What's the best way to deposit on Binance?

Phriend

jr. member

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Quote from: damir10 on March 11, 2018, 04:50:17 AM

I usually do my transfers between exchanges via Litecoin or ETH.

Bitcoin transactions is now around 1-5 sats/byte but still some fraud exchanges and wallets charges you called ''network fee'' which is totally lie.

Be careful about other alternative coins. Cause they may stuck for a while at the current days.

Because it's faster?
Is it worth doing this? You pay more in fees, right? Are the fees nominal?

Archibaldos123

newbie

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A eщё ecть вapиaнты?

damir10

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I usually do my transfers between exchanges via Litecoin or ETH.

Bitcoin transactions is now around 1-5 sats/byte but still some fraud exchanges and wallets charges you called ''network fee'' which is totally lie.

Be careful about other alternative coins. Cause they may stuck for a while at the current days.

Alluro

member

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Binance is the best one. You can choose Ethereum or NEO to deposit binance. Because it's good for your transaction fee. Litecoin also not bad.

ElusivePhantom

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Quote from: mk4 on March 11, 2018, 12:49:21 AM

Quote from: MintDice on March 11, 2018, 12:42:58 AM

Withdrawals from GDAX are free so you can transfer over your BTC and then use that to purchase alt coins. Finance also has a good reputation for fast transactions!

Good luck Grin

You meant, ~~Finance~~ Binance, right? Tongue

and no, Binance has faster transactions just because their withdrawal fees are usually higher compared to other exchanges.

They have just cut their BTC withdrawal fee by half (back to what it was a few months ago).

But also a point of consideration to question being asked, trading fees on Binance are reduced by 50% by holding some BNB (Binances own coin).

They are a good investment in themselves as well. So if you're planning to trade on Binance, pays to buy some BNB.

And their transactions are processed fast as already mentioned. I've used Binance primarily for most of my trading. They are reliable and trustworthy.

JoinKazr

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The people's etherum..... been waiting for this one. Using ETH or Neo for deposit!

mk4

legendary

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Paldo.io 🤖

Quote from: MintDice on March 11, 2018, 12:42:58 AM

Withdrawals from GDAX are free so you can transfer over your BTC and then use that to purchase alt coins. Finance also has a good reputation for fast transactions!

Good luck Grin

You meant, ~~Finance~~ Binance, right? Tongue

and no, Binance has faster transactions just because their withdrawal fees are usually higher compared to other exchanges.

MintDice

member

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Withdrawals from GDAX are free so you can transfer over your BTC and then use that to purchase alt coins. Finance also has a good reputation for fast transactions!

Good luck Grin

mk4

legendary

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Paldo.io 🤖

Here[1] are the coins that are supported by Binance. Just to make sure that the coin you want to trade is actually being traded there. And yea, just send over your BTC from GDAX to Binance. If I remember correctly, withdrawals on GDAX are free. Not sure about how long though, but it wouldn't probably take more than an hour as bitcoin transaction fees are decently fast as of now.

[1] https://coinmarketcap.com/exchanges/binance/

Phriend

jr. member

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I think the coin I want to buy is sold as a BTC pair on Binance. Should I just send BTC from GDAX to Binance? If so, how long can I expect this to take?

Might it be better to send Litecoin to Binance... and then to convert it to BTC once it gets there? Or would I get crushed in fees?

Topic: What's the best way to deposit on Binance? (Read 152 times)