26 USD in BTC for about 18-20 USD in ETH.

Bitcoin_Arena

copper member

Activity: 2030

Merit: 1788

฿itcoin for all, All for ฿itcoin.

Quote from: bobitza on May 08, 2021, 04:22:01 PM

How much do you think he can get after swapping them across exchanges? If you don't know, it will cost him a few dollars to send BTC to the exchange. Somewhere around at least $ 10

You are still leaving in the past, Bitcoin transaction fee rate has been low since last week. Right now, one can get their transaction confirmed in a few blocks for a fee rate of 3 sats/byte, that can be under 1 usd provided the transaction doesn't have so many inputs.

Instant exchanges like FixedFloat.com can do the magic for him

Quote from: bobitza on May 08, 2021, 04:22:01 PM

next, we can ignore the conversion fee, but we have to take into account another cost, which is the fee for withdrawing money from the exchange. It is about 0.01 ETH so that ETH can be withdrawn from an exchange. It's not even enough for a fee.

Do you think the person sending him ETH will be doing it for free minus accounting for the transaction fees?
Instant exchanges don't need withdrawal fees. All you worry about are normal transaction fees and service fees.

bobitza

sr. member

Activity: 560

Merit: 256

Quote from: Mr,flex on May 05, 2021, 01:39:10 PM

don't you think going to an exchange account to trade it is more better?
or could it be you are afraid of transaction fee or possibly you don't wanna reveal your identity to an exchange?

How much do you think he can get after swapping them across exchanges? If you don't know, it will cost him a few dollars to send BTC to the exchange. Somewhere around at least $ 10, next, we can ignore the conversion fee, but we have to take into account another cost, which is the fee for withdrawing money from the exchange. It is about 0.01 ETH so that ETH can be withdrawn from an exchange. It's not even enough for a fee.

Mr,flex

jr. member

Activity: 182

Merit: 3

don't you think going to an exchange account to trade it is more better?
or could it be you are afraid of transaction fee or possibly you don't wanna reveal your identity to an exchange?

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

@ThatDevAaron: I just checked, FixedFloat.com currently gives 0.0057 ETH for 0.000464 BTC. That's quite close to the dollar amounts you're looking for.

Chato1977

member

Activity: 1148

Merit: 58

Quote from: ThatDevAaron on May 03, 2021, 03:42:08 PM

Please leave your TG or Discord below, have some reputation also.

if you have a lot of reputation, just DM me your Bitcoin address and how much you'll give me in ETH (I need atleast enough for one USDT transaction), ill send you the funds and respond with my ETH address.

Why need to trade outside when you can just use exchange / sorry but i find this questionable as the fee will both the same if you are trading from other account that using a legit exchange like binance.

Bitcoin_Arena

copper member

Activity: 2030

Merit: 1788

฿itcoin for all, All for ฿itcoin.

Quote from: Beparanf on May 03, 2021, 03:47:56 PM

Just trade directly using Decentralized Exchange if your money is on ledger. No one will trade you this small amount due to high transaction fee of both Bitcoin and Ethereum. Unless you are both willing to wait for a long period of time when using cheaper transaction fee then its possible. 6.5$ is the average transaction fee to confirm within 1hr on Bitcoin though so goodluck on this transaction.

Check transaction fee calculator here: https://bitcoinfees.net/

The optimal fee rate for quicker Bitcoin transaction confirmations actually dropped during this past weekend. Even 10 sats/byte can get one's transaction confirmed in the next block. That's approximately under $1 based on average native segwit transaction size.

The problem is still with ETH, 75 Gwei( 5 USD) which is high for the person who will be trying to send OP the ETH.

Beparanf

hero member

Activity: 2744

Merit: 761

Burpaaa

Quote from: bobitza on May 03, 2021, 03:51:42 PM

Quote from: Beparanf on May 03, 2021, 03:47:56 PM

6.5$ is the average transaction fee to confirm within 1hr on Bitcoin though so goodluck on this transaction.

I do not think that waiting is really helpful, when the transaction fee is small, it may not be enough to make the transaction and the transaction will be canceled. I experienced this a few days ago, when I tried to keep my transaction fees to a minimum. And the transaction was dropped, I spent both a transaction fee and not being able to trade it, then I had to pay a bigger fee, transactions with small fees was really horrible.

Because of the mempool issue recently that's why most of the transaction with minimal has lesser priority. I just suggest to this transaction because its the most possible way to make this trade less painful on both party.

bobitza

sr. member

Activity: 560

Merit: 256

Quote from: Beparanf on May 03, 2021, 03:47:56 PM

6.5$ is the average transaction fee to confirm within 1hr on Bitcoin though so goodluck on this transaction.

I do not think that waiting is really helpful, when the transaction fee is small, it may not be enough to make the transaction and the transaction will be canceled. I experienced this a few days ago, when I tried to keep my transaction fees to a minimum. And the transaction was dropped, I spent both a transaction fee and not being able to trade it, then I had to pay a bigger fee, transactions with small fees was really horrible.

Beparanf

hero member

Activity: 2744

Merit: 761

Burpaaa

Quote from: ThatDevAaron on May 03, 2021, 03:42:08 PM

Please leave your TG or Discord below, have some reputation also.

if you have a lot of reputation, just DM me your Bitcoin address and how much you'll give me in ETH (I need atleast enough for one USDT transaction), ill send you the funds and respond with my ETH address.

Just trade directly using Decentralized Exchange if your money is on ledger. No one will trade you this small amount due to high transaction fee of both Bitcoin and Ethereum. Unless you are both willing to wait for a long period of time when using cheaper transaction fee then its possible. 6.5$ is the average transaction fee to confirm within 1hr on Bitcoin though so goodluck on this transaction.

Check transaction fee calculator here: https://bitcoinfees.net/

ThatDevAaron

jr. member

Activity: 63

Merit: 1

Please leave your TG or Discord below, have some reputation also.

if you have a lot of reputation, just DM me your Bitcoin address and how much you'll give me in ETH (I need atleast enough for one USDT transaction), ill send you the funds and respond with my ETH address.

Topic: 26 USD in BTC for about 18-20 USD in ETH. (Read 105 times)