Last few weeks, I did have a thought to convert some of my BCH into Chainlink , riding on the DeFi fever. (Luckily I didnt do any action)
Should I convert BCH to Chain?
Today I did little bit study on the exchange my normally use- crypto.com. About the transfer fee that incurred when transfer out from the wallet. As I was introduced by a friend to earn interest in Celsius (according to him, no transfer out fee from Celsius), I do not wish that before I earn the interest in Celsius, I lost a big portion of my model before even start earning in Celsius.
As you can see from the table below, which I extracted out from crypto.com into Excel format. BCH transfer fee is among the lowest in cryptocurrencies that offered by crypto.com.
https://crypto.com/exchange/document/fees-limits
As I am not big investor nor am I big whale, transaction fee do make up an important factor in decision making which crypto I should go into. (After tabulate the table, then I realise maybe Neo or Litecoin also good to go in ?)
Even I felt opportunity in buying Chainlink as it as retracted about 50% of it ATH, price now looks attractive. But seeing the high transfer fee make me to double consideration.
So for time being, I'd better stick to my BCH in Celsius and wait for the wave to come while earning some interest. At least layman like me , do know that BCH has got an active community as in read.cash , doesnt it?