Post
Topic
Board Beginners & Help
Re: Input from community on transfer fees
by
Hatchy
on 25/05/2024, 17:59:55 UTC
Should I just send everything and hope it gets there?
Or wait until the fees go down (will they go down? I'm using CDC as the custodial exchange atm.)
Normally, I always do a test transfer on new wallets, but the fee is almost the same amount I bought this week!..
Any thoughts?
If I can remember correctly, centralized exchanges usually have a fixed fee for their BTC transactions. So since you clearly have little coins to move, I'll suggest you keep accumulating till you have a reasonable amount of coins be for moving to your cold storage. Also, you can try registering on some other exchanges that requires less fees for BTC transactions. Then to move your coins over them, you might have to convert your Bitcoins to some other coins like usdt and move using less fee first before finally moving it to your cold wallet.