Bitcoin Forum

Economy => Trading Discussion => Topic started by: almost09 on June 03, 2018, 04:07:59 AM



Title: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: almost09 on June 03, 2018, 04:07:59 AM


Most of traders u ???se altcoins like gas, neo, dgb, nano or doge. to lessen withdrawal fee cost when transferring assets from one exchange to another.  But what about when your about to cash out your btc or eth earnings from exchange to your wallets. Most exchanges like huobi, binance or bittrex charge from 0.0005-0.001 btc or 0.01eth which is about $6-7.

$6-7 withdrawal fee. What if you can lessen that cost for about 80%less?

What i do is i used a crosschain app. SWFTC.
Their app currently has listed 24 different coin which you can use to withdraw and exchange for btc and eth along with the 22 other coins.
http://i68.tinypic.com/fk1cuu.jpg

Withdrawing btc on exchanges will cost me 0.0005-0.001btc.. What i do is i'll buy etc instead. Withdrawing ETC will only cost me 0.001etc now thats a tremendous discount right there.
http://i65.tinypic.com/2vlwp39.jpg

http://i68.tinypic.com/elelna.jpg


 Then i will use the deposit address of ETC from swftc app as withdrawal address  after deposit has been confirmed then i will get the equivalent amount in btc to my personal wallet.

http://i64.tinypic.com/2n7ik4k.jpg

 That easy. Its fast and with such very very minimal transaction fee.

You can sign up for an account  Here (https://exchange.swftcoin.com/swft-v2-en/swft2.0/signUp.html?referrer=56020) then download the app on google playstore.



Title: Re: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: lenstark09 on June 03, 2018, 04:13:48 AM
Nice. This one is worth to try. Fees are greater than the amount to be withdraw then well just hesitate to withdraw our money. Its good that u have suggested new site to use. Il try this one. Thanks.


Title: Re: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: Leonard2016 on June 03, 2018, 08:05:57 AM
I suggest you change your money to XRP next time instead of ETC ,
low fee coins in order :

1.XRP the lowest fee
2.Ltc
3.BCH

Of course come coins or tokens like IOTA or NANO designed to be zero fee but some of the exchanges don't have them!


Title: Re: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: Tytanowy Janusz on June 03, 2018, 09:12:55 AM
Did you checked how high spread is? Mayby withdrawal fee is small but spead might be for example 3% and for 1000$ change from alt/btc/alt will cost 30$.


Title: Re: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: almost09 on June 03, 2018, 10:15:25 AM
I suggest you change your money to XRP next time instead of ETC ,
low fee coins in order :

1.XRP the lowest fee
2.Ltc
3.BCH

Of course come coins or tokens like IOTA or NANO designed to be zero fee but some of the exchanges don't have them!

XRP is not listed on swftc app so i cant do a crosschain of xrp to btc.


Title: Re: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: almost09 on June 03, 2018, 10:16:45 AM
Did you checked how high spread is? Mayby withdrawal fee is small but spead might be for example 3% and for 1000$ change from alt/btc/alt will cost 30$.

The app AI selects the best rate from all the exchanges so im not worried of the spread on price at all.


Title: Re: TradingTip:Smalltime Traders: How to lessen Withdrawal fee cost
Post by: qmclak on June 12, 2018, 01:52:24 PM
Yeah, I like this app😊😊