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Alternate cryptocurrencies => Service Discussion (Altcoins) => Topic started by: EnergyHot100 on February 01, 2021, 12:01:06 AM



Title: Is it possible to swap DOGE/ETH to DOGE/USDT?
Post by: EnergyHot100 on February 01, 2021, 12:01:06 AM
Slowly getting into crypto I wonder what to do if I have DOGE/ETH and want to send it to letīs say Binance. However they donīt have DOGE/ETH. I think I know the answer; Find an exchange with DOGE/ETH. So I did. Hitbtc. However, if a trading pair (like DOGE/ETH) isnīt very popular at a certain exchange, the chances of selling it is lower/slower. Is there a simple way to change DOGE/ETH into DOGE/USDT or do I have to take the long route of transfering my DOGE/ETH from Tidex to Hitbtc, sell it, transfer the resulting ETH to Binance and convert the ETH to UDST and then finally buy DOGE/USDT? Of course you always want to have the trading pair and the exchange that is the biggest and most popular for easier selling. Crypto sure isnīt simple. But one can get better with time if one reads a lot, watch a ton of tutorial vids etc.


Title: Re: Trading pairs question
Post by: X-ray on February 01, 2021, 12:24:17 AM
Why don't you just try to direct transfer your doge or ethereum to the binance? If you are converting it in the various exchange sites and you will be losing a lot of your money just to pay the fees, right?

Do you wanna convert your doge > eth > usdt? Why don't you just use DOGE/USDT instead of DOGE/ETHEREUM?


Title: Re: Trading pairs question
Post by: EnergyHot100 on February 01, 2021, 02:44:07 AM
Why don't you just try to direct transfer your doge or ethereum to the binance? If you are converting it in the various exchange sites and you will be losing a lot of your money just to pay the fees, right?

Do you wanna convert your doge > eth > usdt? Why don't you just use DOGE/USDT instead of DOGE/ETHEREUM?

Ok so the thing is.. I had DOGE/ETH for years. Finally theyīre worth something. And I want to have them on an exchange where I can actually sell them if I want to. I canīt even sell them at all on Tidex. They have removed the DOGE/ETH pair. And as far as I know, you canīt send crypto to an exchange that doesnīt have the pair your token has.

Today it is best to have DOGE/USDT cause thats what most people buy and sell, right? So Iīm kind of left behind with my DOGE/ETH and I wonder what I should do with it. I want to have DOGE, but I want to have DOGE on the biggest exchange for DOGE which is Binance as far as I know.

I canīt use DOGE/USDT when all I have is DOGE/ETH. I always try to have tokens that have the most widely used pair on the biggewt exchanges for these tokens. If am not severely mistaken - it matters which pair you have! Right? You got to have the right pair! And USDT is where itīs at these days.

I feel like my DOGE/ETH is stuck on Tidex. I can withdraw them (no option for deposit tho, cause they removed this pair!) but I have no idea where to send them to.

Iīm not even sure I understand how trading pairs work. I tried to read up on it, but I didnīt get it all. You can convert one token to another token on tokenswap. But I canīt find anywhere to convert a token from one pair to another pair. Hmmm.

I guess what Iīm trying to ask is:

Can I somehow convert my DOGE/ETH into DOGE/USDT for example, and keep the same number of DOGE? This is my goal. To have DOGE/USDT without buying new DOGE. Cause I got DOGE at a low price in 2017.


Title: Re: Trading pairs question
Post by: FinneysTrueVision on February 01, 2021, 03:42:41 AM
Why don't you just try to direct transfer your doge or ethereum to the binance? If you are converting it in the various exchange sites and you will be losing a lot of your money just to pay the fees, right?

Do you wanna convert your doge > eth > usdt? Why don't you just use DOGE/USDT instead of DOGE/ETHEREUM?

Ok so the thing is.. I had DOGE/ETH for years. Finally theyīre worth something. And I want to have them on an exchange where I can actually sell them if I want to. I canīt even sell them at all on Tidex. They have removed the DOGE/ETH pair. And as far as I know, you canīt send crypto to an exchange that doesnīt have the pair your token has.

