For y’all brehs who use ku coin how do I know what the fees are, do they vary ?
i sent some Bitcoin from ku coin to Coinbase to cash out and that shyt took a chunk of my money.
I like using ku coin cause they have so many coins but damn if they gonna tax me like this gains damn near pointless
I guess I’m still not completely understanding gas fees
It depends on the coin, they charge you a number or % of coins when you withdraw/send them from the exchange.For y’all brehs who use ku coin how do I know what the fees are, do they vary ?
i sent some Bitcoin from ku coin to Coinbase to cash out and that shyt took a chunk of my money.
I like using ku coin cause they have so many coins but damn if they gonna tax me like this gains damn near pointless
I guess I’m still not completely understanding gas fees
For y’all brehs who use ku coin how do I know what the fees are, do they vary ?
i sent some Bitcoin from ku coin to Coinbase to cash out and that shyt took a chunk of my money.
I like using ku coin cause they have so many coins but damn if they gonna tax me like this gains damn near pointless
I guess I’m still not completely understanding gas fees
Kucoin doesn't use gas fees. It's a centralized exchange. I think fees vary per coin.
Yeah I just did some reading up on it the fees aren’t bad l guess I should only take big amounts and not a few hundred here and there. I will take like 200 and the hit is like 30 40 dollars
the problem is i don’t like leaving my money in the overseas exchanges. They might just change their rules one day and I can’t get my money since I don’t have a real verification it makes me nervous l. Don’t really feel like doing all the vpn shyt
The best way to avoid fees is to either buy your crypto on Coinbase Pro and keep it there for a few days until they let you move it or buy something like XLM that has dirt cheap transaction fees. I'll deposit the money I intend on buying stuff with onto CB Pro, I think after like 3 to 5 days you can withdraw it without any transfer fee. It's not ideal for impulse buying, but if you have a plan and general strategy that includes regularly putting money there so you can pull the trigger when need be it's good.
If I want to get something right away and not pay gas fees I'll get it on KuCoin. I'll buy XLM on Coinbase and eat their fee (latest example, I bought 1000 worth of XLM, the fee was like $15, I hate it but yeah whatever) and send it to KuCoin for literally nothing.
After it's on KuCoin, sell the XLM for USDT and buy the coin you want. All of that movement costs you whatever Coinbase's cut is vs paying gas fees and getting wrecked.
My brother wanted to buy $50 worth of this coin called POOL the other night, he sent me a screenshot of the wallet fees. It gave him a MATIC option and an ETH option
The ETH gas fee was $72 dollars, so it would have cost him $122 for $50 worth of the shyt he was buying. He ended up getting the MATIC version of course, but yeah... fukk that shyt brehs
the problem is i don’t like leaving my money in the overseas exchanges. They might just change their rules one day and I can’t get my money since I don’t have a real verification it makes me nervous l. Don’t really feel like doing all the vpn shyt