[Quick Tip] How to Avoid Bitcoin Fees.

in bitcoin •  7 years ago  (edited)

Earlier today i wanted to transfer some Bitcoins to my Kraken account, I was surprised to see that i had to pay almost the same amount in fees. !
I was like:

giphy.gif

So i came up with a solution to pay almost 1/10 of fees.
Here how it goes. ( I am using Exodus, but the idea should be the doable with all wallets)

avoid bitcoin fees.PNG

I used the Exchange feature to exchange Bitcoins for Litecoin. The fee was negligibly small.
Then i sent the money to Kraken using Litecoin instead.

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Aren't they both on-chain transactions? Why would the fee be different between the two?

Maybe shapeshift used their own confirming methode

This should truly do it.

Try it out