700 EUR to exchange USDT to BTC or ETH !! CHOCK!!

[jayM]

I want to exchange 32200 EUR to BTC via SWAP in Trezor - ChangeHero want‌ to charge me 700 EUR in exchange fees 😵

Same if I want to do in‍ ETH 1inch charge 650 EUR !!

What to do, can it be done cheaper?

 

[JohnnyDoe]

for fiat exchanges use binance kraken or okx

 

[jayM]

No No, they sit as USDT in my wallet and want to get them to‌ BTC or ETH

 

[Burak]

I don't suggest using instant exchange websites with this amount, they will likely try to‌ scam you by random AML request. But you can compare exchangers here:
https://swapzone.io/exchange/usdt/btc

It shows‍ around 250 USD fee for 35000 USDT swap.

If you are holding USDT on Ethereum,⁠ you can check here too: https://exch.cx/
They claim no-KYC in any case, I've a positive⁤ experience but DYOR anyways.

 

[jayM]

I will transfer into kraken and back to btc, eth and ltc

 

[EliasIT]

Is that cheaper ?

 

[asaud]

oh my.. just bridge to avax chain and buy btc.b from 1inch then bridge to‌ btc from avax bridge. Btc.b price is 100 150 usd below from market price at‍ max

 

[Xshore]

How do you have EUR in USDT?‍

 

[aniglo22]

Satire? He just‌ did currency conversion , or his currency in his wallet/service provider is set to euro‍ and automatically converts it .

 

[JackAlabama]

its about 2%. IThere are even normal banks charge (aka scam) this away for normal‌ in account currency fx transactions.

 

[Clank]

With binance you will pay close to 0.

Otherwise you can use https://thorswap.finance/ it’s a‌ decentralized swap exchange that you can use between different chains.

 

[jayM]

true, set my wallet to show‍ in EUR.

yeah paid only 75EUR⁠ i fees - exchanges are too expensive for such sums.

I have to convert another⁤ 100K today.

 

[sebastian]

I always do the same never use the SWAP function in Ledger, Trezor or Exodus,‌ they charge a lot which you can do for a fraction with a little more‍ work by doing it like you said, send the money to kraken or binance, do⁠ the exchange there and get the coins back to your wallet.

 

[diatessaron]

https://www.okx.com/fees

 

[Joukilop]

Use bridge platform on internet. And just compare the fee between⁤ each of them.

About big amount, and AML. They're right.

But personally I already did⁣ multiples 20k+ never had any problem.

Anyway just swap 5k per 5k. You will lose⁢ 1h but at least you're safU

 

[SoNewToAllShit]

How do you go about 150K you want to trade with instantly. Would it be‌ secure to send them to Kraken or Binance or is the risk they will freeze‍ the amount and ask for additional KYC etc too high ?

If so, how to⁠ trade such amounts ?

 

[Clank]

https://thorswap.finance/

 

[SoNewToAllShit]

awesome, will have a look at it.

 

[EliasIT]

how secure is this and who is providing this‌ service, why is it more secure than an exchange i.e. kraken and binance?

 

[Clank]

It’s a decentralized‍ exchange that operates between chains, meaning for example that you can exchange Bitcoin for ETH.⁠