MultiversX Tracker is Live!

Advice of minimizing cost

Etherum Reddit

More / Etherum Reddit 240 Views

Hi all,

I have about 30 bucks of an ERC20 token that I want to get rid of in my Metamask wallet.

In the same wallet I also have about 100 bucks worth of ETH.

What I'd like to do is to convert the token to ETH and move all the ETH to another wallet (probably a CEX so that I can exchange it for fiat by EOY).

What would you advise as a strategy for maximizing the ETH that I'd receive in that other wallet? The options that crossed my mind are:

  1. Exchanging the token on uniswap to eth. This entails gas fees for approving the token + swap + sending the total ETH to another wallet.
  2. Bridging ETH and the other token to the BSC, doing the exchange there, sending the resulting Binance-pegged ETH to Binance. Costs: Bridge for ETH and the other token (assuming negligible gas fees in the BSC by comparison).

So I guess my question would be: how much can I expect to pay to bridge the tokens to the BSC?

Don't hesitate to tell me if other options than these two crossed your mind :)

submitted by /u/SpinelessChump
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments