What crypto coin could I best use to transfer my funds from Kraken to Binance?
And is there a general answer for this question? Or does it depend on the Exchanges I use? Or can this change on a daily basis (due to network fees)?
If you are transferring directly from one exchange to another, I assume the only fees you will be paying are the fees Kraken would charge for a withdrawal fee. I dont think it matters which coin you are using for withdrawal if Kraken has a standard fee amount for withdrawals. It just has to be a coin that Kraken allows for withdrawals and that Binance allows for deposits.
I always thought that if I transfer BTC that it could/would cost me fees to pay the miners to include my transaction in the blockchain, correct? And that those fees could go up to $25 or even higher.
How do I know if both exchanges accept the withdrawal&deposit of a certain coin?