crypto withdrawal is commonly varied depending on the coins or tokens, or also the exchanges themselves.
Yes, I do agree that commonly stable coins will have higher transaction fees, but what network is used? For we have also BSC, SOL, and TRX that offer low transaction fees to transfer stable coins or USDT. So actually, currently, we have several types of networks that ease us to choose the lower one. But, not all platforms or exchanges have these options. So, we must be careful in choocisng the exchange or platform itself. But if we are using the segwit wallet, the transactin fee is also low enough, right?
Topic: btc alternatives to use when withdrawing from the exchange (Read 186 times)
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Bybit has minimal withdrawal amount - 0.001 BTC, so you can't withdraw 10$ via bitcoin network. Binance has very expensive withdrawal of many coins. If you are not afraid of KYC, it is better to use FTX exchange, there withdrawal of bitcoin and most altcoins is free.
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
I use the BSC and TRON chain instead of BTC alternative to withdraw from the exchanges. The most useful of them is the TRON platform. The bigger or the lower transaction as I complete where 1 TRX will be the withdrew fee. My transactions were completed in short time via TRX. I have been using Tron in my crypto transfer as a favorite medium for long a time. 
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Every exchange has withdrawal and deposit limits, you should read all of them carefully before making a trade, if wrong you will lose them and get no help from the exchange. To be safe and avoid paying high fees for withdrawals as well as the risk of price fluctuations while waiting for withdrawal confirmation, you should choose USDT or stable coins.
I don't remember the exact withdrawal limit or withdrawal fee of other coins but for stable coins it is usually fixed at 1USDT for Tron network or other networks except ETH network. This is a normal fee that is not high.
Do you think these 2 coins are the best options to use when withdrawing?
I suggest that you try using XRP when withdrawing on crypto exchange. It's network fee is just cents and it does not take a lot of time for your transaction to be executed. I've been using it since then when making withdrawals and I always receive it in less than 10 minutes. Just don't forget to include the destination tag if they require it so you will really receive the xrp on your wallet.
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Afaik most of the decentralize exchange require atleast 10-15$ amount to make a withdrawal, did the video mentioned what platform did they used to be able to withdraw 1$?
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
As a rule, the Tron ecosystem has the lowest commission. Withdrawing USDT TRC20 stablecoins costs me no more than $1 as a rule and these stablecoins are supported by many exchanges. This is not the best option for long term storage, for this I use the DAI ERC20. Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
First you need to make sure why you're looking for an alternative for Bitcoin, if it is about reducing the withdrawal fee then stable coin or Litecoin or just any popular coin with high liquidity can do the job.
The risk of losing the value while withdrawal is unavoidable so you need to take the risk or go with stable coins and then withdraw the Fiat into your bank account.
Every exchange has lowest withdrawal limit and even the limit varies from one to another so I feel $10 is good enough to be the minimum withdrawal amount considering the withdrawal fee which mostly exceed $20.
Except you have the intention of holding this project i don't see the point of withdrawing with them because if you do then what will happen afterwards?
besides projects that are base on bsc are relatively low in gas fees same as other network except for eth.
Even if stablecoin is your choice, you can withdraw using trc20 i think it is cheaper than the rest (am not sure). But in a situation where your fund is really small you might consider those options otherwise it is not a big deal.
besides projects that are base on bsc are relatively low in gas fees same as other network except for eth.
Even if stablecoin is your choice, you can withdraw using trc20 i think it is cheaper than the rest (am not sure). But in a situation where your fund is really small you might consider those options otherwise it is not a big deal.
Check withdrawal fees for Litecoin and Algo
Litecoin: https://withdrawalfees.com/coins/litecoin
Algo: https://withdrawalfees.com/coins/algorand
You can take a quick look on that site and after narrow down potential exchanges to use, you must go to those exchange websites to double check.
Litecoin: https://withdrawalfees.com/coins/litecoin
Algo: https://withdrawalfees.com/coins/algorand
You can take a quick look on that site and after narrow down potential exchanges to use, you must go to those exchange websites to double check.
As far as I make withdrawals using stable coins there are no problems whatsoever. but I prefer to use TRX because it is cheap and fast. Some say that stable coins sometimes also have their own risks, because there is no clarity whether stable coins are really backed up or not. but I'm sure if it was BUSD they would be safe.
Like you so far in using stable coins I have never had a problem but of course everyone has their own experience and cannot be compared,true TRX is indeed an option or alternative because it has a low cost and fast,
Hopefully in the future there will be no serious problems
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
I wonder if you really need this, I know that people want to save money and that is understandable, however if you withdraw your money using a coin that you never really use then what is the point?Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
So the first thing that you need to think about is if you actually need to convert your money to a coin with a cheap fee, because unless your capital is very small and you are planning to deposit and to withdraw your coins over and over again I do not really see the point of converting your capital to one of those coins just because of the commissions, you could even save yourself all of that trouble if you were willing to keep your coins at the exchange for as long as possible and only make a withdrawal once you are ready to hold your coins for the long term.
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
If you are just going to send your $4 to your bank account, just use the Binance P2P instead, you don't have to pay withdrawal fees anymore. I don't suppose you would hold $4 worth of altcoin so it's best to just use the P2p market and trade it for your local currency.
In bybit I guess you can use the XRP I think these are the easiest and fastest altcoins that is widely used.
As far as I make withdrawals using stable coins there are no problems whatsoever. but I prefer to use TRX because it is cheap and fast. Some say that stable coins sometimes also have their own risks, because there is no clarity whether stable coins are really backed up or not. but I'm sure if it was BUSD they would be safe.
