I can’t give financial advice. However, I can offer some general information about blockchains. Would that help?
If you’re considering transferring your Bitcoin (BTC) from Coinbase to Bittrex, here are some factors to consider:
- Transfer Fees: Coinbase charges a fee for each transaction, which can range from $2 to $10 per transfer, depending on the amount and payment method. Bittrex also charges a fee, although it’s usually lower than Coinbase.
- Percentage-Based Fees and Static Fees:
Ethereum Available: Transfer BTC from Coinbase to Bittrex: Static or Percentage Fee
- If you’re transferring a small amount of Bitcoin (less than $100), the transfer fee may be a fixed percentage of the transaction amount rather than a fixed static fee.
- Coinbase fees are typically calculated as a percentage of the transaction amount, so if you have a small balance and need to transfer a small amount (less than $10), the fee could be around 1-2 cents per Bitcoin. However, it ultimately depends on the specific amount and your wallet configuration.
Bittrex fees are typically lower, with an average fee of around 0.0005-0.001 BTC for small transactions (less than $100). This is a more efficient use of your Bitcoin, but it may not be as attractive if you have a larger balance.