Post
Topic
Board Altcoin Discussion
Re: You can lose transfering and withdrawing
by
KimmyF
on 25/01/2021, 19:55:50 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%.
Bilaxy liquidity is very low, you use another exchange like Bitmax or kucoin to sell ferrum network tokens.