Today it is best to have DOGE/USDT cause thats what most people buy and sell, right? So Iīm kind of left behind with my DOGE/ETH and I wonder what I should do with it. I want to have DOGE, but I want to have DOGE on the biggest exchange for DOGE which is Binance as far as I know.

I canīt use DOGE/USDT when all I have is DOGE/ETH. I always try to have tokens that have the most widely used pair on the biggewt exchanges for these tokens. If am not severely mistaken - it matters which pair you have! Right? You got to have the right pair! And USDT is where itīs at these days.

I feel like my DOGE/ETH is stuck on Tidex. I can withdraw them (no option for deposit tho, cause they removed this pair!) but I have no idea where to send them to.

Iīm not even sure I understand how trading pairs work. I tried to read up on it, but I didnīt get it all. You can convert one token to another token on tokenswap. But I canīt find anywhere to convert a token from one pair to another pair. Hmmm.

I guess what Iīm trying to ask is:

Can I somehow convert my DOGE/ETH into DOGE/USDT for example, and keep the same number of DOGE? This is my goal. To have DOGE/USDT without buying new DOGE. Cause I got DOGE at a low price in 2017.

DOGE/ETH and DOGE/USDT aren't separate tokens. You can send your Doge from Tidex to any exchange that has Doge trading pairs and get the currency you want.


Title: Re: Trading pairs question
Post by: EnergyHot100 on February 01, 2021, 03:50:24 AM
Quote
DOGE/ETH and DOGE/USDT aren't separate tokens. You can send your Doge from Tidex to any exchange that has Doge trading pairs and get the currency you want.

Boy do I feel dumb now. Thanks a lot for the very useful Information! Now I know. 😎

Oh. One thing that drives me nuts.. The fees. So now Tidex wants 900 (!!!!!) DOGE to send 5000 Doge? Meaning Iīll get 4100 DOGE after theyīre sent. Thatīs NUTS. With todays value thatīs 33.6 USD!!!! WHY is the fee so incredibly high???? Defeats the purpose of sending them kind of... But I donīt have any choice. I canīt sell them on Tidex. Ahhhh. 1/5 of your tokens go to a fee. Crazy!!

Bonus question: It annoys me that a few bucks are being left behind at the different exchanges after ending ETH, BTC and other tokens to the hardware wallet or other exchanges. Guess this money is just lost...? It sums up to a bit with all those exchanges...


Title: Re: Is it possible to swap DOGE/ETH to DOGE/USDT?
Post by: tabas on February 04, 2021, 09:43:19 PM
Yes, commissions are growing terribly every day. Interesting movements of the rate at which you can make a profit are just beginning. Exchanges are starting to increase transaction fees. I understand that I pay for my transaction to be completed in the first place, but sometimes it is too expensive.
What I find is that it's not the transaction fees in exchanges per se that are increasing. But it is the transaction that you'll send from one wallet to another wallet.
The fees are really terrible and high but if it's just through the exchange, they're not expensive but outside the exchanges, they are expensive.
@OP your problem is easy, you just have to trade it but it wouldn't be the same as the principal amount because of the adjustment in prices.


Title: Re: Is it possible to swap DOGE/ETH to DOGE/USDT?
Post by: examplens on February 04, 2021, 10:36:41 PM
Yes, commissions are growing terribly every day. Interesting movements of the rate at which you can make a profit are just beginning. Exchanges are starting to increase transaction fees. I understand that I pay for my transaction to be completed in the first place, but sometimes it is too expensive.
What I find is that it's not the transaction fees in exchanges per se that are increasing. But it is the transaction that you'll send from one wallet to another wallet.
The fees are really terrible and high but if it's just through the exchange, they're not expensive but outside the exchanges, they are expensive.
@OP your problem is easy, you just have to trade it but it wouldn't be the same as the principal amount because of the adjustment in prices.

when the fee is so high, most often I change everything to some cheaper fee currency, like TRX or XRP and transfer it to another exchange. I continue to trade as I already planned. Such moving coins often cost only a few cents like 2 TRX or 0.1 XRP.


