RE: Quick tip using HIVE to transfer BTC between exchanges and save on fees by taskmaster4450le

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Viewing a response to: @bitrocker2020/quick-tip-using-hive-to-transfer-btc-between-exchanges-and-save-on-fees

$0.06

Excellent post @bitrocker2020.

This is the first of its kind that I saw but it really does provide a use case for HIVE.

Being able to move BTC (I presume it will also work for other tokens such as ETH and LEO) between exchanges can be done for a few cents using HIVE as compared to BTC.

This is a marvelous find.  We need to spread word on this.

Posted Using [LeoFinance](https://leofinance.io/@taskmaster4450le/qa8b0k)

👍 bitrocker2020

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@bitrocker2020 · May 12 '20

yea .. cuz i realized it as I managed to gain some BTC on bittrex and wanted to transfer to binance for my trades. its not a lot just about $40 of BTC but the thought of loosing that $5 on transfer fees is just too much for a small amount. And even ETH would cost you about $1.5  ... so decided to do it the HIVE way .. and it went thru within minutes with such insignificant fees.

👍 taskmaster4450le

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@taskmaster4450le · May 12 '20

Thanks for sharing the information.  It is a wonderful way to utilize HIVE for a simple purpose but there is a major benefit. 

As stated, on a small move like $50 of BTC, a $5 fee is a lot.  Thus, HIVE with its zero transaction cost, could be used for that purpose.

Posted Using [LeoFinance](https://leofinance.io/@taskmaster4450le/qa8dcw)

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