04-20-2021, 01:10 PM
PRO tip: Use Stellar Lumens (XLM) to transfer your coins between exchanges.
<!-- SC_OFF --><div class="md"><p>I wanted to buy a specific coin that was only available on Binance and Kucoin. I transferred some ETH from my Coinbase Pro account to Binance. After the transferring the money, I noticed I missed quite a bit of ETH. I was so stupid that I didn't pay any attention to the withdrawal fee...</p> <p>Then I noticed that the price of Stellar Lumens (XLM) is quite stable and it's almost free to withdraw it from any exchange! So I swapped my coins on Coinbase from ETH -> XLM. Then I transferred my XLM to Binance. The transfer fee on XLM was 0.00001 XLM, that's $0,000005! After XLM arrived on Binance I swapped my XLM to ETH. I know it's kind of hassle, but it saved me a few dollars! </p> <p>For example, it now costs you $0.02 to withdraw from Binance: <a href="https://i.ibb.co/mXvxCDJ/image.png">https://i.ibb.co/mXvxCDJ/image.png</a></p> <p>On most exchanges it costs you a few penny, you can use <a href="https://withdrawalfees.com/coins/stellar">this site</a> to check the withdrawal fees: <a href="https://i.ibb.co/pQW5CJm/image.png">https://i.ibb.co/pQW5CJm/image.png</a></p> <p>I know that there are other options such as NANO. Unfortunately, Coinbase does not have that coin.</p> <p>This is also a very educational way to see how crypto transfer works. One last thing I want to mention is: DO NOT FORGET to fill in the memo with the correct information, otherwise your XLM will not arrive at the exchange!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AvenueM"> /u/AvenueM </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mucxgu/pro_tip_use_stellar_lumens_xlm_to_transfer_your/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mucxgu/pro_tip_use_stellar_lumens_xlm_to_transfer_your/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I wanted to buy a specific coin that was only available on Binance and Kucoin. I transferred some ETH from my Coinbase Pro account to Binance. After the transferring the money, I noticed I missed quite a bit of ETH. I was so stupid that I didn't pay any attention to the withdrawal fee...</p> <p>Then I noticed that the price of Stellar Lumens (XLM) is quite stable and it's almost free to withdraw it from any exchange! So I swapped my coins on Coinbase from ETH -> XLM. Then I transferred my XLM to Binance. The transfer fee on XLM was 0.00001 XLM, that's $0,000005! After XLM arrived on Binance I swapped my XLM to ETH. I know it's kind of hassle, but it saved me a few dollars! </p> <p>For example, it now costs you $0.02 to withdraw from Binance: <a href="https://i.ibb.co/mXvxCDJ/image.png">https://i.ibb.co/mXvxCDJ/image.png</a></p> <p>On most exchanges it costs you a few penny, you can use <a href="https://withdrawalfees.com/coins/stellar">this site</a> to check the withdrawal fees: <a href="https://i.ibb.co/pQW5CJm/image.png">https://i.ibb.co/pQW5CJm/image.png</a></p> <p>I know that there are other options such as NANO. Unfortunately, Coinbase does not have that coin.</p> <p>This is also a very educational way to see how crypto transfer works. One last thing I want to mention is: DO NOT FORGET to fill in the memo with the correct information, otherwise your XLM will not arrive at the exchange!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AvenueM"> /u/AvenueM </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mucxgu/pro_tip_use_stellar_lumens_xlm_to_transfer_your/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mucxgu/pro_tip_use_stellar_lumens_xlm_to_transfer_your/">[comments]</a></span>Kind Regards R