OhMyHolyToken (OP)
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January 09, 2018, 05:55:18 PM |
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Hi,
BTC is slow and commission is high (20$). LTC is fast and commission is medium (5$).
Is there any better way to transfer funds between exchanges with low fees?
Thanks
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asayoyaasa
Copper Member
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Activity: 648
Merit: 159
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January 09, 2018, 06:03:12 PM |
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Ethereum, its fast and have cheap fee. but the price between exchange maybe different and you can losing more money because of that, or doge its almost have same price in several exchange.
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This is my main account. My alt account for bounty report in the future >> asa crypto info
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Draguny
Newbie
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January 09, 2018, 08:42:25 PM |
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Try to check for the fees beforehand, sometimes trading with a coin like DOGE inbetween can even be the best option
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Zombie259
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January 09, 2018, 08:49:14 PM |
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Try to check for the fees beforehand, sometimes trading with a coin like DOGE inbetween can even be the best option I've paid only 2 Doge to sent over 100k Doge to an other exchange. Litecoin is also cheaper than ETH. Next transfer I'll check other currencies like DGB.
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allthebitandbobs
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January 09, 2018, 08:49:55 PM |
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People might laugh but dodge is a real good coin form going to and from exchanges .It on almost on every exhnage and it does not change price that much and the fees are low .Also u can convert it back to bitcoin fast
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Salfuk
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January 09, 2018, 08:51:53 PM |
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I like to use Litecoin cheap fees super fast and hasnt been held up like ETH has recently for me from some exchanges
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proexcept
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January 10, 2018, 07:59:33 AM |
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Now I use 3 coins - LTC, ETC, DOGE. The commission of these coins is very small. I think you can use one of them. If you choose DOGE, then the commission for sending any amount will be only 0.03 dollars.
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sparg
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January 10, 2018, 08:02:54 AM |
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It depends on the fees and the difference of value that coins are traded. You can use this transfer to do some arbitrage and if not possible i use eth because is the fastest way and i havent had any problems till now.
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scoobidoobydu
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January 10, 2018, 08:05:23 AM |
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I used ETH before but It got stuck couple of time so now I use LTC. In the past when I do not have experience, I transfer btc. Maybe I will consider DOGE option in the future. Also read people recommendation somewhere else. I hope one day all major exchange will have XRB.
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UZIzzzz
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January 10, 2018, 08:06:50 AM |
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However, altcoin has a large fluctuation. If it is transferred through altcoin, the price difference may be lost.
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alt-fire
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January 10, 2018, 09:22:56 AM |
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for small sums it is convenient to use Doge. commission only 2 Doge=0.025$ not all exchanges support Doge
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crptotrader007
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January 10, 2018, 09:27:13 AM |
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There are thousands of other coins which are much cheaper than these coins and can be used to transfer coins from one exchange to another. I have been using DOGE for a couple of months during the beginning of my crypto journey to transfer coins from one exchange to another. Now I use DGB to transfer the coins as it is more convenient and efficient to transfer the coins. The transfer gets done within minutes after making the transaciton. The fees is very cheap which gives us advantage over the other coins.
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endaiin
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January 11, 2018, 07:03:41 AM |
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Hi,
BTC is slow and commission is high (20$). LTC is fast and commission is medium (5$).
Is there any better way to transfer funds between exchanges with low fees?
Thanks
now ETH is good but sometime to slow and need more gas for transfer. in my opinion ETC is the best now. it like we use ETH but with low traffic, so the price more stable and cheap, and also it faster because the traffic is low.
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mstfprcn
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January 11, 2018, 07:05:23 AM |
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the best way, change your funds to waves, and transfer it wherever you want. in 5 minutes , enjoy it. and than you can change it whatever you want as well.
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Anniee123
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January 11, 2018, 07:20:58 AM |
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In general, through the exchange between the transfer, I will use the ETH, because BTC fees are too expensive, and using other altcoin may need to bear the price of volatility, so I think the ETH is the best choice.
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Herbert2020
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January 11, 2018, 07:29:24 AM |
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whenever you are looking for an altcoin to use in order to transfer money between exchanges, the withdrawal fee is not the only cost that you are paying!
the first cost which can be quite big depending on your amount is the trading fee. for example if you want to transfer 1BTC with an altcoin you have to pay 0.002BTC (which is the same as withdrawal fee in most exchanges even bigger in some) to buy that altcoin and then pay the same fee to sell it in other place. so you paid twice or thrice the withdrawal fee to transfer using an altcoin here!
another thing that most people miss is the price difference! for example using Doge, you buy it at 30 satoshi and sell it at 29 satoshi. that is 3.33% loss. if price is lower like 20-19 then it is 5% loss and so on.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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Valzador
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January 11, 2018, 07:32:37 AM |
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Hi,
BTC is slow and commission is high (20$). LTC is fast and commission is medium (5$).
Is there any better way to transfer funds between exchanges with low fees?
Thanks
Altcoin that choose for my withdrawal is Dogecoin but if the price of Doge on an exchange is very bad, I will switch using Stellar Lumen, the coin fee is a bit expensive compared to Doge but cheaper when compared with Bitcoin or Ethereum
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edisystem
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Free Crypto in Stake.com Telegram t.me/StakeCasino
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January 11, 2018, 07:34:49 AM |
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Hi,
BTC is slow and commission is high (20$). LTC is fast and commission is medium (5$).
Is there any better way to transfer funds between exchanges with low fees?
Thanks
The easiest way is exchange your bitcoins into altcoins that have low fees transaction like ethereum then send it to the exchanges that you want and after that buy back your coins with the ethereum. Well it's a bit complicated but it's good for reduce the fees and less cost too for you.
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ljtronics1
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January 11, 2018, 07:38:15 AM |
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Use USDT
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clarkt
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January 11, 2018, 07:38:26 AM |
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Transferring funds between exchange is not only about fees, there is a huge possibilities that your fund might be lost in transit if they were not been transfered properly. For instance if you transfer ethereum base token from exchange to exchange or to s contract address, you might lose your fund. USDT is easy to transfer and cheap so also is ether!
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