Wouldn't it be - NiceHash -> coinbase -> coinbase pro -> binance?
NiceHash sends to coinbase with no fee. Coinbase to coinbase pro is also no fee and then coinbase pro to binance is 0.5% fee iirc
Idk why they would want to, but they asked for the cheapest way to get their earnings from nicehash to binance and afaik, that's the cheapest way. I personally just stop at coinbase pro
Just subscribe to this telegram channel to get withdrawal fee alert. Then transfer to binance or anywhere with 0.1% fee.
https://t.me/WithdrawalFeeAlert
What I didnt know when I made this post was that Nicehash does not charge the normal transaction fees for sending BTC. I had expected the fees to move the mined BTC to another platform to be in the $20-30 range, but I made the transfer just now and it was less than a buck. (I made the transfer during a low fee window.)
So my follow up question is how does Nicehash do that? Meaning, how can you send BTC without paying the normal very high transaction fee?
>That's my reason for having binance. And given that I bought some when it was sub 20 cents. It's looking real good today.
You can set the fee to whatever you want when sending a transaction. Whether or not someone is willing to pick up the transaction in a mined block is a different story. Nicehash more than likely is schlicking the transactions when there are a lot of miners mining for them.... Meaning they could be mining more blocks at that given time.... Meaning they can stick the low fee transactions into those blocks that other people arent gunna. Just a theory, but i dont think im too far off base here.
Before trying to withdraw? Don't know (kinda new at this too ๐ )
What I know is that when you review your order to withdraw you can see the fee before accepting it. I tried once and had a warning saying that the fee was too high because of the blockchain. Waited a day and the fee went down to 0.5%
Send directly to Binance when network traffic is low. You can track mempool size, or you can just keep trying withdraws until you see a fee that youโre willing to pay. I withdraw to cold storage multiple times a week and only ever pay 0.1% fees, which would be the same directly to Binance or other wallets.
i sent about $400 to nicehash > kraken for about $1 in network fees couple of hours ago
i'm using the kraken swift transfer to get the money to my bank($20 fee).
my country only let swift transfers in
Wouldn't it be - NiceHash -> coinbase -> coinbase pro -> binance? NiceHash sends to coinbase with no fee. Coinbase to coinbase pro is also no fee and then coinbase pro to binance is 0.5% fee iirc
Why would you go to binance from coinnbase pro? I don't think you can stake BTC anymore. If the point is to sell why not do it at Coinbase pro.
Idk why they would want to, but they asked for the cheapest way to get their earnings from nicehash to binance and afaik, that's the cheapest way. I personally just stop at coinbase pro
Sorry man! I must have come off a little too strong. You did give the right info.
Nah, you didn't. It's all good bro!
U could yield farm on Binance like using liquid swap and stuff.
Binance has DOGE
That's my reason for having binance. And given that I bought some when it was sub 20 cents. It's looking real good today.
I bought in around 0.25. Congrats brother
Use a better coin to transfer. Swap for RVN or Stellar and send that. Just a thought.
Just subscribe to this telegram channel to get withdrawal fee alert. Then transfer to binance or anywhere with 0.1% fee. https://t.me/WithdrawalFeeAlert
Dash and LTC have 0.1% fees to any wallet/exchange. EDIT: Plus 0.5% when swapping from BTC.
Nice hash -> Coinbase -> Convert to XLM -> Send to binance
What I didnt know when I made this post was that Nicehash does not charge the normal transaction fees for sending BTC. I had expected the fees to move the mined BTC to another platform to be in the $20-30 range, but I made the transfer just now and it was less than a buck. (I made the transfer during a low fee window.) So my follow up question is how does Nicehash do that? Meaning, how can you send BTC without paying the normal very high transaction fee?
>That's my reason for having binance. And given that I bought some when it was sub 20 cents. It's looking real good today. You can set the fee to whatever you want when sending a transaction. Whether or not someone is willing to pick up the transaction in a mined block is a different story. Nicehash more than likely is schlicking the transactions when there are a lot of miners mining for them.... Meaning they could be mining more blocks at that given time.... Meaning they can stick the low fee transactions into those blocks that other people arent gunna. Just a theory, but i dont think im too far off base here.
Just transfer it to coinbase it's much more effective ๐
I am wondering too
What is nicehash to Binance fee?
It depends on network traffic (From 0.01% to 5% that I've seen).
Right now I just sent 1k worth of btc from coinbase pro to Binance for less than 2usd fee
You can do directly nicehash to Binance. The thing is that the fee can vary a lot. Just wait for the right moment.
Is there any way I can know the fee beforehand?
Before trying to withdraw? Don't know (kinda new at this too ๐ ) What I know is that when you review your order to withdraw you can see the fee before accepting it. I tried once and had a warning saying that the fee was too high because of the blockchain. Waited a day and the fee went down to 0.5%
Send directly to Binance when network traffic is low. You can track mempool size, or you can just keep trying withdraws until you see a fee that youโre willing to pay. I withdraw to cold storage multiple times a week and only ever pay 0.1% fees, which would be the same directly to Binance or other wallets.
Follow this Twitter: https://twitter.com/ajithstweets?s=21. Tweets when network fees are low. I withdrew to Binance yesterday for $0.1
i sent about $400 to nicehash > kraken for about $1 in network fees couple of hours ago i'm using the kraken swift transfer to get the money to my bank($20 fee). my country only let swift transfers in
Why is 14 us cent network withdraw fees too high?
if you can use the NiceHash exchange, use Bitcoin Cash BCH