Quote from: shivansps on November 08, 2018, 07:31:00 AM

Quote from: KjutNikolas on November 08, 2018, 07:09:21 AM

I do a ton of trades a day, but I have to transfer cryptoccurency from one exchange to another. Since bitcoin transactions take a lot of time and theres a fee, what do you think I can do? Should I sell the bitcoin on the exchange for a fast currency like NANO and then transfer it to the other exchange and then sell the NANO there to get back the BTC? Do I make any sense? Any answer will help thanks 🙂

For sure dude. You have a good point. However, your pick isn't that good. NANO isn't listed on every exchange and why would you transfer BTC in this way from exchange to exchange? Just pick a good exchange and trade there. The procedure you describe is more effective if you want to cash out fiat from BTC, then yes it makes sense to buy for example LTC (fast and low fee) and sell LTC for fiat. I don't see NANO for one reason it is not widely accepted. LTC is.

It is not a bad point actually, but what I would do is to basically test the two and see which one would actually make more sense eventually, when it comes to faster transaction as well as fees. Sometimes, you may not really know how effective something is until you at least do some comparison. For me, what I would do normally is to first send part of the bitcoin transaction to the other exchange, and then go through the process of trying to exchange to Nano and then sending afterwards before converting back to bitcoin. Measure up the time and the fees it takes you to achieve both, and you will be able to deduce from there.