Topic: Cheapest Way To Withdraw From Binance Account? - page 2. (Read 308 times)
I’m using XRP to withdraw funds from my Binance because we have a local wallet to cashout XRP, and its very cheap compare to other options. I suggest, know what crypto is being accepted on your local wallet than can easily convert into fiat money, ERC20 tokens are quiet expensive, though USDT under TRX network is cheap as well, try to figure this one and know the possible best option for you.
I do not advise you to output in the erc_20 format at all , this exchange is famous for cheap output on its own blockchain (bep_20, bsc) transfer BUSD to the stablecoin and output, at one time there was 0 commission, in general, your output will be equal to a commission of up to$ 1 in this network.
I have an altcoin on binance that I need to withdraw. I also have a tiny bit of btc and bnb on it as well.
Basically i have roughly 2000 dollars worth of altcoin and about 8 dollars worth of btc and 5 dollars worth of bnb.
I would like to withdraw everything to my hardware wallet nano ledger s. I only keep btc and bch in my nano ledger s.
My options seem to be
Sell that 8 dollar worth of btc for usdt/usdc? Then sell the 5 dollar bnb for usdt/usdc? Then withdraw either the usdt/usdc and the altcoin to my nano ledger?
Sell that 5 dollar worth of bnb for btc. Sell that 13 dollar worth of btc for that same altcoin I have. Then withdraw that altcoin whole balance to my nano ledger?
Sell the altcoin for btc. That altcoin can only be traded for BTC or ETH. Sell the 5 dollar worth of bnb fo btc. Then withdraw the whole btc balance to my nano ledger?
It wouldn't make sense to just
Withdraw Altcoin to nano ledger. Withdraw btc to nano ledger. Withdraw bnb to nano ledger. Since the withdraw fee to withdraw btc is higher than my btc balance?
No need to doing some complicated trade like that mate, You are not only paying fee for withdraw but also paying trading fee (0.1%), The best way to do it's converting small balance on your main account to BNB and you can find this feature on binance wallet section, after that you trade it to BTC/BCH as you said you only hold that and then you can withdraw to your ledger, Beside that maybe you considering alts like LTC or BNB, It's costing small withdraw fee rather than Bitcoin or BCH. Basically i have roughly 2000 dollars worth of altcoin and about 8 dollars worth of btc and 5 dollars worth of bnb.
I would like to withdraw everything to my hardware wallet nano ledger s. I only keep btc and bch in my nano ledger s.
My options seem to be
Sell that 8 dollar worth of btc for usdt/usdc? Then sell the 5 dollar bnb for usdt/usdc? Then withdraw either the usdt/usdc and the altcoin to my nano ledger?
Sell that 5 dollar worth of bnb for btc. Sell that 13 dollar worth of btc for that same altcoin I have. Then withdraw that altcoin whole balance to my nano ledger?
Sell the altcoin for btc. That altcoin can only be traded for BTC or ETH. Sell the 5 dollar worth of bnb fo btc. Then withdraw the whole btc balance to my nano ledger?
It wouldn't make sense to just
Withdraw Altcoin to nano ledger. Withdraw btc to nano ledger. Withdraw bnb to nano ledger. Since the withdraw fee to withdraw btc is higher than my btc balance?
I have an altcoin on binance that I need to withdraw. I also have a tiny bit of btc and bnb on it as well.
Basically i have roughly 2000 dollars worth of altcoin and about 8 dollars worth of btc and 5 dollars worth of bnb.
I would like to withdraw everything to my hardware wallet nano ledger s. I only keep btc and bch in my nano ledger s.
I think you know we can use another blockchain to send/withdraw Bitcoin. Other blockchain transactions are faster and lower cost than Bitcoin. Although my advice is different, I think you don't have a major reason to withdraw your portfolio. 2k USD is enough money to be safe in Binance exchange. You can minimize your altcoins transaction cost by using others blockchain if your altcoins support. Basically i have roughly 2000 dollars worth of altcoin and about 8 dollars worth of btc and 5 dollars worth of bnb.
I would like to withdraw everything to my hardware wallet nano ledger s. I only keep btc and bch in my nano ledger s.
That's a complex withdrawal passing for you to do but have you looked with some altcoins like XRP just for the withdrawal? it costs not that much and it's mostly what I do to withdraw some funds there especially if it isn't that much.
So people who say withdraw it into bnb since fee is less for that... i know i could store bnb in ledger.
But one issue is... what if i cant sell bnb though? Thing is i wouldnt be able to use binance.. binance.us etc due to my country/citizenship.
Is there always a way to sell bnb coin since that is the situation im in?
You can because BNB is on binance.us. But one issue is... what if i cant sell bnb though? Thing is i wouldnt be able to use binance.. binance.us etc due to my country/citizenship.
Is there always a way to sell bnb coin since that is the situation im in?
So people who say withdraw it into bnb since fee is less for that... i know i could store bnb in ledger.
But one issue is... what if i cant sell bnb though? Thing is i wouldnt be able to use binance.. binance.us etc due to my country/citizenship.
Is there always a way to sell bnb coin since that is the situation im in?
But one issue is... what if i cant sell bnb though? Thing is i wouldnt be able to use binance.. binance.us etc due to my country/citizenship.
Is there always a way to sell bnb coin since that is the situation im in?
Basically, Tron and Binance networks have low transaction fees. The coins you intend to withdraw should be compatible with these networks. If you intend to hold a coin, for example, Bitcoin, consider the wrapped version (WBTC) with polygon network or avalanche network, etc. - but not Ethereum network because of high gas fees. For stable coins consider USDT (Binance smart chain). Check the available networks in the wallet and ensure there is compatibility before you withdraw or make transfers. Just my opinion, there could be better alternatives.
