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?
Tested Litecoin way back, can't remember how long it takes to withdraw though. Then XRP as well, fast as hell, I guess you have to try it. Used stable coins as well, doesn't bother for that small fees because they are quick as well.
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 guess it depends on the situation, if you know that the market is volatile that time, might be better to wait?
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.
You have to read the exchanges minimum withdrawal so that you won't be caught with this issues. I like the idea of testing them as well to see how is everything, specially if you are going to deposit in a thousands for your trading.