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Author Topic: What is the cheapest way to transfer from Poloniex to Bittrex?  (Read 557 times)
wilkas
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September 04, 2017, 11:21:08 AM
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What is the cheapest way to transfer funds between these two exchanges? Is it for example straightforward Poloniex (BTC) > Bittrex (BTC) or maybe something like Poloniex (BTC) > Poloniex (BURST) > Bittrex (BURST) > Bittrex (BTC) or else?
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puwaha
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September 04, 2017, 06:04:09 PM
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A straight transfer of funds from an exchange to another exchange (or external wallet) in the same currency is always going to be cheaper than trying to change currencies and then transferring funds.  You lose money in the exchange to another currency.

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September 04, 2017, 08:00:07 PM
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What is the cheapest way to transfer funds between these two exchanges? Is it for example straightforward Poloniex (BTC) > Bittrex (BTC) or maybe something like Poloniex (BTC) > Poloniex (BURST) > Bittrex (BURST) > Bittrex (BTC) or else?

See, the transaction fee for BTC from one address to another is quite high. There is 0.18% exchange fee which is obviously 95% less than BTC transaction fee. I would suggest converting BTC to a currency with quick transfer times and low transaction fees like SIA, or UBIQ, or any other coin which will fit the profile and then convert it back to BTC (again with 0.18% fees) which will save around 85-90% in transaction fees of BTC.

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September 05, 2017, 04:14:12 AM
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How do I know transaction prices before converting to some other coin?
Dlugina23
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September 05, 2017, 05:18:02 AM
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The cheaper is transfer dogecoin.
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September 05, 2017, 08:21:05 AM
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The cheaper is transfer dogecoin.

agreed, as dogecoin charges very low fee for buy and sell and its transaction  from one exchange to other exchange is very fast. some exchanges require only 2 confirmations which take only some seconds.

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