire or EFT to your bank account.

For those countries, you should be able to do USD to USDC/USDT (crypto) and then liquidate it for the local currency.
WG

This conversion on Paxum still will cost you some % (I think it's around 2-3%).

Yeah it's really unfortunate that they do not send USD Wires to Europe and force you to exchange to EUR. I'd use Paxum more if they enabled USD Wires.

Get paid in crypto

i get a $2,000 payment in litecoin, I pay like $0.5 transaction fee :1orglaugh

Then, to get the money to your bank account, just use Binance or Kucoin.
It costs €1 for each Binance withdrawal to EU bank account.

Minimize Paxum usage . . .

Really? No spread on any of it?

Just be glad that you're able to withdraw mean while paxum still can't withdraw EFT in my region :(

Transaction Fees
Another aspect that Litecoin has sought to improve upon is transaction fees. With Litecoin, users can expect to pay around $0.03 or $.04 on average in transaction fees. Compare this with Bitcoin’s more expensive $7.60 average transaction fee.

4 cents :1orglaugh