Binance in Ontario.. Transferring out..

So with the recent BS with Ontario & Binance, I am being forced to transfer everything out of Binance.. And unfortunately have to face all the fees with everything I am transfering..

I was originally staking or using the savings Earn on majority of my Crypto. Now basically wasting everything I’ve earned to date because of fees on ETH, SHIB, STMX, BTT, VET, VTHOR and still waiting on ADA, ALGO, DOGE & XRP to get out of the Flexible Savings and Locked Staking.

So my Question is, is it worth just selling all, and finding the lowest transaction fee Coin or using USDT and sending 1 large transaction? Anyone in the same scenario?

Decided on using Exodus Wallet for some staking options, as well as Nexo.

Not sure which exchange to go to either.

What do you think?

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  1. First: Canada is turning into a 1984-esque shithole

    Having said that, here’s a solution: get some BNB so Binance drops your conversion fees. Then convert all your assets to a low transfer fee coin (preferable XLM, but you also have Cardano, Algorand, etc.).

    Transfer that coin to your new exchange, and in your new exchange convert it to your coins of choice.

    Yes, you’ll still have to pay some fees and commissions, but not nearly as much as if you were transferring with ERC20’s ridiculous gas fees.

  2. Anything ERC20 is going to fuck you on fees. I’m in the same boat. I’m thinking I just liquidate everything to LTC or something, as the fees are basically non existent.

    I’m pissed because the staking reward’s are by far the best on binance. Im going to be living in the defi world with a cold wallet from now on.

An experience to share with you