Quote from: akiash on January 25, 2018, 09:14:40 PM

Quote from: Stedsm on January 25, 2018, 06:16:58 PM

Quote from: akiash on January 25, 2018, 05:00:31 PM

Quote from: AGD on January 25, 2018, 12:24:54 PM

You can read everything about Bitcoin fees here: https://en.bitcoin.it/wiki/Transaction_fees

Hi AGD,
I would really appreciate if you could give me piece of advice on this. What is the best way to send cryptocurrency from one exchange to another. I can see that if I send BTC, is has higher fees.

That's something already fixed that you're asking about. Exchanges charge a "fixed" fee for a transaction that they execute on their end and you are bound to pay those fees if you are withdrawing your coins from an exchange to exchange or even a wallet. You can only decide fee while you are sending "your" coins that you have in your wallet, and not an exchange. The "fixed" fee charged by them is what they take per transaction, not the fee they actually send while sending you your "withdrawn" amount. One more thing, each exchange has different "fixed" fee levels, like Polo charges 0.0005 BTC per withdrawal, Bittrex takes 0.001 BTC and so on.

Thanks. That helps. Recently I transferred some BTC from coinbase to binance and they charged me around 18 USD for that transaction. If I'm going to transfer some money from binance to other exchange, what is the best format of cryptocurrency I should send in order to minimize the fees.

Most of the Altcoins have a lower fee, but you will lose some % when you want to exchange back in BTC.