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abualez

"Rush to convert our currency"

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The BTC fees for small withdrawal amounts are high anywhere, but if you are going to withdraw large amounts, it is low, it is not the same to pay $ 5 to withdraw $ 20 than to pay those same five dollars to withdraw a thousand dollars, that depends of the level of trade we have, now if you are a merchant who does not have large fortunes and you are only going to withdraw small amounts, it is good to look for the alternative in coins with a low commission and then change them in the other part to BTC if you are allowed to do so and thus avoid the fees.

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Because of the fee of bitcoin it is advisable to convert bitcoin to other cryptocurrencies like Ethereum or litecoin before withdrawing.The fees of Ethereum and litecoin are cheaper than that of bitcoin. 

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By converting our bitcoins and other cryptos to fiat currency we of course are taking the fees calculated in the exchanges. At yobit we can exchange all cryptos to usd or rur fiat currencies, of course it stays at our usd or rur wallet at yobit until we decide to withdraw it to fial wallet. And yes we are converting it to fiat to hae smaller transfer fee!

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To avoid the high fees when withdrawing Bitcoin, I pass my Bitcoin to LTC because the fee is $1 at most, and in the destination wallet or exchange I pass the LTCs back to Bitcoin. Also the ETH rates are low.

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I usually leave my earnings in bitcoin, is the currency in which I can leave my earnings without losing much, and to sell, I usually convert it into xrp that their commissions are low and thus be able to trade.

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It is very true friend, you do not have to make decisions hastily to exchange a currency, before you would have to think about the losses we have in addition to what they charge us for that exchange, the platform in which we are operating in addition to the moment in which we make a transfer, we must see How much we will lose all that must be calculated and then made decisions. I agree perfectly friend, and I thank you for this very useful topic published in this spectacular forum such as cryptotalk and its useful information about cryptocurrencies.

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Absolutely True!

Whenever you convert your coins, it requires to minus a certain of value for the transaction fee. 
Before we convert our coins, make and decide first a plan that you think will work.

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The best advice in these cases is to have a plan on what to do with our profits, if we convert our currencies all the time, we will lose important portions due to the high bitcoin commissions that are in the market, it is best to withdraw only when strictly necessary in order to save as much money as possible.

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Hey mate, you are right many people are rush to convert our currency. At yobit bitcoin withdraw fee is high, that's why people are willing to convert bitcoin to usdt, I think that's a good idea.


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I see that Yobit offers bitcoin prices higher than the market price, and that doesn't affect a big difference at the time of withdrawal if the amount of coins you have is respectable, but if your balance is small, switch it. Exchange it to other coins for cheap fees?
For example, replace it with TRX or XRP and it charges a little less for withdrawal

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This is what happened to me at the start of my dealings when I withdrew Bitcoin with YoBIT, was unaware of the withdrawal fees and lost half of the balance at the time of withdrawal.

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This error always occurs when it comes to a lot of things, the most important of which is mental. You must control your fear, your decision, and you must be patient.

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If you are withdrawing a little amount of fund in bitcoin that is in yobit exchange, it is a great idea to convert to other cryptocurrencies with low withdrawal fees.

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On 5/26/2020 at 3:39 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'm afraid that there is a plan needed here: people loses a lot of value trading, converting and withdrawing their crypto. The reason are the fees, always... and that's the reason it's good to know all the pros and cons of every exchange, what is the best way for transferring, depositing, the taker and maker fees, when it's a good percentage to trade efficiently, what is the best way to exchange, trading or buying... etc.

 

I don't know all the answers, I know 2-3 tricks to minimize loss of value but we should share our tips to have advantage in these terms.

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On 5/26/2020 at 1:39 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.

My experience would contribute, the currencies that you notice that have a lot of growth please do not invest without a good plan since these currencies by providing great value returns can also fall with a lot of violence, BTC does not get rid of this practice I remember that I buy BTC from the $ 17,500 and I had to sell out of fear at $ 13,000 currently with the movements of the BTC it would be said that I sold at a good price but I had already bought at a more expensive price and this sale was only a few weeks after buying.
The idea is to determine I buy at that price and sell at this other price.
If there are problems then maximum I allow myself to sell as much as this price even if I lose a little I will not continue losing.

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We must not be quick to exchange our Bitcoin on the exchange platforms without proper calculations to determine if we will make loses or not.

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I get your very constructive suggestion, thank you for warning in this beginners tab so that you guide us to new participants.

