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My solution to the high fees of BCH when gathered in micro portion like from noise.cash: Today I tried consolidating my "heavy wallet" to have a smaller UTXO count and pay less fees on future transactions. What happened was this: To consolidate 33.5$ I paid 2.51$ transaction fees (I send it from Trust-Wallet to Ledger Nano) It left behind 1.56 of BCH that is not transferrable, because of dust-problem (DYOR) As my Trust-Wallet is the one I want to spend from, I retransferred it paying only 0,01$ Longterm way of doing this for me: Now I got 3 Wallets for BCH 1 on Ledger Nano, created just for all those dust from noise.cash. Consolidating once a month to Trust-Wallet 1 on Ledger Nano for my real investment long term holdings. 1 on Trust-Wallet for spending it. p.s.: I don't give those very small tips anymore, because the receiver might run into the dust-problem ... #Club1Bch
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Thanks for info. I used Atomic wallet in NC but the fees is so huge. If its ok to use exchanger like binance. Does it will affect the micro portion? Or binance have fixed or remain small fees?
My guess ... custodial wallets do not have that problem at all. As you don't have a real wallet, it is just them taking it into their big one and accounting your fraction to you. But you have to pay THEIR fees for a transfer! noise.cash/post/l2j77w79
I am curious how that would work with an exchange based wallet - in terms of minimizing the fees
Try out ;-) My guess ... custodial wallets do not have that problem at all. As you don't have a real wallet, it is just them taking it into their big one and accounting your fraction to you. But you have to pay THEIR fees for a transfer!
A centralized one could be a nice solution, with the bnb of Binance it is light, and bch can be staked on Earn. but the bch adress is not valid on NC...
Great ^^