Re: btc alternatives to use when withdrawing from the exchange
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?
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 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.
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 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.
First it's very rare that bitcoin or crypto will crash before you are able to withdraw your money out of the exchange. I have been withdrawing money using P2P and the prices don't change much.
Secondly, if you need to test the withdraw first, you need to withdraw the minimum amount set by exchanges. Every exchange has a different value and it is usually greater than a dollar
