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vxhviet/stableCoinToCelsius.md

Last active September 11, 2021 14:11
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stableCoinToCelsius.md

Cheapest way to transfer stable coin to Celsius

Reddit, Reddit, Reddit, Reddit, Reddit, FTX start charging, USDT withdrawal fee on FTX, Nexo, Nexo, FTX

Most stable coin on Celsius use Ethereum network (ERC20), hence it's quite costly to send directly from exchange to Celsius (15$ - 20$). Here are some work around:

  • Binance > Celsius: BUSD (3$ withdrawal fee) ?

  • Gemini > Celsius: GUSD (free, Gemini covers fee) ?

  • Kraken > Celsius: USDC (2.5$ withdrawal fee) ?

  • FTX > Celsius: free for non ERC20 token, for ERC20 token such as USDC or USDT 1$-10$ depending on ETH gas.

  • Binance > FTX > Celsius: on Binance convert to some low widthdrawal fee coin such as XLM or LTC, send to FTX, convert to non ERC20 stable coin or convert back to the original coin, use free widthdrawl to send to Celsius.

  • Any > Blockfi > Celsius: 1 free stable coin withdrawal per month.

  • Any > Nexo > Celsius: Send coin to Nexo, exchange for stable coin, use Nexo 1 free withdrawal per month to send to Celsius.

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