Looking to trade the usdt market - page 2.

khiholangkang

hero member

Activity: 2184

Merit: 599

Quote from: rsarkar on April 07, 2020, 05:34:37 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

akhjob

sr. member

Activity: 1050

Merit: 416

Buy Bitcoin

Quote from: rsarkar on April 07, 2020, 05:34:37 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?

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.

cytpoway121

member

Activity: 1540

Merit: 68

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 ?

LbtalkL

full member

Activity: 1176

Merit: 162

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.

rsarkar

jr. member

Activity: 102

Merit: 5

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?

Topic: Looking to trade the usdt market - page 2. (Read 207 times)