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RE: Quick tip using HIVE to transfer BTC between exchanges and save on fees

in #crypto • 4 years ago

Excellent post @bitrocker2020.

This is the first of its kind that I saw but it really does provide a use case for HIVE.

Being able to move BTC (I presume it will also work for other tokens such as ETH and LEO) between exchanges can be done for a few cents using HIVE as compared to BTC.

This is a marvelous find. We need to spread word on this.

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4 years ago in #crypto by
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     4 years ago  

    yea .. cuz i realized it as I managed to gain some BTC on bittrex and wanted to transfer to binance for my trades. its not a lot just about $40 of BTC but the thought of loosing that $5 on transfer fees is just too much for a small amount. And even ETH would cost you about $1.5 ... so decided to do it the HIVE way .. and it went thru within minutes with such insignificant fees.

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     4 years ago  

    Thanks for sharing the information. It is a wonderful way to utilize HIVE for a simple purpose but there is a major benefit.

    As stated, on a small move like $50 of BTC, a $5 fee is a lot. Thus, HIVE with its zero transaction cost, could be used for that purpose.

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