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It is common to make mistakes by not knowing the collection fees when withdrawing cryptocurrencies, especially when we are new, so you have to make calculations to avoid making continuous unnecessary transfers, it is best to wait to accumulate a good amount and then pay a single commission once Now if you want to transfer between cryptocurrency exchanges, I recommend you always do it in xrp because of its speed and low transfer commission

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On 26/5/2020 at 14:00, scorpiali said:

Nunca retiro con bitcoin en el intercambio de yobit, es muy alto y nadie hace eso en mi opinión, puede usar muchas monedas con una tarifa baja y luego convertirlas a bitcoin para volver a su moneda base

 

 Exactly, the ideal is to convert them
 into LTC or Dogecoin. 
their transaction fees are very low.
 And once in the account at destination
 you convert it into the currency you want.
 That works.
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2 hours ago, Esau said:

 


 Exactly, the ideal is to convert them
 into LTC or Dogecoin. 
their transaction fees are very low.
 And once in the account at destination
 you convert it into the currency you want.
 That works.

It's a great idea that you have, it's work good and each exchange have his own wzy to convert the the coins there ,for example dont use the doge coin in yobit exchange but you can use in other exchange to withdraw your funds because of the fees 

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


 amigos míos Tomar decisiones apresuradas en la conversión de bitcoins que tenemos en la plataforma yobit a otras monedas debido a la imposición de tarifas al bitcoin es algo que estamos tomando rápidamente. Por eso, mis amigos les aconsejan que no tomen la decisión de la transferencia excepto después de un plan bien pensado y que calculen fundamentalmente las pérdidas y ganancias y el interés que obtendrá de esta transferencia.

High fees are a problem when withdrawing my bitcoins and you have to have a withdrawal plan based on loss calculations to try to suffer higher fees.

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Members here convert their currencies from Bitcoin to other cryptocurrencies because the fees for withdrawing bitcoin are very high.
For me, I only make a transfer when I want to withdraw and use Litecoin to do so

