Josemendez
Verified member
Bitcoin and Ethereum are the first and second cryptocurrency respectively in terms of market Capitalization ,and they have been facing challenges due to the fact that their transaction comes with high gas fee demand.
There is then concern on how to trade these coins that have potentials to give high return. Many people have not been able to invest in them because of the high fee associated with them.
To be able to invest in this coins without being faced with high gas fee especially when you want to withdraw them, you need to buy and holdl these coins in exchanges like Binance . There you do not have to pay gas fee when you want to sell your bitcoin or ethereum . You only pay for gas fee if you are to send it outside the exchange .
The only challenge with this is the fact that these exchanges are centralized and one can lose his funds there if the exchange site is hacked.
There is then concern on how to trade these coins that have potentials to give high return. Many people have not been able to invest in them because of the high fee associated with them.
To be able to invest in this coins without being faced with high gas fee especially when you want to withdraw them, you need to buy and holdl these coins in exchanges like Binance . There you do not have to pay gas fee when you want to sell your bitcoin or ethereum . You only pay for gas fee if you are to send it outside the exchange .
The only challenge with this is the fact that these exchanges are centralized and one can lose his funds there if the exchange site is hacked.