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 🙂
All transferring of funds are having a fee. Nano has fee when you move it from one wallet to another. Bitcoin has fee and you need to pay for the fee in order to send it to another wallet. All of it has fee but you need to choose between two coins whether what coin does have the lowest fee. But I rather pick NANO since bitcoin transactions is worth .001 or so.
Well the transaction time is not a mater of concern. It has always been instant and might stay the same quick way. Fee is different from coin to coin but do not worry about that either because it is not so high and is very low as compared to what you pay in bank transfers. And think about the rising value in the market, a little fee like that is nothing in front to the rise in the value you get.