Update: Blocktrades or Crypto Exchange?

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Update $113.00 more in hand using an exchange.

That compared to $253 loss plus fees on Blocktrades.

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If I had traded my liquid Steem balance via Blocktrades, it would have cost $253.00 plus fees, and I would have been done in minutes. I chose the slow, patient way and got $113.00 more in my pocket.

I sent the same 2933 Steem to a thieving underhanded exchange. I don't like exchanges. I put it up for sale, sold it all into bitcions, then sold the bitcoins for dash with each trade having a small fee. Then I sent three transfers of dash to my wallet over the course of three days due to limits. Each transfer had a small fee. and I still made money compared to the integrated Steem exchange called Blocktrades.

My dash is arriving and I have the total cost comparison.

Time is money

it is true what they say about time being money. It is also true that patience is a virtue, and I used a bit of patience, taking several days to change my Steem into dash coins.

Using the same values at the time of my last post: Steem @ $1.45 and Dash @ $2.53

Blocktrades:

2933 Steem ($4253.00) goes in and 15.8 dash ($4000.00) comes out = $253.00 plus fees.


or

Crypto Exchange

2933 Steem ($4253.00) goes in and 16.25 dash ($4113.00) comes out = $139.00.00 including fees.

Savings = $113.00


But in reality, I had sent the Steem to the exchange and sold it over a couple of days, waiting for higher prices, then bought Dash with orders that were awaiting lower prices.

Truth is, I got .45 more dash that I would have on the day of last the last post.


I got $113.00 dollars more than I would have.

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Update: Blocktrades or Crypto Exchange? | Ecency