Bitcoin Forum

Hi,

BTC is slow and commission is high (20$).
LTC is fast and commission is medium (5$).

Is there any better way to transfer funds between exchanges with low fees?

Thanks

Ethereum, its fast and have cheap fee. but the price between exchange maybe different and you can losing more money because of that, or doge its almost have same price in several exchange.

Try to check for the fees beforehand, sometimes trading with a coin like DOGE inbetween can even be the best option  ;D

I've paid only 2 Doge to sent over 100k Doge to an other exchange.
Litecoin is also cheaper than ETH.
Next transfer I'll check other currencies like DGB.

People might laugh but dodge is a real good coin form going to and from exchanges .It on almost on every  exhnage and it does not change price that much and the fees are low .Also u can convert it back to bitcoin fast

I like to use Litecoin cheap fees super fast and hasnt been held up like ETH has recently for me from some exchanges

Now I use 3 coins - LTC, ETC, DOGE. The commission of these coins is very small. I think you can use one of them. If you choose DOGE, then the commission for sending any amount will be only 0.03 dollars.

It depends on the fees and the difference of value that coins are traded. You can use this transfer to do some arbitrage and if not possible i use eth because is the fastest way and i havent had any problems till now.

I used ETH before but It got stuck couple of time so now I use LTC. In the past when I do not have experience, I transfer btc.
Maybe I will consider DOGE option in the future. Also read people recommendation somewhere else.
I hope one day all major exchange will have XRB.

However, altcoin has a large fluctuation. If it is transferred through altcoin, the price difference may be lost.

for small sums it is convenient to use Doge.
commission only 2 Doge=0.025$
not all exchanges support Doge :'(

There are thousands of other coins which are much cheaper than these coins and can be used to transfer coins from one exchange to another.
I have been using DOGE for a couple of months during the beginning of my crypto journey to transfer coins from one exchange to another.
Now I use DGB to transfer the coins as it is more convenient and efficient to transfer the coins. The transfer gets done within minutes after making the transaciton. The fees is very cheap which gives us advantage over the other coins.

now ETH is good but sometime to slow and need more gas for transfer.

in my opinion ETC is the best now. it like we use ETH but with low traffic, so the price more stable and cheap, and also it faster because the traffic is low.

the best way, change your funds to waves, and transfer it wherever you want. in 5 minutes , enjoy it. and than you can change it whatever you want as well.

In general, through the exchange between the transfer, I will use the ETH, because BTC fees are too expensive, and using other altcoin may need to bear the price of volatility, so I think the ETH is the best choice.

whenever you are looking for an altcoin to use in order to transfer money between exchanges, the withdrawal fee is not the only cost that you are paying!

the first cost which can be quite big depending on your amount is the trading fee. for example if you want to transfer 1BTC with an altcoin you have to pay 0.002BTC (which is the same as withdrawal fee in most exchanges even bigger in some) to buy that altcoin and then pay the same fee to sell it in other place. so you paid twice or thrice the withdrawal fee to transfer using an altcoin here!

another thing that most people miss is the price difference!
for example using Doge, you buy it at 30 satoshi and sell it at 29 satoshi. that is 3.33% loss.
if price is lower like 20-19 then it is 5% loss and so on.

Altcoin that choose for my withdrawal is Dogecoin but if the price of Doge on an exchange is very bad, I will switch using Stellar Lumen, the coin fee is a bit expensive compared to Doge but cheaper when compared with Bitcoin or Ethereum

The easiest way is exchange your bitcoins into altcoins that have low fees transaction like ethereum then send it to the exchanges that you want and after that buy back your coins with the ethereum. Well it's a bit complicated but it's good for reduce the fees and less cost too for you.

Use USDT :)

Transferring funds between exchange is not only about fees, there is a huge possibilities that your fund might be lost in transit if they were not been transfered properly.  For instance if you transfer ethereum base token from exchange to exchange or to s contract address, you might lose your fund. USDT is easy to transfer and cheap so also is ether!

used other altcoins that has low price that exist in the two exchanges. that the only way you can transfer the money with cheap and easy. i have done with bitcoin and ethereum. ethereum these day has high fees and to sloww. i had to used high gas only to transfer the tokens to my wallet with fast. bitcoin has an insane high fees that i only use only i want to cash out. not very profitable at this day.

Why you didn't choose NEO?? Fee = 0, and NEO is on uptrend, price increasing stable  ;D

I always exchange btc or eth with doge when I want to make a withdrawal to the local exchange. The cost of withdrawing is very cheap, but its weakness is not all exchanges support doge.

Yes, I also use NEO to make the transfer, because the handling fee of NEO is 0, and the price fluctuation of NEO is also very low, so it is good as the token of transfer.

same like me, using doge from get cheapest fee and fast transaction

I second to this.
Beside of exchange value from both coin, you need to consider bid/ask rate, trading fee and transfer fee.
If you miscalculate, you can ended up paying bigger exchange fee.

My friend is using XRP for fast transactions between exchanges  :'( I don't like XRP but it's useful apparently

Ethereum, It requires just a small amount of payment for exchange. I just don't know the other payments.

If not because of USDT harking issue which I think they have solved. I believe usdt is the best. This is whst to do when transfering funds from exchange, try compare their Eth price and Ltc price to compare the best option which minimal loss or probably a profit.

Litecoin is better for transferring exchange to exchange. Ethereum is usually clogged due to ICO.
Never use BTC as it cost too high in USD.

I saw that Kucoin is only charging 0.001 worth of Litecoin in order to send money, that is the best way for me to send payments. But $5 worth of bitcoin is a lot, i would never pay that amount of money for an altcoin.
And 0.001 is just $0,25 at the moment.

The method that you pointed out is pretty much the only method to getting the coins out for a cheap price.

Just use LTC or DOGE

i ussualy move it with ltc beetwen exchaneges

I am also using doge :)  But recently doge has a price surge, but did not make any transfer  I dont know the impact either. Also they say byteball is good but never tried it. As with NEO, I am receiving a good feedback. Will try this also if i have a chance.

To me, LTC is the best option. Fast and cheap. I tried BTC, ETH, LTC, and LTC was always faster. But it depends what you wanna do. If you want to buy altcoins in a ETH pair, and if you have high commission fees to pay to exchange you LTC to ETH, then sending ETH might be better.

I use the waves, quickly and with low commissions. in addition, this coin is now in the accumulation zone, which means it will soon fire. The best option for hedging risks