Post
Topic
Board Nigeria (Naija)
Re: A method i use in avoiding high Bitcoin transaction fees.
by
Kliss
on 16/06/2024, 07:59:15 UTC
Are you trying to tell us to store our funds(Bitcoins) on exchanges? Because that's the only way I know you can convert Bitcoin to usdt. Except you want to use multi coin wallets like trust which I still see as unsafe and not reliable. Yes the transaction fees is a very terrible thing at the moment but we shouldn't let a short time issue create for us a long time wound( something we will remember for ever).
Don't store your Bitcoins on exchanges. If at all, not all of them. You can just keep a small amount of funds there just Incase of emergency especially in times when fees are very high. Its a method that might save you fees but you may end up losing your funds through such method.
By converting your Bitcoin to USDT for transactions you can avoid those hefty charges. This doesn't necessarily mean you should keep your BTC on the exchange. It's still safer to store your Bitcoin in a self-custodial wallet for better control and security. The key is to use the exchange for quick conversions when needed but not as a long-term storage solution. Keep your precious BTC safe and sound in your own wallet.