For the version I choose, I always go with Waves (I prefer it because I plan to hold this coin in quite a large amount). There's a project I'm targeting in the waves network this year. As each individual needs, this is not a total suggestion. However, you should be able to minimize paying large fees. Don't let you spend a lot of money, especially in several different types of transactions. Must be combined in one shipment. Can be with BSC (BEP20), Polygon, or also with TRC20.
I always do this - I convert everything into one coin and withdraw it to my wallet. BNB I choose most often, it is easy to exchange even small balances of other coins.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
If you wanna get the cheapest way to withdraw your money and the only possible thing to do this should be converting all of your assets into the USDT and then you can try to withdraw it in TRON USDT or Binance smartchain USDT. You need to pay a single fees to withdraw all of your transaction and this will not charge you a lot of fees.
It needs you to pay a small fees and that will become the reliable way to convert all into USDT and withdraw it.
It needs you to pay a small fees and that will become the reliable way to convert all into USDT and withdraw it.
The thing that is confusing is what are the withdraw fees for btc, usdt and usdc on binance? Because i see multiple different chains for each of these.
BTC
USDT
USDC
You can take a look at this site for all the withdrawal fees in binance. --> https://www.binance.com/en/fee/cryptoFee
But I also have to make sure its compatible with the nano ledger as i heard usdt and usdc is only ETH chain?
Yep. As far as I know, only the ERC20 protocol standard is supported in Ledger Live, which means that you will be spending around $25 for withdrawal fee. In my opinion, I would suggest you to convert your extra BTC to BNB and withdraw them to your hardware wallet using the Binance Smart Chain(BEP-20) since BNB withdrawal will only cost you for around $ 0.2.Ledger Live supports BNB(BEP-20): https://www.ledger.com/binance-coin-wallet
What is my best option here? My issue with keeping that altcoin is im not sure if i could even sell it in the future because I cannot use many exchanges. It is also an ETH coin so people say im going to pay lot of fees.
But if i trade it all for usdt/usdc... wouldn't i incur lot of fees as well? I mean i dont mind keep usdt or usdc as its a stablecoin.
The thing that is confusing is what are the withdraw fees for btc, usdt and usdc on binance? Because i see multiple different chains for each of these.
But I also have to make sure its compatible with the nano ledger as i heard usdt and usdc is only ETH chain?
Are those my three options that I list based on the coins I have and since i want to send it to my nano ledger? Thing is im confused if i have to pay around 25 dollars to withdraw usdt or usdc from binance to nano ledger? But I see if its a different network, its only ten or twenty cents?
Bitcoin would cost around 22 dollars or so?
But if i trade it all for usdt/usdc... wouldn't i incur lot of fees as well? I mean i dont mind keep usdt or usdc as its a stablecoin.
The thing that is confusing is what are the withdraw fees for btc, usdt and usdc on binance? Because i see multiple different chains for each of these.
But I also have to make sure its compatible with the nano ledger as i heard usdt and usdc is only ETH chain?
Are those my three options that I list based on the coins I have and since i want to send it to my nano ledger? Thing is im confused if i have to pay around 25 dollars to withdraw usdt or usdc from binance to nano ledger? But I see if its a different network, its only ten or twenty cents?
Bitcoin would cost around 22 dollars or so?
I have an altcoin on binance that I need to withdraw. I also have a tiny bit of btc and bnb on it as well.
Basically i have roughly 2000 dollars worth of altcoin and about 8 dollars worth of btc and 5 dollars worth of bnb.
I would like to withdraw everything to my hardware wallet nano ledger s. I only keep btc and bch in my nano ledger s.
My options seem to be
Sell that 8 dollar worth of btc for usdt/usdc? Then sell the 5 dollar bnb for usdt/usdc? Then withdraw either the usdt/usdc and the altcoin to my nano ledger?
Sell that 5 dollar worth of bnb for btc. Sell that 13 dollar worth of btc for that same altcoin I have. Then withdraw that altcoin whole balance to my nano ledger?
Sell the altcoin for btc. That altcoin can only be traded for BTC or ETH. Sell the 5 dollar worth of bnb fo btc. Then withdraw the whole btc balance to my nano ledger?
It wouldn't make sense to just
Withdraw Altcoin to nano ledger. Withdraw btc to nano ledger. Withdraw bnb to nano ledger. Since the withdraw fee to withdraw btc is higher than my btc balance?
Basically i have roughly 2000 dollars worth of altcoin and about 8 dollars worth of btc and 5 dollars worth of bnb.
I would like to withdraw everything to my hardware wallet nano ledger s. I only keep btc and bch in my nano ledger s.
My options seem to be
Sell that 8 dollar worth of btc for usdt/usdc? Then sell the 5 dollar bnb for usdt/usdc? Then withdraw either the usdt/usdc and the altcoin to my nano ledger?
Sell that 5 dollar worth of bnb for btc. Sell that 13 dollar worth of btc for that same altcoin I have. Then withdraw that altcoin whole balance to my nano ledger?
Sell the altcoin for btc. That altcoin can only be traded for BTC or ETH. Sell the 5 dollar worth of bnb fo btc. Then withdraw the whole btc balance to my nano ledger?
It wouldn't make sense to just
Withdraw Altcoin to nano ledger. Withdraw btc to nano ledger. Withdraw bnb to nano ledger. Since the withdraw fee to withdraw btc is higher than my btc balance?
Jump to: