I am still somewhat new to this, so am curious what most people here recommend when transferring funds between exchanges? I am talking about small amounts, so moving .05 bitcoins or so doesn't make sense due to fees.
What I have been doing is just using something that sells for around the same between exchanges (stuff like doge or sometimes mint), buying that at one exchange, moving it over, then selling for bitcoin again. Of course, depending on prices, there may be a bit of loss when doing it that way.
Is there a better way, or a preferred coin for doing swaps like that?
I usually don't worry about swapping coins around exchanges too much because fees will end up killing you.What I have been doing is just using something that sells for around the same between exchanges (stuff like doge or sometimes mint), buying that at one exchange, moving it over, then selling for bitcoin again. Of course, depending on prices, there may be a bit of loss when doing it that way.
Is there a better way, or a preferred coin for doing swaps like that?
Fees tend to be 1% or less. So the amount shouldn't matter at all
Not always the case. There are places where there are solid .001 or .0001 withdraws.