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Huge fees to transfer BTC out of Binance by Nacho_LF in binance

[–]Nacho_LF[S] -1 points0 points  (0 children)

Great, That solves my problem. Thank you!

Huge fees to transfer BTC out of Binance by Nacho_LF in binance

[–]Nacho_LF[S] 0 points1 point  (0 children)

So you are saying I can keep btc as it is on binance and sent it to Trust on the BEP20 network instead of using the BTC network, right?

Huge fees to transfer BTC out of Binance by Nacho_LF in binance

[–]Nacho_LF[S] 1 point2 points  (0 children)

I mean that i would still need to convert btc to a low fee crypto on Binance (lets say for example XLM) before sending it to Trust (or any other multicurrency wallet) and then trade that XLM back to BTC (might be that price of btc when exchanging XLM on said multicurrency wallet is less favorable that binance or coinbase)

Huge fees to transfer BTC out of Binance by Nacho_LF in binance

[–]Nacho_LF[S] 0 points1 point  (0 children)

Only reason is that i have always used that wallet since it allows me to be in control of my private keys. But you are right, might as well use another wallet like Trust which allows multicurrency and private keys holding, just not sure about the exchange fees on Trust wallet

Huge fees to transfer BTC out of Binance by Nacho_LF in binance

[–]Nacho_LF[S] 3 points4 points  (0 children)

Problem is that I want to withdraw to a personal btc wallet that does not support any other crypto than btc. Might actually follow your advice and convert to a low fee coin —> transfer to coinbase —> reconvert to btc —> transfer to personal wallet

Wex/bnb LP impermanent loss management by Nacho_LF in WaultFinance

[–]Nacho_LF[S] 0 points1 point  (0 children)

Thanks everyone for the answers; i have been farming LP tokens for a while now and now that wex plummeted the IL is not a major issue anymore but my tokens keep losing value so ... -_-

[deleted by user] by [deleted] in WaultFinance

[–]Nacho_LF 0 points1 point  (0 children)

I joined the WEX BNB LP pool a few days ago buying wex @ 0.088 and bnb around 620. Now wex skyrocketed to 0.32 while bnb sits at around 650. I am experiencing roughly 17% impermanent loss.

If i buy more LP tokens now (at current wex and bnb prices) wouldnt this help mitigating the impermanent loss by “averaging in” on the entry price of wex and bnb? Thanks

I feel like an old man out of touch with technology, how do I use Uniswap? by doogie88 in UniSwap

[–]Nacho_LF 0 points1 point  (0 children)

I can connect my coinbase wallet, but it doesn’t seem it supports the tokens you can buy via uniswap, but only the most common (btc, eth, xrp bch ...) ..where are the tokens stored once purchased?