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He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Monero XMR > Cardano ADA Cardano ADA > Monero XMR
    • QUARK DRAINER Get rid of all lack of money headaches Other boards: https://niflheim.world/threads/quark-drainer-seaport-1-5-blur-x2y2-fix-metamask-permit-2-smart-contract.40662/ PRICE : $5 000   + All sources of QuarkDrainer (backend, frontend, smart contract) + Instructions on how to install and get started. + Invitation to the closed community who bought drainer + Author's manuals and articles on how to work with the drainer, traffic + Technical support + Regular developments, the fastest innovations of new features (free)   QUARK DRAINER - Without a doubt No1 drainer. Here you do not go to a lottery, I hope the functionality and materials all clear without unnecessary water in this port. So here's a little bit about me, I've been coding for 6 years, 2 years since I quit working for the shops and went gray рџ™‚ my base is ES6, Git, MongoDB, DOM, AJAX, jQuery, Javascript + React, Material UI, Single Page Application. When I was getting about $1750-2000/month, one scammer  found me on github and asked to do some web3 development (it was the first drainer with the simplest functionality), he paid me $3000 for 2.5 weeks of work since it was my first experience and it was really boring to look at web3 libraries. After that, I had a thought as 1 person without knowledge in the right area and portfolio - paid such money. From that moment I had no problems with $ for any of my fantasies and needs. And now you see the ideal product and community in which you will be happy. If you're interested - the door is open рџ™‚ Which wallets does QuarkDrainer interact with? Optimization for all devices Metamask, TrustWallet, Coinbase Wallet, Binance Wallet, Wallet Connect ~300 wallets (https://explorer.walletconnect.com) Asset Withdrawal Methods > Transfer > Seaport 1.5 (withdraws all approved Opensea assets in one click) > SetApprovalForAll (gets NFT collection in one click) > Signature Message (gets assets with a signature) > Metamask private fix (no token count, no token name, NOTHING - just a button without red plates) > Approve (Automatic withdrawal of assets after approve confirmation) > Permit + 2.0 (One-click withdrawal of tokens confirmed by Uniswap + Permit 1) > Smart contract (Removing the native "main network coin" with any Airdrop/Claim/Reward/Swap/Router/Withdraw/Your Creative...) > NFT ERC 721/1155 > BLUR, X2Y2 (Gets all approved assets in 1 click) > Moonbirds, Sushiswap, Uniswap, PancakeSwap In what networks does the drainer work? It works on ALL 0x networks you can find the networks you need here: https://chainlist.org/ Configured for Ethereum (ETH), Binance Smart Chain (BNB), Polygon (MATIC), Avalache (AVAX), Arbitrium One (ARB), Optimism, Fantom Opera (FTM). On request we will enable or disable networks you need. Why Quark Drainer? Help on every step if required Setting up takes up to 30m > Author articles (on working with drainer, traffic basics, tricks and creatives) > 60 frontend custom builds (creatives you can use as a basis for your own custom builds) > Approved services (bulletproof hosts, domains, bots etc) > Complete tracking of victims' actions on Telegram bot > Advanced developments - we are always the first and the best in implementing new methods and vulnerabilities for asset drains. > Parsing assets and withdrawal priority > Automatic withdrawals of any assets to your wallet once approved > Forget about red signs or inscriptions and stuff - always be with the top-of-the-line fixes > Next JS programming language, source clean code (any testing) > Buying not from resellers/merchants but from developer directly straight from the oven > Technical support - I answer any stupid and absurd questions (mostly online) > Author's articles - sharing my experience in traffic, schemes and personal practice with the "money" button > Quark+ software for Insta/X/FB/Reddit/Tg. Autoposter, retweets/reposts, likes, dm > Custom logic of draining strategy. You can enable retries on highest value assets or disable that > Ready-made websites > A community (60+ppl) - a closed chat room for everyone who has bought the Drainer Contact Us Telegram : https://t.me/quarkdev Drainer Channel: https://t.me/quarkdrainer Tox&Jabber send to PM     Whoever needs will read it According to my observations, the scripts on the market are crap (what else would a dev write showing his product I'm "shocked" by what they sell for $ 350-2500 on boards, while in cryptoscam monthly turnover is a 6-7 digit for each team, for me it's laughter apparently all who buy such products can not make some 10k to get out of good script for a month. Resell scripts, sell public crap or pieces of code. DAMN if you think $5 000 is expensive and ask me to sell for $1 000 - do not write me please, otherwise I will have to insult you very much. Since you probably didn't ever work with drainer - if you don't have couple of btcs in your crypto wallet... Thanks for your time I hope you experienced at least some emotions reading my topic
    • Биржи Binance и KuCoin возобновляют работу в Индии   Крупнейшая криптовалютная биржа мира Binance и гонконгская площадка KuCoin возвращаются на индийский рынок. Компании прошли регистрацию в Отделе финансовой разведки (FIU), обязались выплатить штрафы и выполнять правила налогообложения поставщиков виртуальных активов.    Криптобиржа KuCoin заплатила штраф в размере $41 000, а размер штрафа для Binance еще не определен, и сайт торговой площадки останется заблокированным до уплаты. Попавшие под ограничения криптобиржи Kraken и Gate.io тоже ведут переговоры о возвращении на индийский рынок, а платформа Bitstamp представила план ухода, рассказывает глава FIU Вивек Аггарвал (Vivek Aggarwal). В конце 2023 года в Индии ввели ограничения на деятельность иностранных криптоплатформ, которые, по мнению властей, работали в стране нелегально. Финансовая разведка потребовала заблокировать доступ к их сайтам для местных трейдеров и инвесторов. В число заблокированных площадок помимо Binance и KuCoin вошли HTX, Kraken, Gate, Bittrex, Bitstamp, MEXC и Bitfinex. Ранее министр финансов Индии Нирмала Ситхараман (Nirmala Sitharaman) заняла твердую позицию в отношении биткоина и других криптоактивов, заявив, что они не могут считаться настоящими деньгами.Подробнее на Bits.media: https://bits.media/birzhi-binance-i-kucoin-vozobnovlyayut-rabotu-v-indii-/
    • Robinhood выиграет судебное разбирательство с SEC 👨‍⚖️ Инвестиционная фирма Keefe, Bruyette & Woods (KBW) оптимистично смотрит на исход судебного разбирательства между Robinhood и Комиссией по ценным бумагам и биржам США (SEC) относительно классификации Ethereum как ценной бумаги. По мнению KBW, Robinhood может одержать победу благодаря своему сдержанному подходу к листингу цифровых активов и ограниченному количеству поддерживаемых криптовалют (15 активов в США). KBW считает, что осторожная стратегия Robinhood продемонстрирует консервативный и ответственный подход компании, что может вызвать сочувствие суда в этом споре. Ограниченный выбор криптовалют, включая Ethereum, который составляет всего 25% криптовалютных транзакций на платформе Robinhood, может также сыграть на руку компании. Аналитики KBW предполагают, что судебное разбирательство не завершится до конца 2025 года. Однако акции Robinhood уже заметно выросли, достигнув 18 долларов. KBW поддерживает целевую цену в 20 долларов, поскольку компания готовится сообщить о самых высоких квартальных доходах за последние три года. Прогнозы KBW основаны на вере в то, что у Robinhood есть веские аргументы для оспаривания позиции SEC. Они считают, что доказательство тщательного процесса листинга и ограниченного количества поддерживаемых криптовалют может убедить суд поддержать компанию в этом деле. Победа в судебном процессе может значительно укрепить положение Robinhood на рынке цифровых активов. Тем не менее, важно отметить, что прогнозы KBW всего лишь аналитические предположения, и окончательный исход судебного разбирательства может отличаться. Инвесторам рекомендуется проявлять осторожность и тщательно оценивать все связанные риски перед принятием инвестиционных решений.
    • Доброго времени суток, дорогие пользователи нашего сервиса!Мы так же размещены в ВебПроверка - (кликабельно), тут Вы можете оставить честный отзыв о нашем обменнике.С Уважением, обмен-сервис Finansovich.
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