sorry, to correct myself.. GUSD not USDC.
thank you for your reply bitmover.
so, if i were to transfer out and pay 0.0004 BTC, at £8000/BTC, that's only £3.20. i could live with that.
the chellenge is that i don't want to pay $25 for uploading pounds>dollars.
Topic: charges to transfer pounds into US-based exchanges (Read 139 times)
If i want to have access to bitcoin on the second exchange should I send from one to exchange to the other? and should i be able to move bitcoin from one exchange to another free of charge?
You will pay withdrawal fees,which are usually quite high.In binance for example the fee is 0.0004 BTC (https://www.binance.com/en/fee/deposit)
The best and most secure procedure is to hold your btc in your own wallet (such as Electrum.org) and move to exchanges only when you want to trade or convert back to fiat.
While your funds are in an exchange, the exchange is the one who holds your funds and if the exchange face any financial or legal problem your btc are at risk.
I’m new to the forum, and fairly new to owning some bitcoin.
I’ve been using a US-based exchange that accepts and allows you to hold pounds, and have deposited pounds and then used them to buy bitcoin.
I have also set up an account with a second US-based exchange, and they don’t allow you to hold pounds.. deposited pounds are automatically converted to USDC. having paid a fee to send pounds, converting to dollars, to my clearing bank in the UK, i was surprised that the USDC available on the exchange is $25 less than I expected. is this standard?
If i want to have access to bitcoin on the second exchange should I send from one to exchange to the other? and should i be able to move bitcoin from one exchange to another free of charge?
I’ve been using a US-based exchange that accepts and allows you to hold pounds, and have deposited pounds and then used them to buy bitcoin.
I have also set up an account with a second US-based exchange, and they don’t allow you to hold pounds.. deposited pounds are automatically converted to USDC. having paid a fee to send pounds, converting to dollars, to my clearing bank in the UK, i was surprised that the USDC available on the exchange is $25 less than I expected. is this standard?
If i want to have access to bitcoin on the second exchange should I send from one to exchange to the other? and should i be able to move bitcoin from one exchange to another free of charge?
Jump to: