Quote from: Bigpiggy01 on January 27, 2018, 03:06:50 PM

Quote from: Adam556 on January 26, 2018, 08:43:55 AM

Quote from: Bigpiggy01 on January 26, 2018, 05:48:33 AM

Quote from: Mutsuhito on January 25, 2018, 11:07:07 PM

Hello,

I have a question for the most experts in Coinpot.

If Coinpot was your only way to get some coins, would you convert all the differents coins to just one coin? For instance, to convert doge, litecoin, dash, bitcash to bitcoin. Or would you wait to get every single coin? I am asking because I think that in the exchanges is quite difficult to change those smalls quantities.

Thanks

It really depends on your personal set up. If you have an exchange where you can get better than coinpot rates, not doing so is a bit silly. I withdraw the ones where I have a lot referrals a few times a month and the ones where I don't about once a month.

So for example if you're in the US (or elsewhere that has Gdax/coinbase service) and have a Gdax/Coinbase account, not withdrawing to your email and exchanging there is a bit silly as you can save network fees etc.

Withdrawing BTC frequently from faucets to a wallet is one sure way to end up paying massive transfer fees as the number of inputs on your outbound transactions are going to increase the size of your transaction, frequently to the point where you can't spend the coins as they'd cost more in fees than their total value.

If you're in an area that does not have coinbase exchange services, converting everything to bch or ltc is very likely to make sense.

I hope this helps Grin

Good answer but one thing I don't understand: I convert all my CoinPot coins into bitcoin then withdraw to Coinbase. As long as I'm over the threshold then it's free to do so.

I don't see where the transfer fees come in that you mentioned. Can you explain pls?

I meant that using coinbase, you avoid network fees Grin

It make transfers faster for you and you don't build up a ton of tiny inputs in your wallet client.

I get it now, thanks.