Looking to trade the usdt market | Bitcointalksearch.org

Danslip

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Quote from: isaac_clarke22 on April 08, 2020, 12:16:24 PM

I don't really advise you to tread too far in exchanges as some of those might end up listing shitcoins as well as faked trading volume.
What exchange are you trying to point that charges 10 USDT in withdrawal by the way? I still haven't heard exchanges having that rate so far.
If there's anything I can recommend to you, it would be just Binance, OP.

Because you only have heard about the big brands and the OP talks about the small exchanges. Shitcoins and fake trading data is the primary part of small exchanges, using these tools will bring more investors or traders to the platform due the lack of the alternative options.

isaac_clarke22

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I don't really advise you to tread too far in exchanges as some of those might end up listing shitcoins as well as faked trading volume.
What exchange are you trying to point that charges 10 USDT in withdrawal by the way? I still haven't heard exchanges having that rate so far.
If there's anything I can recommend to you, it would be just Binance, OP.

aemma

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Quote from: rsarkar on April 07, 2020, 06:34:37 AM

Hi community members,
I have been an active trader of the bitcoin markets for couple of years. Now I want to enter the usdt markets. So basically I'm used to 0.00002-.00003 max withdrawal fee from most exchanges but i see usdt exchanges charge somewhat around 10usdt for withdrawal which Imo is very high to someone who is used to the buy sell Btc on low fee exchanges without many kyc verifications. Could someone point me to such low fee exchanges dealing in usdt?

That exchange is not friendly to be frank, 10usdt for withdrawal charges is too much and will only drive users away. And just like everyone keeps suggesting, visit Binance for it, the withdrawal fee is not upto 1usdt that is, less than 1usdt which is really a fair deal. Lastly, when met in a crossroad or faced with a situation like this one, selling to other coins with lower withdrawal fee is a good idea.

akhjob

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Quote from: rsarkar on April 08, 2020, 07:59:36 AM

Quote from: akhjob on April 07, 2020, 09:14:37 AM

Which exchange are you talking about? I remember you from the Indian Board so are you talking about WazirX and some other Indian exchanges which charged around 10 USDT until March 30th? If so the withdrawal of USDT has been reduced to 0-1.5 USDT as per this article
So if you are planning to trade, Binance is better to trade when compared to Indian Exchanges. Since WazirX has been directly integrated with Binance, you can move your USDT directly to Binance with 0 fees.

This post provides substantial information about the exchanges charging 10usdt fee for withdrawals. The funny part is that they have only reduced the usdt fee after community notice keeping the fees for other stablecoins same as before.

Haven't traded in WazirX recently, so I don't know if your claim is true and they are still charging 10 USDT as fee. But if you are looking to trade at BTC markets, as I have suggested above, buy Bitcoins or USDT or whatever from WazirX link it with your Binance account. You can transfer your between these exchanges with zero fees. Binance has a reasonable withdrawal fees when compared to other Crypto exchanges

bgaf

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Like everybody suggestion. Why force to withdraw on USDT if this gonna cost you a lot. $10 is a huge money, for me and I will find a way to have a very minimum fee for my trading cause this isnt worth it especially if your gonna withdraw only few bucks on your bank account or any remittance. If I were you, I will use coins such as xlm, doge or xrp for withdrawal cause these are the ones that have a very small fees. Bitcoin and ethereum are both convenienr but as time pass by their fees going up especially on most centralized exchanges.

rsarkar

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Quote from: sujonali1819 on April 07, 2020, 09:36:13 AM

I have searched on the internet and find information about withdrawal fees in one place. Just visit https://www.cryptofeesaver.com/exchanges/fees and here you will find some exchanges withdrawal fee information. You can choose one of them. Good Luck

Thank you for posting but this is what I see in there; They have listed the withdrawal fees as %, I have never seen this in any exchanges also the information about withdrawal fees is wrong.

Quote from: akhjob on April 07, 2020, 09:14:37 AM

Which exchange are you talking about? I remember you from the Indian Board so are you talking about WazirX and some other Indian exchanges which charged around 10 USDT until March 30th? If so the withdrawal of USDT has been reduced to 0-1.5 USDT as per this article
So if you are planning to trade, Binance is better to trade when compared to Indian Exchanges. Since WazirX has been directly integrated with Binance, you can move your USDT directly to Binance with 0 fees.

This post provides substantial information about the exchanges charging 10usdt fee for withdrawals. The funny part is that they have only reduced the usdt fee after community notice keeping the fees for other stablecoins same as before.

Quote from: cytpoway121 on April 07, 2020, 07:36:20 AM

Its not bad if you want to trade the usdt market, but what market are you looking to trade it with?
Is it with btc pair or eth pair ? and are you sure about making profits from doing that in times like this ?

It is already mentioned that I trade in the bitcoins markets.

irixo10

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Quote from: rsarkar on April 07, 2020, 06:34:37 AM

Hi community members,
I have been an active trader of the bitcoin markets for couple of years. Now I want to enter the usdt markets. So basically I'm used to 0.00002-.00003 max withdrawal fee from most exchanges but i see usdt exchanges charge somewhat around 10usdt for withdrawal which Imo is very high to someone who is used to the buy sell Btc on low fee exchanges without many kyc verifications. Could someone point me to such low fee exchanges dealing in usdt?

