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RE: I Made My First STEEM - FIAT Withdrawal!

in #steemit7 years ago (edited)

Why not use blocktrades to transfer directly as BTC to bitstamp? One less process, and maybe less fees...

One big problem with cryptos os still the transfer fees, so usually, the less "jumps" you make on the transfer, the better.

Using blocktrades you get less BTC than Trading on an Exchange, but you dont pay the withdraw fee.

Do the math yourself, and see what Works better. It May look as small amounts, but when you start making more transfers they add up over time.

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Yeah using BTC is tough sell because of the transaction fee. If bitstamp does BCH, I'd use that (last I checked was the cheapest of all choices going to a Fiat gateway.)

Indeed. So far 3 of 4 of my transfers were steem > bch

Thanks for the pointers guys! Much love!