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 the mining difficulties increase, we can see that the transactions are realized with more commissions and they are realized in more time. At times I was sending very low transfer fees in seconds, and in some times I was waiting for hours with a high transfer fee. The best thing you can do in the case you specified is that you can use Nano as you said. But I will give you another advice that you will be free of transfer fees if you trade with this service. You can transfer with NEO or NEO Gas. Although the NEO network is very rarely faced with problems, I can guarantee you that all of your transactions will be fast and free of charge. You can also speed up your transaction by paying too low Gas.