Hi all,
I have about 30 bucks of an ERC20 token that I want to get rid of in my Metamask wallet.
In the same wallet I also have about 100 bucks worth of ETH.
What I'd like to do is to convert the token to ETH and move all the ETH to another wallet (probably a CEX so that I can exchange it for fiat by EOY).
What would you advise as a strategy for maximizing the ETH that I'd receive in that other wallet? The options that crossed my mind are:
- Exchanging the token on uniswap to eth. This entails gas fees for approving the token + swap + sending the total ETH to another wallet.
- Bridging ETH and the other token to the BSC, doing the exchange there, sending the resulting Binance-pegged ETH to Binance. Costs: Bridge for ETH and the other token (assuming negligible gas fees in the BSC by comparison).
So I guess my question would be: how much can I expect to pay to bridge the tokens to the BSC?
Don't hesitate to tell me if other options than these two crossed your mind :)
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