Transferring crypto from Kraken to Binance.
Hey everyone! I'd like to start using Binance, and I was wondering if it is possible to transfer my crypto from Kraken to Binance (as I cant deposit fiat onto Binance – they dont accept my debit cards as theyre not American) How does one go about this?
everything on Kraken into Stellar Lumens $XLM.. you can use that to transfer your whole portfolio to Binance for a withdrawal fee of 0.00002 XLM, which is equivalent to nothing. Your funds will be available in Binance in about 5-10 minutes 👍.
Once in Binance you trade your XLM to USDT or BNB and use that to trade the percentages of your old holdings back to their corresponding tokens. or you re-evaluate your decisions and pivot you portfolio percentages.
Always do your own research though 👍👍👍
Source: cryptocurrencyreviews.eu I wanted to send aave to my ledger wallet, but the fee in Binance was around 45$ or around 0,1 AAVE. By converting and trading to xlm and back I managed to circumvent the fee and only payed 0,02 AAVE for the wallet transaction. For me the difference in fees far outweighed the cost of trading 4 times (AAVE on Binance > USDT > XLM > send to kraken > XLM > USDT > AAVE on kraken > AAVE on ledger.