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RE: What If Steemit Really Is Just A Beta (Afterthought)?
The no fees thing certainly is a biggie. I kind of jumped into crypto with some fiat on Coinbase and have lost about 40% of that at present ( I know - just wait 5 minutes and the market will swing.) But when I really analyzed the trades I had lost a good chunk in fees! I don't even pay fees to my bank - always find the way around them and I was rather embarrassed I unwittingly paid that much in crypto fees. Nonetheless - live and learn. Thanks for your insight and thanks especially for that awesome ummm General Cat picture :P
I'm getting killed on my alt-coin withdrawal and deposit fees. I think I had to pay 6 ark for a withdrawal once, wtf. Ark is over $4.
I had bought Steem on OpenLedger but then their gateway was broken so I couldn't move it to the platform so I ended up changing it back into btc and then transferred it - all in all I think I paid about $40 usd in fees. Guess I'll chalk it up to paying for the learning experience. Which exchanges do you have the best luck with? When I tried I couldn't even open a Bittrex account. Ended up on Binance and OpenLedger - both of which leave something to be desired (like ease of use and low fees).
To a large extent, the ones who will make a killing in this blockchain revolution will be the exchanges and their fees. Since this is a global 'anyone who has a few buck can participate', the vast number of transactions being made trading cryptos and their annual fees is going to mind blowing.
I actually was so shocked after some of my earliest withdrawals that I made a spreadsheet for all my altcoins that included columns for trading fees AND withdrawal fees, then a calculation for the two. The exchange that is the cheapest to buy a coin on is the one with the best combo. I lost 100 coins on one withdrawal, which was a full 10% of what I'd bought!
How are you upvoting a comment?
@skyefox - to upvote a comment use the little green circle with the up arrow in it at the bottom of the comment. To the far left of the reply text link you used to create this reply. Is that what you're asking?
No, I saw many comments come in through a service. I figured it out but I appreciate your help!