Post
Topic
Board Micro Earnings
Re: [Unofficial] Coinpot.co - new microwallet
by
Thomasio
on 10/06/2020, 05:48:33 UTC
No , never calculated that , have you ? . . . . i did wonder if it was best to convert to tokens , and then from tokens to another coin , rather than coin to coin direct .

Every single conversion carries a 2.5% fee (they say it doesn't, but it does, if you don't believe it, convert btc to ltc then back to btc and see how many btc you lost).
Therefore converting from anything to tokens and from there to something else costs double the fee.

what you are referring to here is the exchange rate bid-ask spread - it is normal in almost any currency/crypto exchange

of course if you convert from one coin to another and then back again you will not get the same amount! so it would be silly to do this  Wink
but its not a fee - that would usually be a fixed or % amount for each transaction - coinpot has 0 fees

You TRULY believe using a different word for the same thing, spread instead of fee, makes a difference on the fact that you lose roughly 2.5% value in every single conversion you do?