Topic: cannot convert my ltc to usdt (Read 145 times)
Although exchanges have different trade and withdrawal limits, and you might find one whose low limit allows you to do the conversion, I'm afraid it remains pointless. In the first place, it's below the withdrawal limit. And even if you're allowed to withdraw such amount, what you will get in another exchange would be less than $2. And then it would get even smaller once you do the conversion, and even smaller once you withdraw it once more into your own wallet, or convert it into your fiat.
I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...
If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
The limit with exchanges varies, I was checking it a time ago when I was idle...lol. But I know that it is subject to changes over time which is why I can't ascertain anything now. LTC is not a coin that should have too high limit, for this, I would have advised you to try other exchanges, but the issue is that the $2 you want to change is way too small, you may never see the exchange that will change that for you.If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
Mind you, despite being that small, you can't still get the whole amount after the exchange. Exchanges will charge you for the rate, they don't call it a fee, but it is there. So, my advice for you is to leave this money there and let it continue to grow since it is crypto we are talking about, you can be sure to see the price above x3 in months.
After all, this is a small amount that you can do without, just leave it there and act as if it never existed. Then, when you eventually need it in the future, you can add more funds to be able to withdraw your money.
There are some exchanges where minimum amount of money is fixed for trading. That is, you cannot buy or sell any coins below the minimum amount that is fixed. I am a Binance exchange user and as far as I know no coins can be bought and sold below $7 minimum on this exchange. The exchange you mentioned may have some rules that prevent you from converting your minimum amount of Litecoin to USD. In this case, the solution for you may be that you deposit some more amount of USD in your exchange account and after depositing, you can convert Litecoin to any currency as you wish. I hope you can do it easily.
I think there's nothing you can do with your $2 on that exchange, that's a pretty small amount, and all your balance might eaten by the fees which commonly all exchanges have this limit of withdrawing amount or even transactions.
I didn't use Mexc exchange but if you have this option much better.
Just leave it there and wait until you can reach the limit. For now, there's nothing you can do just leave it there.
I didn't use Mexc exchange but if you have this option much better.
Just leave it there and wait until you can reach the limit. For now, there's nothing you can do just leave it there.
I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...
Of course, most cryptocurrency exchanges have coin conversion, the balance of which is low for trading. But if there is no such conversion on your exchange, then the easiest way to sell LTC in the situation you described is that you first need to make a purchase for $5 LTC, and then sell all the LTC available in your account for $7.
Binance Exchange has a feature that allows users to convert any amount of assets from one coin to another. Even if you have Bitcoin that is worth $1 and you want to convert it to BNB, you can do it on Binance. It has been a long time since I used MEXC, and I don't know if they have also added such a feature to their exchange. If you want to convert the LTC to USDT, I will suggest that you withdraw it to Binance Exchange, which will allow you to convert the coin to USDT, but also be aware that you cannot convert it to your local currency via P2P unless your asset is up to $5.
Yeah, this is very helpful especially if you have a lot of "dust" amounts of any cryptocurrency, they have this 1 button only to convert all small amounts of any cryptocurrency to another cryptocurrency.Best way for OP is buy additional LTC just to make up the value of LTC to reach the minimum amount.
Different exchanges have different rules so the $5 minimum on Mexc may not apply everywhere. But before moving your LTC check the rules of the new exchange you're considering. Look out for any minimum amounts for conversions, just to be sure you won't face a similar issue there?
I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...
If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
No, before you transfer to another platform, make sure to read the rules and regulations, as well as the minimum amount you should convert or transfer. Also, even if you want to transfer 2 dollars to another platform, it is not sure if the platform you are on will accept 2 dollars to transfer. I mean, I'm sure they also have a minimum amount for you to transfer your funds to another platform, and with that 2 dollars you have, are you sure you will want to convert it? Because even converting curreny to another there is a fee for that, so I think it is not worth it to do your convertion right now, better to save up more like 10 dollars then convert it. But if you say you don't want to buy crypto anymore, then it will be a problem that your two dollars will be in stock there until you meet the minimum conversion amount. If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
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Binance Exchange has a feature that allows users to convert any amount of assets from one coin to another. Even if you have Bitcoin that is worth $1 and you want to convert it to BNB, you can do it on Binance. It has been a long time since I used MEXC, and I don't know if they have also added such a feature to their exchange. If you want to convert the LTC to USDT, I will suggest that you withdraw it to Binance Exchange, which will allow you to convert the coin to USDT, but also be aware that you cannot convert it to your local currency via P2P unless your asset is up to $5.
I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...
If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
This website contains the information that you need. https://coinmarketfees.com/exchange/mxc. It details the deposit and withdrawal fees on mexc exchange. On that same website, you can also see the comparison between mexc exchange and other crypto exchange. Apparently, the minimum withdrawal fee is $7(although, this is subject to change based on market conditions). What you can do for now is wait until you are ready to buy more that is only when you can if you still want to them be able to withdraw. If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...
