Quote:
Originally Posted by daonna
Cryptopia was closed for new signups when I tried yesterday. Heard good reports though.
I've traded and withdrawn from Binance (this past weekend) with no ID verification and no problems at all. I deposited 1 ETH (deposit took about 20secs from start to finish) and withdraw approx 1.8 ETH 36 hours later (withdraw took about 45 mins Start to finish).
Check the WD fees before you finalise any withdrawal (different for each coin - some up to equivalent $50 or more). And buy 1 BNB coin b4 you trade anything.
Thanks for that information. Anyone here use cryptopia can offer insight on this? I would want to create an account there as well when they allow new signups.
The BNB coin. That is the binance coin and i read that you get fees to be 0.05% as oppose to 0.10%. So basically you just have to buy 1 coin and that would cut your fees in half? So you don't need to use binance coin to trade with all the altcoins right? Thus you use btc with it like normal to trade with altcoins?
Another related exchange question. There are lot of coins that are available on both bittrex and binance. If binance fees are either 0.10 or 0.05 percent compared to bittrex 0.25 percent, wouldn't you be always paying less when trading on binance compared to bittrex? I know you have to compare btc and the altcoin price but based on your experience, if a coin is available on both exchanges, best to use binance?