Sending crypto from one exchange to the other

[ratiobitcoin]

just a quick question, say i want to invest in a coin thats not listed on exchange A but on exchange B. how can i invest in it?

is it just withdraw bitcoin on exchange A and withdrawel address will be deposit address of exchange B or is there a different way / way to decrease transaction costs? or do i need to put a wallet in between?

[trouble401]

Yes, that's how you do it.  So for example, you can buy btc on Coinbase and then send it to an address in Bittrex.  Then in Bittrex you can buy the coin that is not listed on Coinbase.

[moonshoot]

You don't need to have a wallet in between. If you want to reduce transaction costs since bitcoin fees can be quite high, you can use any other coin that the two exchanges have in common, such as litecoin or ethereum or anything they both have. If you started with bitcoin you could trade it for the other coin on the first exchange, then withdraw it to the deposit address for that coin on the other exchange, then trade it back to bitcoin if that is the only pair the coin you want trades against.

A bit complicated but it often ends up cheaper (and faster) that way vs. using bitcoin.

[LTU_btc]

I would recommend to avoid Bitcoin transfers between exchanges. Fees are too high and transactions are too slow. It would be best to convert BTC to altcoin which have small fees, Dogecoin for example. But before doing it, be sure that both exchanges support that altcoin. User moonshot above explained what you need to do step by step pretty well.
If you will put a wallet in between, you would spend even more to pay fees instead of transferring coins from exchange A to exchange B directly.

[legend018]

Just make sure when playing around with sending from exchange to exchange that you use the proper addresses relating to the coin your trading.  People get screwed all the time when they send say BTC to an address that isn't a BTC related address.

[LisaOrange]

You can send them to your other wallet... but that depends, I use Paxful.com and Paxfuls customer service helps me check when it will arrive on my wallet

[SerHodlot]

yes, but the best way is to purchase the bitcoin via btc api in your country (i.e. bitpanda in germany or bitonic in the Netherlands, or your country's equivalent) and just send it to your bitcoin deposit address on the exchange where the crypto is that you want to purchase.

That way you also rule out other transaction costs of sending btc to exchange A and then realising you want to purchase a crypto on exchange B and will have to send btc again..

hope that helps!

[COTInetwork]

Yes you would in general send BTC over to the other exchange. Or the most active pair listed for said coni on exchange B.

[Boaconcryptor]

I agree with SerHodlot, its the fastest way!