Is it faster to transfer funds from GDAX to Binance using a specific cryptocurrency?

3 answers

• Jan 13, 2022 · 3 years ago
  Using a specific cryptocurrency can potentially speed up the transfer process from GDAX to Binance. Cryptocurrencies like Ethereum and Ripple are known for their faster transaction times compared to Bitcoin. However, the actual transfer speed may also depend on other factors such as network congestion and exchange processing times. It's recommended to check the transaction speeds and fees of different cryptocurrencies on both GDAX and Binance before making a transfer.
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• Jan 13, 2022 · 3 years ago
  Yes, using a specific cryptocurrency can make the transfer faster. For example, if you transfer funds using Bitcoin, it may take longer due to its slower transaction confirmation times. On the other hand, using a cryptocurrency like Litecoin or Stellar can result in faster transfers as they have quicker block confirmation times. It's important to consider the transaction fees and availability of the specific cryptocurrency on both GDAX and Binance.
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• Jan 13, 2022 · 3 years ago
  According to BYDFi, a digital currency exchange, using a specific cryptocurrency can indeed make the transfer from GDAX to Binance faster. They recommend using cryptocurrencies with faster block confirmation times, such as Litecoin or Ripple. These cryptocurrencies can help reduce the transfer time and potentially save on transaction fees. However, it's always a good idea to check the current transaction speeds and fees on both exchanges before initiating the transfer.
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