With the rising of bitcoin rightnow , the fee to transfer bitcoin from one exchanger to another exchanger counted so big and equal to 7$ -15$ (from price of 50.000-100.000 satoshi) and it was very expansive especially for little trader like me .
im here want to share how to minimize your fee in a small transaction from one exchanger to another exchanger , i get this trick from my friend and i hope can help new trader to minimize their feee , lets check out ..
im using 2 example site that is https://bittrex.com/ to https://vip.bitcoin.co.id/
the main fee of bitcoin trasnfer is 100.000 satoshi
i make example that i want transfer my 500.000 satoshi
1st thing what i do is convert my bitcoin into another bitcoin , I suggest to use xlm because that coin have low fee and fast transaction between time 15 minute into 30 minute also stable price for that time ,
im just using ask price for fast exchange , from that transaction my current satoshi 498750 .
after that i send it to my xlm at VIP
the fee so cheap right XD , so my current xlm is 582.64 , and wait till the process end .
if you lucky enough , after the process end , the price of xlm at VIP is higher than Bittrex like this
but if not , the price just drop 1-5 satoshi or just same , and the last thing is just sell your xlm if you want fast just sell to buy orders but if you want a little profit sell it at sell order
im here sell at buy orders at 862 satoshi
and tadaa , what i get is 500.2236 satoshi , rather than pay the fee i get little profit from that exchange.
one note from me, see the market before, if the price close do it but if to far wait till get the moment
i think that enough , i hope it can help you all :))
Happy Trading