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Converting BTC to save on transfer fees

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Cryptocoins Exchanges / Binance 280 Views

I want to transfer my BTC from Binance to my Trezor One. I've seen a lot of messages about converting them first (XLM,XRP,ALGO) & then transfering them to another exchange (I also have a Kraken account) before converting them back to BTC & sending them to the hardware wallet from there.

Does anyone who uses this method calculate the conversion/tranfer fees first, or is the difference so great that it's always just worh doing it blindly? Right now it would cost me over Β£15 to transfer my BTC from Binance, whilst only Β£4 on Kraken. Whilst the transfer fee from Binance to Kracken would be a lot less for XLM,XRP,ALGO am I still guaranteed to save money after the other fees & exchange rates are taken into account?

submitted by /u/Mysterious_Bug13
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