For example, I created a wallet on one trade platform. My friend has some money in some cryptocurrencies (BTC, ETH ...) for example. So here is my flow:
friend's cryptocurrencies --(1)--> my wallet on trade platform --(2)--> convert to BTC if needed --(3)--> trading here
Base on above flow, my friend can give me by 2 ways:
- send me BTC directly. So I don't need to trade again to BTC on trade platform.
- send me other cryptocurrencies (i.e: Etherium). Then I convert back to BTC on trade platform with some fee. (normally small)
At step (1), As I see, the fee for bitcoin transaction is too high comparing to other cryptocurrencies. So my question is: is the second way is better. That means receive from my friend's wallet on different cryptocurrencies and then converting back to BTC later on trade platform. (This is doable because he own amount of money on different cryptocurrency)