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 send 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.