Bitcoin Forum

Economy => Trading Discussion => Topic started by: The Koolio on June 04, 2011, 11:54:23 PM



Title: Quickest way to transfer USD between exchanges
Post by: The Koolio on June 04, 2011, 11:54:23 PM
Hi, as the title says what is the quickest way to transfer USD funds between exchanges. Ive seen this liberty bell thing which im not familiar with. DO you get a bank number as such... how does that work? what other options are available, ideally which transfer within a few hours.



Title: Re: Quickest way to transfer USD between exchanges
Post by: altGear on August 03, 2018, 10:13:30 AM
Your best option would be to do a lump sum purchase of BTC, then either send BCT between exchanges and convert back to FIAT or first convert to something like LTC (litecoin) or BCH (Bitcoin Cash) (due to cheaper send fees) and then once it's received on the new exchance...convert that LTC or BCH back to BTC > Fiat or directly back to FIAT (depending on if the exchange has BCH / USD or LTC / USD pairs. These transactions would most likely only take a few minutes, or a couple hours at max. One of the great things about crypto is it can send faster and cheaper then fiat transfers. Just always make sure to double check address and send a test amount first.


Title: Re: Quickest way to transfer USD between exchanges
Post by: Tytanowy Janusz on August 03, 2018, 12:13:26 PM
Your best option would be to do a lump sum purchase of BTC, then either send BCT between exchanges and convert back to FIAT or first convert to something like LTC (litecoin) or BCH (Bitcoin Cash) (due to cheaper send fees) and then once it's received on the new exchance...convert that LTC or BCH back to BTC > Fiat or directly back to FIAT (depending on if the exchange has BCH / USD or LTC / USD pairs. These transactions would most likely only take a few minutes, or a couple hours at max. One of the great things about crypto is it can send faster and cheaper then fiat transfers. Just always make sure to double check address and send a test amount first.

BTC is very expensive to transfer through exchanges (peaople most often withdraw btc so they pump btc withdrawal fees to earn more). Its up to 5-50$ depends on exchange. I always transfer funds between exchanges via neo (witrdrawals are free and fast) or LTC if neo is not supported (~0.1$ - depends on exchange  and also fast transfers)


Title: Re: Quickest way to transfer USD between exchanges
Post by: Thirdspace on August 03, 2018, 01:33:38 PM
Hi, as the title says what is the quickest way to transfer USD funds between exchanges.
would USDT be an option for you?
if both exchanges have USDT, it would be the easiest and quickest way
I think it's too risky using third (or fourth?) party to help you transfer Fiat USD between exchanges
any exchange will need to verify your bank account (to have exact same name) for deposit/withdrawal, won't they?