MultiversX Tracker is Live!

Question about fees when moving crypto off exchanges

Binance

Cryptocoins Exchanges / Binance 293 Views

I’m thinking of getting myself a cold storage device so that I can keep my crypto there. My gameplan is basically to DCA on a monthly basis into BTC and ETH. I’m curious what the best way to move it off the exchanges onto my cold storage device is, to avoid getting rinsed by fees? Am I just meant to bite the bullet every month and accept if I want to move it off an exchange there can be significant fees? Or maybe the fees aren’t even that bad. What are some basic tips you can lend me considering my gameplan? Is it better fees wise if I stack it for 2/3 months and transfer it all at once instead of in smaller monthly chunks, for example? I have no real clue.

Would be cool if anyone who also DCA’s with the intention of HODLing medium/long term and transfers across to cold storage could weigh in.

submitted by /u/CyberTyga
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments