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How to Transfer Money from Exchange 1 with the Lowest Fees for Coin Exchange on Exchange 2: A Step-by-Step Guide

Borgone 20. December 2023 at 20:59 1

Hello, how to transfer money from Exchange 1 with the lowest possible fees? I would like to exchange the money for coins later on Exchange 2. Thank you in advance.

Exchange it for a stablecoin (e.g. USDT) and send it to the second exchange – please pay attention to the correct network and, if necessary, make a test transaction beforehand.
Depending on which network is made available to you (USDT is quite cheap to send on Tron), different fees apply.

2 “likes”

eucare 21. December 2023 a 08:34 3

May I ask what the purpose of this is?

Well, it’s actually quite simple. Apparently there are coins on Exchange 2 that are now more in demand. Since you can only pay out to your own account, euros cannot be transferred between exchanges.

eucare 21. December 2023 a 12:08 5

But isn’t switching to Tether and back again more expensive than simply having the money paid out to your own account and then sending it to the other exchange?

Borgone 21. December 2023 at 12:46 6

Exchange 1 is not my own and the owner wants to transfer amount X to exchange 2.

You should stay away from something like that.
Keep cash flows assigned to the respective people and accounts separately.
In the case of donations, it is best to do so from bank account to bank account.
What is this all about?

2023-12-21 16:28:43
#Transfer #money #exchange #exchange

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