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.
I wonder if you really need this, I know that people want to save money and that is understandable, however if you withdraw your money using a coin that you never really use then what is the point?
So the first thing that you need to think about is if you actually need to convert your money to a coin with a cheap fee, because unless your capital is very small and you are planning to deposit and to withdraw your coins over again I do not really see the point of converting your capital to one of those coins just because of the commissions, you could even save yourself all of that trouble if you were willing to keep your coins at the exchange for as long as possible and only make a withdrawal once you are ready to hold your coins for the long term.