Minimize your fee ,Bitcoin Tips and trick #1

in #bitcoin7 years ago

   With the rising of bitcoin rightnow , the fee to transfer bitcoin from one exchanger to another exchanger counted so big and equal to 7$ -15$ (from price of 50.000-100.000 satoshi) and it was very expansive especially for  little trader like me .


 im here  want to share how to minimize your fee in a small transaction from one exchanger to another exchanger , i get this trick from my friend and i hope can help new trader to minimize their feee , lets check out ..


im using 2 example site that  is https://bittrex.com/ to https://vip.bitcoin.co.id/ 

the main fee of bitcoin trasnfer is 100.000 satoshi 

i make example that i want transfer my 500.000 satoshi 


1st thing what i  do is convert my bitcoin into another bitcoin ,  I suggest to use xlm because that coin have low fee and fast transaction between time 15 minute into 30 minute also stable price for that time , 

  

im just using ask price for fast exchange , from that transaction my current satoshi 498750 .

after that i send it to my xlm at VIP

the fee so cheap right XD ,  so my current xlm is 582.64 , and wait till the process end .

if you lucky enough , after the process end , the price of xlm at VIP is higher than Bittrex like this


but if not , the price just drop 1-5 satoshi or just same , and the last thing is just sell your xlm if you want fast just sell to buy orders but if you want a little profit sell it at sell order 

im here sell at buy orders at 862 satoshi

 

and tadaa , what i get is 500.2236 satoshi , rather than pay the fee i get little profit from that exchange.

one  note from me, see the market before, if the price close do it but if to far wait till get  the moment 

i think that enough , i hope it can help you all :))

Happy Trading 


 

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