I have seen several videos that recommend not to use a stablecoin when withdrawing from exchanges because of the commissions. In one video it was recommended to use litecoin and in the other video they recommended algorand.... Do you think these 2 coins are the best options to use when withdrawing?
Those coins are also good option when withdrawing your money from the exchange sites. The fees are quite small for litecoin but i will prefer to use the stable token rather than it. It's caused by the volatility may sometime affect total amounts that you have withdrawn it from the platform.
Is it good to take the risk? I once withdrew using litecoin and the transfer from an exchange took 30 minutes...in that time you can't put a stop loss so if there is a market crash I would lose a lot of money....
I prefer to use BUSD instead of litecoin. It takes only less than 2 minutes to be delivered which is very fast.
I also tried to withdraw less than $10 on bybit and binance and the exchanges would not allow me to withdraw...I think I saw a video a while back where they recommended withdrawing $1 first to test (to make sure I choose the right network etc). The other day I tried to withdraw 4 dollars with bybit and binance and I got the message: the withdrawal is less than the minimum allowed.
There would be minimum amounts to be withdraw but you can try to use FTX for that. FTX didn't prevent its users to withdraw low amounts of money