Hi, shall i transfer Litecoin instead of bitcoin from Coinbase to Binance and then use those Litecoin to trade for Bitcoin on Binance and then use the newly bought Bitcoin to trade with altcoins? this way will enable me to get cheaper " sending" fees by Coinbase?
I came across some people saying that sending Bitcoin directly from Coinbase to their Binance would charge very expensive fee. but sending litecoin is much cheaper. is that true? some said they sent 50USD worth of bitcoin to Binance and Coinbase charged them 15 - 20USD of sending fee! come on, thats crazy. hope you guys are keen on helping me! and no i cannot use GDAX. it requested for my driver license or sign up as business which i dont have either other than my passport
Yes, thats best idea that i have choosen. I dont use litecoin to send to other exchanger.
First i sell my bitcoin into doge and send it to another exchanger because the fee is much cheaper and quicker. After that i convert back to bitcoin after arriving in exchanger.