Crypto InterExchange fee intro
Sometimes, you want to transfer a type of crypto between exchange A and B without paying too many fees. Lately, when a crypto has many transactions and the blockchain is at overcapacity, the fee rise at a fast pace. The inconvenient, it becomes expensive to use and costly to transfer.
The immediate question that should pop into your head: How to reduce crypto InterExchange fee?
Nightmare transferring Bitcoin between exchanges
Recently, the cost to transfer a crypto like Bitcoin has reached over 30$ USD, this is a huge sum of money in fees. The majority of people will think twice before sending money.
This is becoming a big problem, and you should completely forget paying with Bitcoin a coffee. It is not worth your time and money to do so!
The solution for saving on crypto InterExchange fee
In the crypto world, we always have alternatives on how to save on operation cost.
The simple process for transferring value without paying too much in fee between InterExchange:
- Convert, using your local trading exchange, Bitcoin or any other costly crypto to Ripple. Sending Ripple is fast and the fee is negligible.
- Initialize the transfer to the second exchange and wait for the transaction confirmation.
- On the second trading exchange, convert Ripple to Bitcoin or any others crypto that you want to convert it back.
It is a small trick to reduce your cost while transferring your crypto through InterExchanges.
It is important to always find a way to reduce your transaction fee. Ripple, is a major player in the crypto world, and using this technology can bring more money into your pocket.
What do you think about using Ripple for reducing a crypto InterExchange fee?
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