You are viewing a single comment's thread from:

RE: Why I'm buying EOS with Steemit earnings

in #eos8 years ago (edited)

I don't think your method is cheaper, I calculated fees on Blocktrades a while back and they were around 5% if I recall. There's no fee getting money into Bittrex, but to transfer onto Bitfinex will be charged, I haven't worked out the percentage accurately on my transfers but it was a lot less than 5%, at least with XRP. But you also have to take into account trade fees. I would guess it's still cheaper.

Sort:  

Thanks for letting me know. I should look into your method.

Unrelated to your answer, it's nice to use something that @dan created to buy into something that @dan will create. A win/win kinda situation. :)

Do a typical trade for equal amounts using both methods at the same time and see how much EOS you end up with, that's what I do sometimes when I want to know quickly if one method is cheaper. Also the Bittrex withdrawal fee is a flat fee whereas Blocktrades is (or was at least when I calculated it) based on a percentage, so Bittrex would definitely be cheaper over larger amounts.

But your way has the benefit of being through your own wallet so there's also that to consider.

Coin Marketplace

STEEM 0.13
TRX 0.24
JST 0.032
BTC 83869.48
ETH 2099.37
USDT 1.00
SBD 0.63