Cheapest Way to Transfer Crypto Between Exchanges: Cryptocurrency trading is almost similar on all exchanges. But the main difference is that the user has to face is a trading interface. Some exchanges are very simple and easy to use. While others have a pro-level interface to trade coins and staking.
Top exchanges like Binance, Coinbase, etc accept a lot of coins but not all. Also, their staking charges and staking APY is very different. Suppose Binance is offering ETH staking 12% APY while FTX or Coinbase may offer 28% APY on the ETH staking.
In this case, if you want to earn more from your holding you have to transfer tokens from one exchange to another. The process is very simple but the main reason behind not transferring tokens is their higher transaction fee.
So we are always on the lookout for a way to reduce our transaction charges. Because if you transfer Ethereum from one exchange to another then you will have to pay very high fees.
With this, a lot of your money will end in transaction charges only. But don’t worry! I am here to help you with this.
Today, I will tell you the best and cheapest way to transfer coins from one exchange to another. This is the coin with the cheapest price and cheapest transaction fee.
The Cheapest Way to Transfer Crypto Between Exchanges
So, friends, today we will see the cheapest coin to transfer between exchanges. Because many exchanges have a lot of limitations like sending at least 0.5BNB or 0.001BTC. It is so disappointing.
Tron is the cheapest coin to transfer funds between exchanges at a very low transaction fee. Transferring TRON is the cheapest way to transfer crypto between exchanges. Now see how to transfer funds:
1. Convert Your Asset Into Tron
- Crypto to TRON
- Fiat To Tron
You will either have cryptocurrency or you will have fiat currency in your wallet. Just convert it into TRON. For this, you have to place a trade order in such a way:
Crypto/TRON or Fiat/TRON.
2. Transfer Tron
Now you have a TRX token in your exchange wallet. Transfer these TRON to the desired exchange.
- Go to funds in front of Tron select withdrawal from the current exchange.
- Go to funds and in TRON wallet select deposit (in your destination exchange).
It will hardly charge 1 TRX to transfer funds between these exchanges. The current price of Tron is 5 INR which is very affordable to all crypto traders.
3. Convert Tron into Desired Crypto for trading and staking
Now you have Tron in the destination exchange. Convert it into the coin you want to trade or stake here. Suppose your destination exchange is offering higher staking rates for ADA coin then convert TRX into ADA and keep earning.
Also, Read:
Best Cryptocurrency To Buy Right Now.
How to check if a coin is real or fake.
Cheapest Coin To Transfer Between Exchanges
Binance Smart Chain(BNB) is a cost-effective coin to transfer coins from one exchange to another exchange. If both exchanges support the BUSD BEP 20 network, then the transaction will be completely free.
Suppose you have 100 BUSD coins on the Binance exchange and want to transfer them to the Trust Wallet for use on the PanCakeSwap exchange. Then BUSD BEP 20 network is one of the best and transaction cost is zero.
If we use BUSD BEP 2 then a cost of $0.5 will be charged. But instead of BEP 2 or BEP 20 if we will use the BUSD ETH network then a minimum of $25 will be deducted for the network fees.
Cheapest Way to transfer crypto between exchanges like Binance to WazirX, CoinDCX
If you want to transfer funds between central exchanges like Binance, FTX, Crypto.com, CoinDCX, etc. Then paying BTC or USDT or any other coin will charge more transaction fees depending upon their network.
ETH transfer charges more transaction fees compared to BNB transaction fees. And TRX transaction fee is most convenient compared to the all known blockchain network.
So the cheapest way to transfer crypto between exchanges like Binance to WazirX and any other exchanges is to transfer through Tron (TRX). TRX blockchain is speedy, reliable, and scalable compared to the other existing competitor.
FAQs
The cheapest way to transfer crypto between exchanges is to convert your asset into a TRX coin and then transfer to the desired exchange and then again trade for the desired or required cryptocurrency.
As per the current blockchain speed and transaction fee, Tron is the cheapest token to transfer funds.
There are so many coins that can be transferred between exchanges like BUSD, ADA, ETH, BTC, etc. But their transaction fee depends upon the network. If the BNB coin is transferred to the Tron network, then the fee will be high.
So, transferring coin to the same network remain cost-effective. The best coin to transfer is BUSD BEP 20 to BUSD BEP 20. This transfer is completely fast and free.
If your system or exchange does not support this BUSD BEP 20 token, then transfer it to the TRX network. It charges a max of 5 TRX per transfer.
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