Yes, USDT is a good stable coin to used as far as deposit and withdrawal. I understand the risk, but so far I haven't encountered any on USDT so I still prefer to used them.
So what I do is from BTC->USDT if I'm doing P2P in Binance. I know you can do it BTC right away, but I prefer to convert it to USDT first.
As for altcoins, Doge or Xrp, I used them before for depositing in an exchange and gambling platform, they are very cheap as fast. So look for them as good alternatives as well.
~Snip~
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
first, compare from stable coin, algorithm and and lite coin. which one is more efficient. this is indeed every excanger has a minimum withdrawal especially the 2 markets you mentioned. I did a survey and it turns out that xlm and trx may be lower in some markets for fees. And if you are looking for an affordable minimum withdrawal and spend why don't you choose Hotbit from the start? all of them already have regulations and terms of condition for each of these managements and as a customer, like it or not, you have to follow the rules.I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
As far as I make withdrawals using stable coins there are no problems whatsoever. but I prefer to use TRX because it is cheap and fast. Some say that stable coins sometimes also have their own risks, because there is no clarity whether stable coins are really backed up or not. but I'm sure if it was BUSD they would be safe.
yes trx is quite special and the speed of delivery and cheap, quite a favorite to be an alternative also for me when the trx network is needed and quite often used by some people, especially deposits.if you talk about busd, it's definitely backed up by binance bro. it means that you have less intuition which guarantees stability of universal coins like usdt. but looking at the giant company, at least it's pretty convincing. although I rarely use busd.
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Tested Litecoin way back, can't remember how long it takes to withdraw though. Then XRP as well, fast as hell, I guess you have to try it. Used stable coins as well, doesn't bother for that small fees because they are quick as well.
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I guess it depends on the situation, if you know that the market is volatile that time, might be better to wait?
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
You have to read the exchanges minimum withdrawal so that you won't be caught with this issues. I like the idea of testing them as well to see how is everything, specially if you are going to deposit in a thousands for your trading.
Fees and confirmation time are somewhat a big consideration when withdrawing from an exchange and I'd see that XRP has a lower fee than other coins. And aside from that, it only takes a few minutes to confirm. Dogecoin also is asking for small commissions and fees.
Well, we also have to check if our receiving wallet accepts those coins I've mentioned above otherwise, it gives no option but to just use BTC or ETH as this likely been supported by all wallets.
Well, we also have to check if our receiving wallet accepts those coins I've mentioned above otherwise, it gives no option but to just use BTC or ETH as this likely been supported by all wallets.
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
First it's very rare that bitcoin or crypto will crash before you are able to withdraw your money out of the exchange. I have been withdrawing money using P2P and the prices don't change much.
Secondly, if you need to test the withdraw first, you need to withdraw the minimum amount set by exchanges. Every exchange has a different value and it is usually greater than a dollar
Used to do withdraws on litecoin way back, although I find it somewhat expensive at times and slower compared to XRP. In Ripple, I get my transaction done from one exchange to another in less than 2 minutes, and the fees don't go over 10 cents at most. Since I found out about Ripple's fees and confirm times, I never tried to look for an alternative, although of course it will be helpful if I can find a 'better' alternative than the one I'm using right now. For those who frequently move funds from exchanges to exchanges, XRP is a good choice if you're looking for fast transactions and cheaper fees.
I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Those coins are also good option when withdrawing your money from the exchange sites. The fees are quite small for litecoin but i will prefer to use the stable token rather than it. It's caused by the volatility may sometime affect total amounts that you have withdrawn it from the platform. Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I prefer to use BUSD instead of litecoin. It takes only less than 2 minutes to be delivered which is very fast. I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
There would be minimum amounts to be withdraw but you can try to use FTX for that. FTX didn't prevent its users to withdraw low amounts of money 
You can compare withdrawal fees for all assets that are on the exchanges that you mention:
Binance Deposit & Withdrawal Fees
Bybit Deposit and Withdrawal Fees
There are similar reference tables on almost every exchange. Let's compare fees for crypto you mention before (for binance):
Litecoin: 0.001 ltc (0.051491 USD)
Algorand: 0.008 algo (0.00295807 USD)
Calculated with https://3commas.io/converter/ltc-usd and https://3commas.io/converter/algo-usd
You can also find the minimum withdrawal amount in the tables above.
If you want to withdraw in stablecoins and if there is a small amount on the balance, it is easiest to withdraw TUSD to the BNB Smart Chain (BEP20). Minimum Withdrawal is 0.44 and fee is 0.8
If there is at least ten dollars on the balance, then you can withdraw it for free as BUSD to the BNB Smart Chain (BEP20).
Binance Deposit & Withdrawal Fees
Bybit Deposit and Withdrawal Fees
There are similar reference tables on almost every exchange. Let's compare fees for crypto you mention before (for binance):
Litecoin: 0.001 ltc (0.051491 USD)
Algorand: 0.008 algo (0.00295807 USD)
Calculated with https://3commas.io/converter/ltc-usd and https://3commas.io/converter/algo-usd
You can also find the minimum withdrawal amount in the tables above.
If you want to withdraw in stablecoins and if there is a small amount on the balance, it is easiest to withdraw TUSD to the BNB Smart Chain (BEP20). Minimum Withdrawal is 0.44 and fee is 0.8
If there is at least ten dollars on the balance, then you can withdraw it for free as BUSD to the BNB Smart Chain (BEP20).
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