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Anonymous

08 May 2021

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I have 0.35 ETH and 0.03BTC. Is it worth it to transfer from Binance.sg to Gemini to earn interest?

Thank you

Gemini Crypto Exchange Binance Singapore Crypto Exchange

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Chris

08 May 2021

Owner and Writer at Tortoisemoney.com

Taking the current Earn rates:

BTC - 2.05% APY

ETH - 3.05% APY

And the current withdrawal rates from BinanceSG:

BTC - 0.0004BTC

ETH - 0.01ETH

Your final BTC balance and ETH balance after transferring:

0.0296 BTC and 0.34 ETH

For you to 'make back' the transfer costs ( (Final balance Interest rate / Transfer Cost ) 365 days ):

BTC ~240 days

ETH ~351 days

Using these numbers, I think you'd roughly be able to decide if you think the costs are worth it based on how long you intend to hold them and your crypto investing strategy.

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