Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: bitterguy28 on May 03, 2024, 03:53:02 AM
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is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.
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is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.
Exodus has been notorious for its high fees, and as far as I know, the fees depend on the status of the blockchain and Exodus does not charge users directly. Typically, Exodus tends to suggest fairly high fees to ensure a smooth user experience, but users can still customize fees when sending tokens.
For the Swap feature, I couldn't find any instructions related to custom fees, so Exodus probably doesn't support this feature yet. Exodus uses various methods for swapping, including DEXs and CEXs, which can result in high fees. I wouldn't recommend using Exodus Swap frequently. It's better to connect directly to DEXs or send tokens to CEXs then trade there.
- How do I swap crypto in Exodus Swap? (https://www.exodus.com/support/en/articles/8598630-how-do-i-swap-crypto-in-exodus-swap)
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As already suggested above, you should use CEX or DEX directly because in most cases it's cheaper than using the wallet's built-in swap.
any tips how can i save fees to convert my USDT to bitcoin?
It's not specified in your post which blockchain your USDT is on. But if your USDT is on the TRON blockchain, here is a tip for you: you can save on transaction fees by purchasing energy for your money transfer instead of directly paying network fees for energy. At current rates you can save $1.35 or $2.7 per transaction just on that.
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is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.
Exodus is using third party exchange providers for making any swaps, so they are going to charge fee for this and they also charge standard transaction fees on both blockchains.
Fees on Bitcoin and Ethereum can get really high and you would have to pay double fees when using Exodus.
Note that Exodus partners can also freeze your coins when exchanging coins!
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is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.
If you're making use of a wallet, that is a different case entirely, while if you're making use of an exchange, it will be convenient for you to use the exchange pairs in changing for your desired coin, but using exodus wallet, i don't think you can use that to exchange except you send first to an exchange, also about high fees, you may have to wait for some time when the fees come down before sending if you cant afford the cost.
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is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.
If you're making use of a wallet, that is a different case entirely, while if you're making use of an exchange, it will be convenient for you to use the exchange pairs in changing for your desired coin, but using exodus wallet, i don't think you can use that to exchange except you send first to an exchange, also about high fees, you may have to wait for some time when the fees come down before sending if you cant afford the cost.
What? have you used Exodus wallet? because if not then best to not comment in things that you don't understand , because that USDT i was asking used to be Bitcoin that I just converted to USDT when the price of bitcoin rose up so now the problem is that I need to bring back that USDT to bitcoin.
is there someone who uses exodus here? why it needs so much fee in converting USDT to Bitcoin ? any tips how can i save fees to convert my USDT to bitcoin? wanted to add funds in bitcoin but i am not a old user of Exodus its just happened that i have needed anther wallet to keep my diversify folio so i have downloaded exodus not digging how bad their service is.
Exodus has been notorious for its high fees, and as far as I know, the fees depend on the status of the blockchain and Exodus does not charge users directly. Typically, Exodus tends to suggest fairly high fees to ensure a smooth user experience, but users can still customize fees when sending tokens.
For the Swap feature, I couldn't find any instructions related to custom fees, so Exodus probably doesn't support this feature yet. Exodus uses various methods for swapping, including DEXs and CEXs, which can result in high fees. I wouldn't recommend using Exodus Swap frequently. It's better to connect directly to DEXs or send tokens to CEXs then trade there.
- How do I swap crypto in Exodus Swap? (https://www.exodus.com/support/en/articles/8598630-how-do-i-swap-crypto-in-exodus-swap)
makes sense , thank you for the answer mate , will check this since i am still keeping my usdt .