Post
Topic
Board Trading Discussion
Re: Best Practices for sending to exchange
by
youdacapt
on 23/01/2021, 16:32:27 UTC
Hi,
Are there any best practices for sending btc to an exchange? For example if I wanted to send a large (to me) amount should I send in multiple transactions or all at once? I'm technically competent but paranoid about sending especially from legacy addresses.

Thanks

It is very easy to send out bitcoin to an exchange (this is a mindset you must always have). The first thing you have to do is go to the exchange bitcoin deposit address, read the instructions guiding the exchange as regards bitcoin deposit, understand the instructions, then copy your bitcoin deposit address from the exchange and move to your bitcoin wallet. Where you send out your bitcoin token  using slow, medium or fast gwei. Either legacy or default or compatibility, its the same process. Understand the deposit instructions from the exchange