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RE: What If Steemit Really Is Just A Beta (Afterthought)?
I'm getting killed on my alt-coin withdrawal and deposit fees. I think I had to pay 6 ark for a withdrawal once, wtf. Ark is over $4.
I'm getting killed on my alt-coin withdrawal and deposit fees. I think I had to pay 6 ark for a withdrawal once, wtf. Ark is over $4.
I had bought Steem on OpenLedger but then their gateway was broken so I couldn't move it to the platform so I ended up changing it back into btc and then transferred it - all in all I think I paid about $40 usd in fees. Guess I'll chalk it up to paying for the learning experience. Which exchanges do you have the best luck with? When I tried I couldn't even open a Bittrex account. Ended up on Binance and OpenLedger - both of which leave something to be desired (like ease of use and low fees).
To a large extent, the ones who will make a killing in this blockchain revolution will be the exchanges and their fees. Since this is a global 'anyone who has a few buck can participate', the vast number of transactions being made trading cryptos and their annual fees is going to mind blowing.
I actually was so shocked after some of my earliest withdrawals that I made a spreadsheet for all my altcoins that included columns for trading fees AND withdrawal fees, then a calculation for the two. The exchange that is the cheapest to buy a coin on is the one with the best combo. I lost 100 coins on one withdrawal, which was a full 10% of what I'd bought!