If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
Before you register on an exchange, it is best for you to understand the rules that apply to that exchange, by knowing this you will feel comfortable with that exchange, each exchange has different rules, some are higher and some are lower, but you also need to pay attention. the exchange's reputation for the security of your assets If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
If you don't want to buy anymore crypto then you just better leave it there. If the current exchange where your LTC is deposited and it's under the minimum amount for withdrawal, it doesn't makes sense because you can't withdraw it unless you add on top of that with another LTC more than $5 including the fee.
Telling him the differences of other exchanges and limits won't give him help. He's not even willing to add more so he can withdraw and sell that.
Telling him the differences of other exchanges and limits won't give him help. He's not even willing to add more so he can withdraw and sell that.
Most likely you won’t be able to do this. Even if you use an exchange with a low trade min, since you want to withdraw USDT which I am assuming is on the Ethereum network the fees will be more than the trade is worth.
Unless you deposit more funds in the exchange I don’t think you can do much. You can try and trade maybe for doge and that might have a lower withdraw threshold. I know Doge is not what you want but that at least you can self custody instead of leaving it on the exchange.
Unless you deposit more funds in the exchange I don’t think you can do much. You can try and trade maybe for doge and that might have a lower withdraw threshold. I know Doge is not what you want but that at least you can self custody instead of leaving it on the exchange.
I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...
If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
If I send that ltc to another exchange will I have the same problem?
So all the exchanges have that 5 minimum dollar rule?
I dont want to buy anymore crypto at the moment
I have made conversions on several exchanges such as mexc, bitget, binance and several others. The minimum conversion limit varies, some start from $4 and some start from $5. However, on average there is a minimum limit of $5 before we can make a conversion. Even if you send LTC of $2 to another exchange, it may not be possible because it will be hampered by transaction fees which will make your LTC value smaller and there is also a minimum limit for sending LTC assets which usually means LTC cannot be sent. My only advice is to hold until the LTC price rises several times and then sell.
I dont want to buy anymore crypto at the moment
I understand that. But what are you going to do with $2 worth of USDT? You will still have to pay a withdrawal fee at the exchange you send your LTC to. I do not think it will be worth it. Maybe best to use LTC to pay for something online? Or just leave it in your wallet.
No each exchange has different limits they set so this might be only for Mexc, other exchanges can have lower limits.
I was able to convert $2 worth of crypto to another crypto on Bybit before, but also now you have to trade at least $5. On Binance, it has to be at least $10.Exactly that’s why I said the limits is basically just for Mexc, last I remember they are one of those exchanges that have higher limits on coins trading. I just confirmed that OP can actually move his 2$ worth of litecoin because the minimum withdrawal is 0.02 litecoin ($1.4) at the current price of litecoin ($72) and also cover for the charges which is 0.001 litecoin ($0.072). But yet again which exchange can cover my such low amount to another token or coin.
First of all, you need to move this thread from the Bitcoin discussion board to the Altcoin discussion board.
It supposed to move it to exchanges board. Why? You can understand that from this quote:So all the exchanges have that 5 minimum dollar rule?
Still, I will advise holding the funds until they meet the requirements, because withdrawal fees would be an issue if OP wanted to transfer to another exchange.
If I send that ltc to another exchange will I have the same problem?
What's the withdrawal fee on mexc exchange? If there is a withdrawal fee, then it would cut into your already little find making it more difficult to convert that on any other exchange you plan to send it to.My advice would be to leave it there until you can add some more to it to scale the minimum withdrawal fee.
No each exchange has different limits they set so this might be only for Mexc, other exchanges can have lower limits.
I was able to convert $2 worth of crypto to another crypto on Bybit before, but also now you have to trade at least $5. On Binance, it has to be at least $10.Probably yes. Even if you manage to find another exchange, that has lower withdrawal limits, you would probably still need to pay for a withdrawal fee (possibly 1 USDT t). It's probably not worth it. You're better off finding someone who's willing to do this for you instead of using an exchange.
He is talking about trading fee. But it is truly not just worth it even if it is trading fee or withdrawal fee because $2 is small. I think he just want to hold a stable coin.First of all, you need to move this thread from the Bitcoin discussion board to the Altcoin discussion board.
It supposed to move it to exchanges board. Why? You can understand that from this quote:So all the exchanges have that 5 minimum dollar rule?
First of all, you need to move this thread from the Bitcoin discussion board to the Altcoin discussion board. Because your thread is related to altcoin, not bitcoin. Yes, every exchange has a limit for exchange, so you can't exchange your LTC unless you meet the requirements. Even I don't believe you can exchange it through P2P. I don't know how you got this amount in exchange. You can buy some more and convert it to USDT. Then you may sell your funds above $2. But I think it will consume more fees to do this. Better wait for an increase in the LTC price and sell when it meets the requirements.
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