I think it will be cheaper to exchange at any exchange. For example, Bittrex, Poloniex, Binance,Kucoin
Topic: What is the cheapest way to convert between coins? (Read 166 times)
Id say that an exchange is a lot more cheaper and convenient than those exchange site (changelly , shapshift etc) . The exchange process sometimes take 1-2 hours .
In changelly for example , i tried exchanging my ETH into BTC . Then some sh*t happened , on their site it says waiting for deposit where in I already deposited my ETH to their wallet . Took me 3 days to get my BTC after sending support messages everyday .
So my advice to y'all is , dont go for exchanges site (changelly , shapshift etc) if you can . Go for direct trade by using trading sites like Bittrex , Polo , etc . Me personally , i trade my ETH at BitZ pretty straight up exchange . You just need to keep an eye for the price or just place an order and leave it till you get your desired price .
In changelly for example , i tried exchanging my ETH into BTC . Then some sh*t happened , on their site it says waiting for deposit where in I already deposited my ETH to their wallet . Took me 3 days to get my BTC after sending support messages everyday .
So my advice to y'all is , dont go for exchanges site (changelly , shapshift etc) if you can . Go for direct trade by using trading sites like Bittrex , Polo , etc . Me personally , i trade my ETH at BitZ pretty straight up exchange . You just need to keep an eye for the price or just place an order and leave it till you get your desired price .
Don't use shapeshift or things like that for transferring between cryptos. Use a proper exchange, they are the cheapest. To find the best rate with the highest liquidity, check on coinmarketcap.com
Be smart when converting coins, all we want to do are very careful, because many sights offering low payments or very cheapest way of payment when we convert our coins, but the opposite problem is scam, mostly scams are offer low payments transactions but in the end you are the next victim. It is better to pay enough amount of transaction charges than a victim of scammers.
changelly and shapeshift really are the most convenient.
I wouldn't say it's cheaper or more expensive, it does initiate a trade on an exchange that has the best "deal" but then their fees are slightly higher.
Overall it seems to be about the same price as doing it on a major exchange.
Although it might seem like a pain, I find that the newer exchanges that only do crypto (no usd or other fiat involved) with their own coin are really cheap.
Binance and kucoin have ridiculously low exchange rates if you use their coin and the volume is large enough that you can quickly trade.
You might have to go from say, nano to btc, then to whatever coin you want. But it's a step that doesn't bother me.
Also, there are extensive trading pairs between btc, eth, and their own coin so it's easy to move things around.
I once tried taking advantage of relatively high eth prices and low btc prices so I moved wabi to btc, then btc to eth, then eth to wabi.
I made a whopping extra .43% on my wabi haha.
I wouldn't say it's cheaper or more expensive, it does initiate a trade on an exchange that has the best "deal" but then their fees are slightly higher.
Overall it seems to be about the same price as doing it on a major exchange.
Although it might seem like a pain, I find that the newer exchanges that only do crypto (no usd or other fiat involved) with their own coin are really cheap.
Binance and kucoin have ridiculously low exchange rates if you use their coin and the volume is large enough that you can quickly trade.
You might have to go from say, nano to btc, then to whatever coin you want. But it's a step that doesn't bother me.
Also, there are extensive trading pairs between btc, eth, and their own coin so it's easy to move things around.
I once tried taking advantage of relatively high eth prices and low btc prices so I moved wabi to btc, then btc to eth, then eth to wabi.
I made a whopping extra .43% on my wabi haha.
So far, I find the cheapest way to convert between coins is on an exchange. Bittrex and Binance offer a lot of options.
Bittrex is closed for registration https://support.bittrex.com/hc/en-us/articles/115003463331 and Binance charge about $10+ to windrow form the site to a wallet
Either ShapeShift, Exodus, or some or other wallet that has atomic swap conversion. Other than that I don't got a clue but the first two wallets function well imo.
So far, I find the cheapest way to convert between coins is on an exchange. Bittrex and Binance offer a lot of options.
I used changelly for exchanging before. It was easy to use and everything is straightforward. Not sure if it is the cheapest or not.
Lets say I have Ethereum stored in my local wallet and I want to convert it to Zcash or any other coin and transfer it to my local wallet.
Where would I get the most accurate coins price and the lowest fees. What will be the cheapest option?
Plus It would be nice not to go trough a long verification process
I used shapeshift in the past and I like how it works (no need to register) but I am not sure about how accurate are the coins prices and how low the fees.
Where would I get the most accurate coins price and the lowest fees. What will be the cheapest option?
Plus It would be nice not to go trough a long verification process
I used shapeshift in the past and I like how it works (no need to register) but I am not sure about how accurate are the coins prices and how low the fees.
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