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 🙂
As long as they support that token too then it makes sense.
You are trying to escape the time and tx fees which have been ask so much before specially those times when bitcoin tx fee soared way too high.
But somehow this is a lot of work. Maybe you should also add the time you will be spending to sell it back and forth and also the fees in trading sites everytime you sell it to another token.
Not too much time consuming since its all running on my "bot"
I found out that XRP is probably the best and fastest choice. But im still looking for advice if anyone has any idea because XRP still isnt on every exchange.