How to change trading pairs on existing portfolio?
How to change trading pairs on existing portfolio?
Hi Everyone,
I have most of my portfolio paired with USDT (for example CSPR/USDT, CTSI/USDT etc) However, upon doing more research, I wish to change to BTC pairs instead.
What is the best way for me to switch the existing holdings to BTC pairs?
Is it simply to sell the coins and then buy back as BTC pairs?
I’m worried the buying and selling fees would add up to a lot. Is there any other way to achieve this?
Any thoughts would be much appreciated.
Many thanks in advance
If you buy CSPR in a CSPR/USDT, you dont have to sell CSPR to buy BTC just to buy CSPR/BTC.. You dont have to because you are automatically have the pair of CSPR/BTC.. ALTCOIN/BTC pairs is only profitable during bullruns.
So just incase BTC is about to pump, you can sell CSPR you bought in a CSPR/USDT from CSPR/BTC dashboard to HODL BTC.. And when CSPR is about to pump,, sell your BTC in the CSPR/BTC pair to get CSPR.
I believe this is more profitable than trading only in USDT pair… but remember theres always a risk of losing in trade.