Transfer to Binance


Eugene asked 11 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 11 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.

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