I have usd money in my bank account and also money in skrill account. I usually trade with others such as trade poker money or skrill for btc and vice versa. But because btc takes very long to receive... wouldn't it make sense to ask for ETH/Litecoin since you receive it much quicker? And also because the fees the sender pays is much less? The whole point is to get btc to trade for other altcoins. However the negative thing seem to be if you do this, say you receive ETH or litecoin, you will first have to convert it to btc first before you trade for the altcoin. So in essence you are paying an extra transaction fee like on bittrex of 0.25 percent if you do it this way?
I know most people who buy btc well get btc. Then you trade it for altcoin. But because btc takes long to receive and the sending fees, is it better to use litecoin or eth instead for this?
This thread should be posted in Trading Discussion. However, to answer your question, you said that the whole point is to get bitcoins. So if you buy ETH/LTC and then convert it in to bitcoins, it will simply add one extra layer to your transactions and you will have to pay one more transaction and trading fees which will eventually bring down your profitability. If the end goal is to get bitcoin, buy it directly. It will save the excess fees. Even though bitcoin takes a little longer to receive, it will save some money for you.
But if the goal is to trade with altcoins, you can certainly convert your money to ETH or LTC or any other coin of your choice. ETH/LTC also offers a big list of trading pairs. So instead of bitcoin, you can also use these coins to trade in altcoins. There's no compulsion to have bitcoin only to trade in altcoins. I believe I am cleared your doubts, but if you still have more doubts or you think that I couldn't answer your question properly, please let me know with particular points, I will be glad to assist.
