"Rush to convert our currency"

[Crypto123 0]

This is a really good note, I am converting the bitcoin I get from this forum to other currencies but as you say it is better to leave bitcoin or at least part of it without conversion. Bitcoin is sure to rise in price.

[Calvinpriva 17296]

I agree with you m,y friend, we should have a good plan to convert our bitcoins so that we can reduce fee. We can make a plan maybe for withdraw every Sunday or twice per week maybe. This will prevent us with using a lot of fee because multiple fees.

[Whited35 15285]

Withdrawing fee for Bitcoin is generally high on most of the exchange sites. In the case of Yobit exchange, if you see higher withdrawal fee, I recommend you to convert it in currencies which have lower withdraw fee like USDT, USD,LTC, ETH , XRP etc.

[gourav789 2834]

this is true that withdraw fees of yobit In cases of Bitcoin is really high . 

you can took withdraw in TRX or in litecoin to avoid high fess . I agree that we can take withdraw only whenever we want .

[Omar Ommeish 4872]

Yes, we have to make a careful decision because it is possible that our money will be lost as exchange rates on the platform.

[bentayebsalah 2280]

Yes, it is necessary to study the matter in terms of profits and benefits before implementing any plan or transfer to other currencies

[pablomarwan 3082]

The best thing you can do is add the bitcoin until you need it, and then convert it to another currency. I mean, here, reserve what you have now. Although if you do a mathematical operation, it is better not to withdraw each time, or that you will be deducted from you each time the same amount, and then you will find yourself losing every time an amount, while if you leave the coin in your wallet until you need it, you will not lose what you lost each in the process Withdrawal

[Abiaan 1209]

i dont really think keeping your currency in the exchange platform is an good idea , most of the people prefers to keep it on wallet and keep only amount that you use for trade on exchange 

[Jimmy26 987]

Bitcoin exchange transaction fee is very high and I think it will be much better if we use another currency whose exchange transaction fee is low for example litecoin you can easily go for other coins also but as you said if someone having plan with bitcoins to store for long time then it will be their choice because many of members are not having so much of stability that they can store their payment in this campaign.

[Tine0313 3053]

Bitcoin price of withdrawal fee is very hight. You don't need to convert it unnecessarily, convert it only in other coins like doge, xrp, and eth when you have to withdraw your money. You don't need it to convert everytime you have bitcoin.

[Mcd0d0 5882]

On 5/27/2020 at 1:55 AM, ETheHedgehog said:

yes the withdrawal fees for bitcoin are very high, but you don't need to convert all the time, convert only when you want to withdraw

Well, that's true mate and i will suggest to convert it into ripple ot litecoin because this two coins has a very small amount of withdrawal fees which is fitted to us.

[Ndayebo8 0]

@abualezWe don't need to always rush into market you can end up losing your money if care isn't taking I could like you to calm down and follow it in steps to meet your want from the market.

[koussai999 1986]

Of course, you must have a solid plan before making the transfer. It is not a game. If you do not have enough information about the matter, never take risks because the money can be lost or you can lose your encrypted currencies.

[vynz 540]

On 5/26/2020 at 2:39 PM, abualez said:

 my friends Taking hasty decisions in converting bitcoins that we have on the yobit platform to other currencies because of the imposition of fees on the bitcoin is something that we are taking quickly. So my friends advise you not to take the decision of transfer except after a well-thought-out plan and to calculate the profit and loss fundamentally and how much interest you will get from this transfer.

I keep looking about topics in exhange since i planned to invest in yobit once i earned enough. I have a friend who is experienced in crypto world so i will keep asking questions for guidance and also keep looking for vital information from this forum for additional learning before i step up my game to yobit so thank for the tip my friend i will take note of that. 

[BrolySSJ 7899]

The withdrawal fees of bitcoin on the yobit platform is extremely high, and i tend to make one conversion just before i am ready to withdraw. Once i do withdraw, i then convert back to bitcoin within a faucetpay platform and then withdraw to my wallet. However i only do this when i am ready to make the transfer to my wallet. there is no point in making the conversion after every earning. However i do not think that it will make much difference to exchange them on yobit as the fee is a percentage and therefore does not impact it.

[Raven 7817]

On 5/26/2020 at 2:39 PM, abualez said:

 my friends Taking hasty decisions in converting bitcoins that we have on the yobit platform to other currencies because of the imposition of fees on the bitcoin is something that we are taking quickly. So my friends advise you not to take the decision of transfer except after a well-thought-out plan and to calculate the profit and loss fundamentally and how much interest you will get from this transfer.

Withdrawal fee in bitcoin is very high, you could loss huge money on it if you used bitcoin when withdrawing your currency. Used another currency to less the withdrawal fee, for me i used xrp because it has the lowest withdrawal fee in the market. 

[tienda 8776]

I think we have nothing to reclaim about the Bitcoin withdraw on Yobit website exchange, because of Yobit we are collecting every day 0.00030000 Bitcoins here, so we can exchange them to other coins with low fees.

[nykas 2812]

I have never used Bitcoin for money transfers, because this coin was always too slow and had high fees, and after halving these problems are even exacerbated, so I don`t recommend to use this coin for money transfers 

[guatazoo 7150]

On 5/26/2020 at 9:39 AM, abualez said:

 my friends Taking hasty decisions in converting bitcoins that we have on the yobit platform to other currencies because of the imposition of fees on the bitcoin is something that we are taking quickly. So my friends advise you not to take the decision of transfer except after a well-thought-out plan and to calculate the profit and loss fundamentally and how much interest you will get from this transfer.

But for me I do both exchanging hurry and exchanging with patients, but it all depending on how its needed to me if I'm don't want to spend them, I will exchange them by creating orders. 

[Wilmer Garcia 0]

We can exchange our Satoshis for other cryptondyas such as Litecoin (LTC) or Usd and then make our withdrawal and thus save a lot of withdrawal commission 

[Zzoro6110 19]

I prefer to store my bitcoin currency so that its price rises reasonably and then sell or convert it to another currency in order to achieve greater profits on yobit platform

[Virgil dijk 1431]

Well people convert their bitcoin to other cryptocurrencies because of the high transaction fees in bitcoin, and I think it's not a problems because people can't spend more on bitcoin in withdrawal when there have a cheaper way of doing that, but apart from that whe shouldn't always be in a hurry to sell our coins due to slight change .

[Bruno52 1141]

I always think thoroughly before I convert my bitcoin to another crypto currency as I check the market to make sure the bitcoin price is optimal before converting it to litecoin as it has the lowest transfer fees.

[Captain Karim 0]

Your words are true, because if you convert Bitcoin to another currency, these coins may suddenly lose their value and you will lose.
Bitcoin is one of the strongest cryptocurrencies so don't waste it.

[Alex9876r 1408]

In general, Bitcoin fees are high, depending on its price
 Therefore, it is preferable for people not interested in storing them to transfer to other currencies with lower withdrawal fees such as trx and xrp or usdt in which the transfer process is fast.