Post
Topic
Board Altcoin Discussion
Re: You can lose transfering and withdrawing
by
krisnajsadrak
on 24/01/2021, 22:12:29 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 must use others coins with lower fees to transfer or withdraw your coins from exchange to exchange or exchange to your personal wallet my friend
such as trx or others, because if we must pay $12 for the fees, thats too huge