facebookIs it worth it to transfer my BTC and ETH holdings from Coinhako to Gemini? Could anyone kindly explain how do I transfer them from Coinhako to Gemini? Thank you. - Seedly

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Anonymous

11 Jun 2021

Cryptocurrency

Is it worth it to transfer my BTC and ETH holdings from Coinhako to Gemini? Could anyone kindly explain how do I transfer them from Coinhako to Gemini? Thank you.

I understand that I can earn some interests for BTC and ETH if I own them under Gemini Earn. Can someone explain how it really works? I’m slightly concerned about transferring to the wrong wallet address. Thank you so much!

Discussion (7)

What are your thoughts?

It would depend on your holdings currently in Coinhako, fees for withdrawal (transfer) to another exchange for stake/earn.

Aside from Gemini Earn, there are other alternatives in the market as well

Up to 5% interest (can consider BlockFi or Celsius which has a higher earn rate than Gemini)

Up to 8% on all your Crypto for first $10k:

-Blockfolio: Trade Bitcoin, Doge, and other crypto with zero fees on FTX. Use my referral code and get a free coin when you trade $10 worth. https://link.blockfolio.com/9dzp/a6166e21

If withdrawal fees are easily earned back through higher interest rates on platforms like BlockFi/Celsius/Blockfolio, I would usually just withdraw it and earn it back in interest than to sell it on Coinhako (with much higher fees), and have a much harder time trying to time the market to enter the same position.

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Continue to stay in Coinhako would be the better short-term solution until a better platform emerge.

Feel free to use my referral code: 233063_95003828

https://www.coinhako.com/affiliations/sign_up/2...

Agreed with Maximilian. Should sell everything that you are holding in Coinhako then repurchase in o...

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