Post
Topic
Board Announcements (Altcoins)
Re: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10
by
MrSunshine
on 24/10/2017, 19:21:20 UTC
Hi guys, anyone know where I could transfer my Neo from bittrex to earn GAS? I don't want to transfer it to some waller where I will lose 0,5 NEO (i have XX,5 and I heard neo wallets doesnt support X,X, only equal numbers).

If I transfer it to other exchange, what is the cheapest method?

Bittrex fee for sending NEO is not large, 0.01 or 0.025 NEO per transaction, can't remember exactly, you can check. For example, if fee is 0.025 NEO and you want to transfer 100 NEO, the number you are typing in withdrawal field should be 100.025, and you will get 100 NEO in your wallet or other exchange, wherever you are sending NEO. I recomend NEO GUI wallet, it's pc wallet, you can download it from neo.org

NEO is not divisible. Exchanges allows you to buy fractional amounts of NEO because their software wasn't build to handle trading of non-divisible currencies. As far as I know, withdrawal fee on Bittrex is 0.025 NEO, which is of course nuts because a, NEO is not-divisible; b, where are no transaction fees for sending NEO on NEO network. You have two options:
a, withdraw XX.025 and keep the rest on the exchange (it can be used for future withdrawal fees, that is if you plan to buy more NEO on this exchange in the future)
b, sell 1.475 NEO and withdraw the rest (you can also try selling 0.475 NEO, but I'm not sure whether Bittrex allows you to create an order for such a low amount)

Before you proceed, double-check the current fees levels and do the math yourself.

Well it used to be worse. Bittrex used to charge 1 whole ANS per transaction (Of course ANS/NEO was cheaper back then)