Shapeshift and Wallet Fees | Bitcointalksearch.org

Kemarit

legendary

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Quote from: SFR10 on March 14, 2018, 05:43:44 AM

Quote from: Zabulus on March 13, 2018, 08:46:05 PM

Can someone recommend a good wallet to hold LTC funds with no fees so I can eliminate the block.io fees.

I never used block.io but AFAIK, those fees are "network fees". Eliminating those will result in having a stuck transaction.

Few other options:

1. Coinomi
2. Jaxx
3. Electrum-LTC (I haven't tried it yet but according to this post, that's the correct link, make sure to verify it)

Quote from: Zabulus on March 13, 2018, 08:46:05 PM

Is exodus.io a good wallet for this AND can I automatically do transfers with this like I do with block.io?

I'm an Exodus user myself and it's actually known for its excessive fees, so it's a bad option (for you).

I'm also a Exodus wallet user myself and its really good to used to hold your altcoins. But as what has @SFR10 that fees is exaggerated. What I do though is to manually used other exchange like (https://changelly.com/) instead of the built-in shapeshift in Exodus. As far as Jaxx though, it was reported that another vulnerabilities has been found (https://www.businesswire.com/news/home/20180227005647/en/Cheetah-Mobile-Blockchain-Research-Lab-Issues-Security). So just be careful.

SFR10

legendary

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Crypto Swap Exchange

Quote from: Zabulus on March 13, 2018, 08:46:05 PM

Can someone recommend a good wallet to hold LTC funds with no fees so I can eliminate the block.io fees.

I never used block.io but AFAIK, those fees are "network fees". Eliminating those will result in having a stuck transaction.

Few other options:

1. Coinomi
~~2. Jaxx~~ (don't use, read the next post).
3. Electrum-LTC (I haven't tried it yet but according to this post, that's the correct link, make sure to verify it)

Quote from: Zabulus on March 13, 2018, 08:46:05 PM

Is exodus.io a good wallet for this AND can I automatically do transfers with this like I do with block.io?

I'm an Exodus user myself and it's actually known for its excessive fees, so it's a bad option (for you).

Update:

Quote from: Kemarit on March 15, 2018, 02:44:10 PM

As far as Jaxx though, it was reported that another vulnerabilities has been found (https://www.businesswire.com/news/home/20180227005647/en/Cheetah-Mobile-Blockchain-Research-Lab-Issues-Security). So just be careful.

Thank you for that, I crossed it from my list.

hugeblack

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Activity: 2688

Merit: 3983

Quote from: Zabulus on March 13, 2018, 08:46:05 PM

Right now I hold my funds on block.io
So when we do transfers to users (For various redeems and payments), I get hit with a small fee on shapeshift.io
Then I transfer the funds OUT of block.io (Which I get hit with a larger fee).
So the question.. Can someone recommend a good wallet to hold LTC funds with no fees so I can eliminate the block.io fees. I know I will get the shapeshift fees, but I do a ton of transfers a day.
Is exodus.io a good wallet for this AND can I automatically do transfers with this like I do with block.io?

You ask for a wallet that can control its fees and be low fee properly? correct?.
I do not have any information about "block.io" so I can not help you but the best alternative would be

Litecoin Core: official Litecoin wallet and controlled fee [its the solution to your problem but it takes a long time in sync due to download the entire blockchain] .
Exodus:(Desktop Wallet) multi-currency desktop wallet, ease of use and has an inbuilt ShapeShift converter. [The wallet chooses the fees and you can’t control the fees.]
Ledger Nano S & Trezor [Hardware Wallet]

it’s better to download Litecoin Core and wait for sync.

Zabulus

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Activity: 47

Merit: 5

Right now I hold my funds on block.io

So when we do transfers to users (For various redeems and payments), I get hit with a small fee on shapeshift.io

Then I transfer the funds OUT of block.io (Which I get hit with a larger fee).

So the question.. Can someone recommend a good wallet to hold LTC funds with no fees so I can eliminate the block.io fees. I know I will get the shapeshift fees, but I do a ton of transfers a day.

Is exodus.io a good wallet for this AND can I automatically do transfers with this like I do with block.io?

Topic: Shapeshift and Wallet Fees (Read 124 times)