Post
Topic
Board Altcoin Discussion
Re: You can lose transfering and withdrawing
by
tycsols
on 24/01/2021, 20:10:41 UTC
You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
You should be converting your coins to cheap transaction coins or stablecoins like usdt, usdc based on networks other than eth so basically im using tron based usdt for transactions and payments and it really is cheap.