LTBcoin address for payouts

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Posts: 133

Do any of you use the Metolic exchange address given to you? Do we have to use the address at countrawallet. I am not happy with all the fees the countrawallet has. After careful thought I maybe broke even with last weeks payout. I get charged the mining fee 2 tomes at countrawallet.

Posted on August 5, 2014 at 3:13 PM

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Halo

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Posts: 46

If you're using the exchange address as your LTBcoin address associated with your account you're at the mercy of the exchange in terms of controlling your coins. If it is a matter of fees though and your selling them on a weekly basis after the weekly distribution, then maybe it would be easier. It's just riskier because if the exchange gets hacked you could lose your coins.

Posted on August 5, 2014 at 4:27 PM
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Cryptonaut

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Posts: 1944
Location: Canada

Technically you should be able to yeah, but like the above poster said, you will be at the mercy of the exchange since they technically will own any coin you send to them.

Posted on August 5, 2014 at 5:57 PM
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sbatz72

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@halo If you're using the exchange address as your LTBcoin address associated with your account you're at the mercy of the exchange in terms of controlling your coins. If it is a matter of fees though and your selling them on a weekly basis after the weekly distribution, then maybe it would be easier. It's just riskier because if the exchange gets hacked you could lose your coins.

Thaank you for the good insight into the matter. I am sure I will do more than break even this week anyway. I do not have to exchange the LTBcoin until I have the entire amount of money I need to get my investment account started. This is the only way I an think of to save on fees. Isn't that what you are supposed to do throughout life?

Posted on August 5, 2014 at 8:11 PM
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ltb4me

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@sbatz72

@halo If you're using the exchange address as your LTBcoin address associated with your account you're at the mercy of the exchange in terms of controlling your coins. If it is a matter of fees though and your selling them on a weekly basis after the weekly distribution, then maybe it would be easier. It's just riskier because if the exchange gets hacked you could lose your coins.

Thaank you for the good insight into the matter. I am sure I will do more than break even this week anyway. I do not have to exchange the LTBcoin until I have the entire amount of money I need to get my investment account started. This is the only way I an think of to save on fees. Isn't that what you are supposed to do throughout life?

I suppose the absolute cheapest thing to do would be to see if someone is willing to buy your coins directly from you and then you just both send each other what is promised. Of course, this assumes that both parties actually send what they promised.

Posted on August 6, 2014 at 4:11 PM
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