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Author Topic: 🔴 ⚫️ Spreadsheet for reducing exchanges withdrawal fees ⚫️ 🔴  (Read 601 times)
slaman29
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November 16, 2018, 02:56:47 PM
 #21

Nice list you got going here, even though most of those coins are just something I rarely withdraw out. Is it common for people to withdraw alts from exchanges other than the big ones? I mean, I do all my trades and usually withdraw in Bitcoin, other times in ETH or LTC, depending on the fee (that's actually how I reduce my fees, just choosing the cheapest ones and making sure I don't lose too much from exchanging). I don't really see the point in withdrawing often, especially when it's just low cap alts.

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HugoStiglitz (OP)
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November 17, 2018, 07:25:09 PM
Last edit: November 17, 2018, 07:40:04 PM by HugoStiglitz
 #22

Nice list you got going here, even though most of those coins are just something I rarely withdraw out. Is it common for people to withdraw alts from exchanges other than the big ones? I mean, I do all my trades and usually withdraw in Bitcoin, other times in ETH or LTC, depending on the fee (that's actually how I reduce my fees, just choosing the cheapest ones and making sure I don't lose too much from exchanging). I don't really see the point in withdrawing often, especially when it's just low cap alts.

I don't know, I think it depends on everybody's personal needs and preferences. The aim of the spreadsheet is not to just inform people about what exactly fee they will have to pay. It should help to save money on the distance for those, who frequently have a necessity to transfer funds from one exchange to another. When I started creating it, ICO investors and bounty hunters often faced such situations.

For example, I suppose in August an "average" bounty hunter finished 20 campaigns in a month. Right now the average fee for withdrawing Ethereum is ~0.015 ETH accordingly to my table. It's quite rough estimation, but I think with summer prices it could save an equivalent of 60-80$ per month for the named "average" bounty hunter. I can't be sure in exact numbers for ICO investors, but I assume there would be approximately same amount.

Surely, profits in both of these spheres have significantly reduced during the last couple of months, but if the market goes up, the spreadsheet should become actual again.
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