The withdrawal strategy for expensive BTC transactions.

[BitcryptoHan 2557]

On 5/5/2020 at 2:22 PM, Maroua said:

I looked at the dues of withdrawals to the electronic wallet and compared between the wallets. I think the best wallet among them is the perfect money wallet. Also, there are other wallets, but I do not know them. As for the transfer between currencies, I do not know these things a lot.

Have you tried payeer, I like it too for withdrawals but I do not withdraw like that. I prefer to send my cryptocurrencies to another wallet where I can easily exchange it for local currency. 

[CryptoMaxim 3829]

If the Commission on a particular exchange for the withdrawal of bitcoin is large. Many people use an alternative currency with a lower Commission. On different exchanges, coins and their commissions are different.

[Brushless4500KV 4214]

I often trade with BTC-USD pair and since I usually convert my BTC to USD, I don't have any problem because USD withdrawal fee is quite acceptable compared with other coins. I don't like to create so many separate wallets for each coin. I only buy coins in Yobit exchange and keep them in my Yobit wallets because I trade with them every day and don't hold them for a long time. So, all I need is an USD wallet to withdraw my earnings. The only crypto wallets I have is a blockchain and Electrum wallet for when I want to HODL my bitcoins.

Edited May 7, 2020 by Brushless4500KV

[Ridam 7455]

That's the thing i am also doing bro before withdraw i always exchange my btc to ltc as the withdraw fee of ltc is very low and i also recommend my friends to withdraw through ltc. And thanks for the information it really saves alot for us.

[scorpiali 5626]

On 5/5/2020 at 1:22 PM, Maroua said:

I looked at the dues of withdrawals to the electronic wallet and compared between the wallets. I think the best wallet among them is the perfect money wallet. Also, there are other wallets, but I do not know them. As for the transfer between currencies, I do not know these things a lot.

Perfect money is good for FIAT but i dont think he support crypto currency,you can use the AdvCash wallet they support crypto and fiat ,Payeer too it's the same 

[ahmedasd 192]

yes in yobit the fee in bitcoin is high so you can do something to solve this thing you can make a withdrawl with ltc and convert the ltc in any another platform to btc 

[jamesvince 2389]

There is nothing any other solution for us because we mostly needed to bitcoin for converting into fiat currencies that is why we have to pay high fee  for withdraw process but i surprised that wallets withdrawal fee is low but from exchanges fee is very high as compare to wallets which used for storage of crypto assets. 

[Rendra808 92]

You do the pleasant way to avoid the lose of cash on withdraw,it's my strategy all of the time when I want to withdraw bitcoin, i purchased xlm and ship them to blockchain pockets and swap them to bitcoin and ship bitcoin fron there because the charge may be very low it's about 5k to 10k satoshi

[iloveyobit 6599]

A good strategy for avoiding the high bitcoin withdrawal fees, I think many members here do not prefer bitcoin withdrawals because they use other currencies like me.

[MCSGlegend 2210]

I also convert bitcoin to litecoin and withdraw through it, just as. I used to withdraw money from exchanges using the Ethereum Classic coin, but abandoned this idea.

[Jami273 2020]

Same here mate.0.0012BTC is the withdrawl fee in yobit foe withdrawing BTC.it's really a huge amount.So i think everyone at first exchange their coin and then withdraw them.Like you,i also use LTC for my work.

[Michael0606 861]

If I also change bitcoin for litecoin, so it did not pay as many network connections, sometimes it used coinbase pro, to withdraw bitcoins without paying any type of commission for both deposit and withdrawal.

[Jeet Narayan 1940]

Almost every exchanges Bitcoin withdraw fees is very high . I'm use trx , xlm and litecoin to withdraw Bitcoin . First I'm convert into trx and withdraw it then again convert into bitcoin . That's my strategy.

[DokAgsikap 145]

3 hours ago, Jeet Narayan said:

Almost every exchanges Bitcoin withdraw fees is very high . I'm use trx , xlm and litecoin to withdraw Bitcoin . First I'm convert into trx and withdraw it then again convert into bitcoin . That's my strategy.

Yeah exactly ! especially bitcoin? bro the fee to withdraw is too high for me.

[Rendra808 92]

If it is on every other change, then it's very advocated, however if you nonetheless do it on the yobit alternate. so that isn't a very good suggestion, because in alternate for the price to make a dogecoin withdrawal is 500 DOGE. it clearly could be very high.

[Tunuu 2235]

Yes that is the best method to reduce withdrawing fee in exchanges. We have to exchange our BTC to LTC, XRP or to any other altcoins which have affordable fee.

[BraveHeart01 1569]

If you do this yiu will  still get same or less amount that you was about to get after paying withdraw fee to the exchange, so you should change it to fiat currency and can use that one.

[cooperallch 349]

I also do this scheme, in the past I used LTC to make withdrawals, but currencies like XRP and TRX have the fastest transactions

[Rosarvx 965]

Btc has some pretty high fees. But still don’t know why. So its better to convert to other assets before withdrawing

[Mella 3680]

This is a very good idea you are had my dear and you are help me with the problem of the withdrwal fees from the yobit to other wallets and we can save a lot of money from this. I am very thanks for giving me this advice that I am still not quit understand how this work but I am think that it will be better to withdrwal in very low fees.

[bogdanoff 3173]

Yes this information is correct, I checked the withdrawals and litecoin is a lot cheap and make it better to withdraw this way. Bitcoin miner fees are sometimes very high and so is ethereum so we can't waste a lot of the work we make, but I also advice if you plan to hold to keep the satoshi in yobit and make transfer to the wallet you hold the bitcoin after some months to save fees. This is if you hold your bitcoin in a wallet.

[setifien 1016]

The ideal option is to convert BTC to other currencies which have less tx fees (like doge, ltc, TRX...) and once the transaction is filled, you can rebuy BTC in the new exchange

[annayks 2314]

I want to buy a few trx and xrp but I will probably not withdraw right now. Usually these two coins have low fees and I will look in the exchange how they do. Also doge has low blockchain fees but I checked withdrawals from exchange and it is 100 doge fee which is a lot.

[cryptovlek 2597]

I had the same problem when I was a beginner. I wanted to trade at binance and I was sending bitcoin paying a lot of dollars in fees. Somehow I thought this was ok to pay this much but it was money lost for no reason. Thanks for recommending ltc I'm grateful to nkow.

[kryptonick 2659]

This is important for users that want to send to bank and in their pocket the money they earn. I used to have some profits from trading in many exchanges and I was sending to bank every month a small amount. Fees everywhere and we have to find how to use everything without paying any fees to increase our profit.