Essentially I didn’t panic at first and left all my coin alone after the first couple days, but as things continued down the downward spiral, I decided to try to minimize my losses. I also, wanted to try to avoid paying taxes on my gains by withdrawing to my bank.
I thought converting all my varying coin to USD Coin would be the same as just putting my crypto in a holding pattern during the plunge, which it did.
But come to find I paid about $90 in transfer fees to Coinbase. I’m not too upset about it because I would have lost thousands more if I hadn’t moved my coin to USD Coin, but is there a less expensive way to do what I did?
Hodl will help you to exit with less loses but you already did cut loss so it is only my advice for future cut-loss of yours.
USD coin is on ERC20 chain and no surprise that you have to pay excessive transaction fees.
USD coin on ERC20 chain. I don't know that CoinBase support other chains for this USD coin, have you checked it?
On coinmarketcap, I see USD coin is available on few other chains: Binance Smart Chain, Solana, Algorand, Xdai chain, Fantom, and Polygon.