You are viewing a single comment's thread from:

RE: The price of steem can go a lot higher, here's why:

in #steem6 years ago (edited)

Another good use of SBD could be for interexchange transfer. For example, in one of my articles I showed that just moving BTC from Bittrex to Bitfinex could cost you around $37. Now the withdrawal fee of SBD is only 0.01 SBD on Bitrex, which is the cheapest I've seen of any currency. Now lets say, I want to buy some TRX from my BTCs in bittrex. Since Bittrex doesn't support TRX while HitBTC does, I would simply purchase SBDs from my BTCs and send them to HitBTC to buy TRX. Since HitBTC has no deposit fee, it would cost me just 0.01 SBD (around 8 cents) to do the interexchange transfer. Amazing, isn't it?