This varies with exchanges but really such amount for withdrawal is too much and I wouldn't try it. If your funds are on the exchange already, I think the best thing to do is to sell to other altcoins like XRP etc and withdraw in order to minimize the fee. Now for an exchange with low withdrawal fee for USDT, Binance seems good as the withdrawal fee is currently less than 1usdt which is far better than that exchange.

Little Mouse

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$10 withdrawal fee on which exchange? Even Bitcoin never had that high withdrawal fee in the peak. Can you share which exchange you are talking? Different exchanges have different fees but why $10 is very high. Try other exchange.

flagpara

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Quote from: rsarkar on April 07, 2020, 06:34:37 AM

Hi community members,
I have been an active trader of the bitcoin markets for couple of years. Now I want to enter the usdt markets. So basically I'm used to 0.00002-.00003 max withdrawal fee from most exchanges but i see usdt exchanges charge somewhat around 10usdt for withdrawal which Imo is very high to someone who is used to the buy sell Btc on low fee exchanges without many kyc verifications. Could someone point me to such low fee exchanges dealing in usdt?

Top exchange always has high withdraw fee but low volume exchange has low withdraw fee. For low money KYC doesn't need to withdraw your money. You can use some wallet to swap your money to USDT or others stablecoin. Trader don't invest huge in one coin, so can withdraw your money from any exchange but 0.00002-.00003 money is very transaction.

kingzpro

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Thousands of people daily trade usdt and if you are complaining of high withdrawal fee that your exchange charges then you should look around there are dozens of exchanges and you will find one with low fee, i am trading at binance only nowadays and their fee is always reasonable to withdraw.

Danslip

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If the theme is about the perpetual contract BTC trading pairs, I suggest looking to Buybit. If you trade normally for daily swings, better to use the above listed well-known crypto exchanges. Never withdraw the USDT directly, the cost is high. Convert to another altcoins and swap after withdrawal.

betty11

copper member

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Why should you withdraw with USDT as high as 10USDT when you can conviniently make withdrawals in XLM, BCH, and other cheap coins even doge coin. What you should do is that when you need USDT, you can withdraw cheap coin to Binance and covert to USDT, you don't need KYC for 2BTC/day.

nutriagrigia

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Now many exchanges have lowered their withdrawal fees. Binance now charges 0.005 BTC for withdrawal. if we think about how much it will costs in usdt than it will constantly changing. but I don’t know a single exchange that would not take fees for withdrawing money

shaheer001

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If you want to trade the UST due to fee then use XRP, Doge, Neo, TRX as these are very low fee during withdrawal.send to other exchange there again exchange with your wanted coin/token.

Kupid002

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Quote from: LbtalkL on April 07, 2020, 06:43:36 AM

How about withdraw it using other currency and send it to other exchange and trade it back to usdt in that process for sure you the withdrawal fee will not exceed $1. I have been using XRP, TRX, DOGE across different exchanges to minimize the fee. But if you are withdrawing to your wallet not an exchange you need to deal with the fees.

He is looking for stable coin to widraw and alternative crypto currency will not be the right things for him . Since he is more affraid in price volatility and other altcoin is also affected .
he is looking for exchange with low transaction fees for stable coins not low widrawal fees in a coins.

I am searching for exchange comparison for USDT but i never found any article can help you with this im sorry.

litepool.ru

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I haven't seen any exchange like you described, I only use Binance exchange and its USDT withdrawal fee is only $ 1 and even lower than that. I recommend using top exchanges in this market because its withdrawal fee is much cheaper and much safer than small exchanges.

nreal

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The cost of $ 10 for a single withdrawal is too high, you can use Binance exchange, if you withdraw USDT through the ETH network, the cost is less than $ 1 and the TRX network is even cheaper.

thiscomm

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in my opinion you can visit every exchanger, even though the exchanger has a bad transaction history and has experienced hacking. most importantly they have a cheap fee for each exchange. one example is probit and yobit, you can visit it to see if the exchange fees there are cheaper than large exchangers. but I remind you not to store assets too long there, as soon as you send the results of the exchange to your wallet address.

enhu

legendary

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USDT is what he wants to withdraw. There are many reasons why someone would wants to withdraw USDT but whatever that is there is always withdrawal.

Quote from: khiholangkang on April 07, 2020, 09:19:46 AM

Quote from: rsarkar on April 07, 2020, 06:34:37 AM

Hi community members,
I have been an active trader of the bitcoin markets for couple of years. Now I want to enter the usdt markets. So basically I'm used to 0.00002-.00003 max withdrawal fee from most exchanges but i see usdt exchanges charge somewhat around 10usdt for withdrawal which Imo is very high to someone who is used to the buy sell Btc on low fee exchanges without many kyc verifications. Could someone point me to such low fee exchanges dealing in usdt?

Fee for trading or fees for withdrawals do you mean?
If you are looking for a cheap withdrawal fee for USDT I recommend Binance because the fee is only 0.35 USDT for each withdrawal, and the trading fees are also quite cheap there

0.35 USDT for a withdrawal thats sweet. That just mean OP is in the wrong exchange. Never tried withdrawing USDT myself, I kept it on exchange coz I got so much trust to them but I eventually buy it for BTC whenever I wanna withdraw becuase its the only way I can cash out.

Kaliecious

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I suggest you to exchange your USDT to altcoin with low withdrawal fees such as XLM XRP or others so that the profit will be even greater.
but usually exchange only costs $ 1-5 per withdrawal. at binance the withdrawal fee of USDT Tron is free and ETH is only $ 3

Topic: Looking to trade the usdt market (Read 176 times)