We are trading our crypto on exchanges. We are buying, selling, sending and receiving crypto but do we really know how to do it without losing a lot on gas fees or commisions? As we all know, earning money online is not easy and we can't waste our hard earned money! So, how can we save our money? Let's check some methods:
Are you using right wallet for your transactions? 💸
There is so many crypto wallets outside. All of them has very different gas fees. You need to search cheapest and the most secure wallet for your transactions. For example Metamask is the cheapest for Ethereum chain but Electron Cash is the cheapest wallet for Bitcoin Cash chain! Make a research before depositing your money to any wallet!Are you using right chain for your transactions? ⛓️
For example, if you want to send USDT to your friend, which chain do you prefer? In my opinion TRC20 is the best way to do it! Because you don't need to pay gas fee on TRX chain! If you send USDT on ETH chain, you can pay nearly $30+ today! Also, you can use other chains for other currencies like ThunderCore chain or Binance Smart Chain(BSC)! But you have to be careful about your wallet and depositing address! Your exchange must support the chain that you send!Are you using right exchange for your trades? 📊
Read commisions carefully before depositing your money on some exchange. You can lose all of your money when you deposit, trade or withdraw on exchange. If the exchange which you want to use have it's own crypto check the perks of it! For example Binance has BNB, KuCoin has KCS and Nexo has Nexo token! Use these perks wisely!Are you using official wallets for storing your crypto? 💰
Official crypto wallets have some extra features. For example if you are storing your Algorand on official wallet, you can earn staking rewards and you don't need to lock your money, it's all flexible! Also don't forget that you can pay less gas fees than other wallets!SEARCH, SEARCH, SEARCH! 🔍
Don't do something that you hear from someone! Always do your own research. Use BMF, TrustPilot, Google, WOT! Read software comments on Play store or App store! Don't trust anybody without research! Take care yourself, see you next week 😉