Post
Topic
Board Trading Discussion
Re: Transfer times and fees?
by
fullhdpixel
on 04/04/2019, 18:47:32 UTC
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 🙂
What I think you should do is to find a way to avoid sending coins from one exchange to another because it you will never be able to avoid paying huge amount for fees since it's the exchange that set this fees and there is nothing you can do about it, just look for an exchange that you has all the coin you will need to trade in so that you don't need to exchange from one exchange to another spending all the profit you have gained from the exchange as transaction fee in sending the coin to another exchange.