what is the cost in % of sending my litecoins from my wallet to my kraken account, then converting them to fiat, then collecting fiat via my bankaccount
vs.
leaving the coins in kraken until such time I convert them to fiat and pull them off?
thanx again,
-sam
Hi again samlitecoin. Sending your funds would be a minimal miner's fee, but the actual cost would be up to you and which wallet you use.
Assuming you aren't trading more than $50,000 in a 30-day period, the cost would either be 0.16% or 0.26% depending on if you make the order yourself, or if you take someone else's already pre-existing order (maker vs. taker fees). You can find our full fee schedule here.
There are different costs for different currencies and countries. You can see what the cost would be for yourself here.
If you deposit your coins and don't sell them there would be no cost after the miner's fee to initiate the transaction from your wallet. There would be a small fee to withdraw your funds at a later date.