"Rush to convert our currency"

[Dormilon 2183]

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.

[Ozykalu2020 26]

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. 

[dtworker123 75]

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!

[bladexx 63]

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.

[K3lvinch 55]

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.

[Danitalk 160]

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.

[Jeofrey 162]

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.

[gest49 84]

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.

[cryptolover45 1187]

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.

[mayabdalla 19]

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

[Non 40]

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.

[elkaram 19]

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.

[chinemeremgab 23]

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.

[DennisChannels 238]

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.

[Tetrisreal 219]

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.

[Javier5678 48]

It is very important to think very well before making a withdrawal, how high is the withdrawal fee in bitcoin?

[sukoe 106]

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.

[DunnoRND 55]

it is better to send smaller amounts and then you can calculate all the comisions and trading fees for the larg sum.

[mar123 95]

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

[CRISTIAN FERNANDEZ 32]

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

[Esau 52]

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.

[scorpiali 5626]

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 

[Foysal2020 459]

Yea your are right. Cryptotok's conversations are high because they are compared to coins so I think bitcoin is a much better medium.

[josefjimenez 100]

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.

[basel23 1722]

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