Transfer to Binance

Eugene asked 4 months ago

Hello, sorry for silly question..
What is better in terms of safety and price?
Direct transfer Localbitcoins -> Binance or Localbitcoins -> my local wallet -> Binance?

1 Answers
Steven Hay answered 4 months ago

Hi Eugene,
 
Well, the cheapest and quickest would be the first option, as it has the least number of hops. You wait and pay a miner for each hop, so the 2nd option introduces another step. This extra step which will cost you another mining fee and confirmation wait-time.
 
As for safety, I’d say they’re pretty much equivalent.

Bitcoin Video Crash Course 

Know more than 99% of the population about Bitcoin. One email a day for 7 days, short and educational, guaranteed.