Title: Re: Is it possible to swap DOGE/ETH to DOGE/USDT?
Post by: bittick on February 04, 2021, 11:27:03 PM
Quote
DOGE/ETH and DOGE/USDT aren't separate tokens. You can send your Doge from Tidex to any exchange that has Doge trading pairs and get the currency you want.

Boy do I feel dumb now. Thanks a lot for the very useful Information! Now I know. 😎

Oh. One thing that drives me nuts.. The fees. So now Tidex wants 900 (!!!!!) DOGE to send 5000 Doge? Meaning Iīll get 4100 DOGE after theyīre sent. Thatīs NUTS. With todays value thatīs 33.6 USD!!!! WHY is the fee so incredibly high???? Defeats the purpose of sending them kind of... But I donīt have any choice. I canīt sell them on Tidex. Ahhhh. 1/5 of your tokens go to a fee. Crazy!!

Bonus question: It annoys me that a few bucks are being left behind at the different exchanges after ending ETH, BTC and other tokens to the hardware wallet or other exchanges. Guess this money is just lost...? It sums up to a bit with all those exchanges...
Any exchange has different rules about the fees, When you are storing your coins on tidex and you must follow what fees that already applied to its users. binance is only charging you 100 doge as the fees to withdraw your doge. Never try to use garbage exchange site. You should move to the exchange site that gives you very small fees but the majority of big exchange site does it.

About your new question and that money just lost.


Title: Re: Trading pairs question
Post by: chaser15 on February 04, 2021, 11:45:07 PM
Bonus question: It annoys me that a few bucks are being left behind at the different exchanges after ending ETH, BTC and other tokens to the hardware wallet or other exchanges. Guess this money is just lost...? It sums up to a bit with all those exchanges...

It's not a loss. Those few bucks will remain on that account as long as it's active unless there will be a notice about the wallet's removal on the exchange.

About the fees you encountered, 5,000 Doge is not actually big but it's just that the price of it recently rose so you don't have a choice but to accept it if you really want to sell it to other pairs.

And not because you can't see a DOGE/ETH pair, it doesn't mean you can't trade it to other pairs.


Title: Re: Trading pairs question
Post by: Rowenta on February 05, 2021, 06:19:18 AM
Why don't you just try to direct transfer your doge or ethereum to the binance? If you are converting it in the various exchange sites and you will be losing a lot of your money just to pay the fees, right?

Do you wanna convert your doge > eth > usdt? Why don't you just use DOGE/USDT instead of DOGE/ETHEREUM?
DOGE transaction fee isn't like Ethereum transaction fee, it's affordable even if you have too little DOGE coins in your wallet, OP should move his/her coin to binance exchange, they support DOGE to USDT and DOGE to Ethereum using their swap feature


Title: Re: Is it possible to swap DOGE/ETH to DOGE/USDT?
Post by: tabas on February 05, 2021, 09:57:26 PM
Yes, commissions are growing terribly every day. Interesting movements of the rate at which you can make a profit are just beginning. Exchanges are starting to increase transaction fees. I understand that I pay for my transaction to be completed in the first place, but sometimes it is too expensive.
What I find is that it's not the transaction fees in exchanges per se that are increasing. But it is the transaction that you'll send from one wallet to another wallet.
The fees are really terrible and high but if it's just through the exchange, they're not expensive but outside the exchanges, they are expensive.
@OP your problem is easy, you just have to trade it but it wouldn't be the same as the principal amount because of the adjustment in prices.

when the fee is so high, most often I change everything to some cheaper fee currency, like TRX or XRP and transfer it to another exchange. I continue to trade as I already planned. Such moving coins often cost only a few cents like 2 TRX or 0.1 XRP.
It is also my option if I find the fee is somehow expensive for me. There are also some other options that I use for transfers. I find XRP really low in fees and quick but I don't use it as an investment.
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