Keeping your Bitcoin in an exchange is really an unwise thing to do because if anything happens to that exchange in question, like hacking or internal theft, or like in the case of FTX, just know that you asset is gone, that's why it's advice to store your Bitcoin in a self custodian wallet like electrum where only you have access to, and one funny thing is that, most investors have heard of this statement before which is not your key, Not your coin, but they really don't understand what that statement mean, but in essence of all am trying to say is that keeping our Bitcoin in an exchange is a terrible mistake we should avoid by all means because once that exchange goes down, at that moment, your asset are gone.
So if Bitcoin.com97 was saying that every week he was going to be buying $10 worth of bitcoin, then how frequently are you suggesting that he withdraws his bitcoin from the exchange? Every week? month? quarter? twice a year? yearly? or something else?
If Bitcoin.com97 sticks to $10 per week, then monthly withdrawals would be $40 to $50 each time. Quarterly would be around $130. Twice a year would be $260. Yearly would be $520. What levels of withdrawal are you recommending
Futurexxx?
In my own opinion, it should be done at the earliest opportunity, but the major problem here is the amount involved, because $10 is too small to be doing that weekly because the fees alone will be reducing the fraction of the Satoshi bought.
So on that note, due to the amount involved, I think that the logical thing to do is to do it in his second acquisition, which is $20, wish might cost him only $0.50 in fees.
Well. yes you have to deal with the facts in front of you and not just imagine some other set of facts... so yeah, the facts are that Bitcoin.com97 said that he was buying $10 per week.
Another thing is that we are not just dealing with the fees to move the transaction from the exchange to the private wallet, we are dealing with how UTXOs are managed, which from your post, I doubt that you actually understand the issue of both current UTXO management and/or future potential issues with UTXO management. Sure, maybe there is not any big problem to have some small UTXOs, yet I doubt that guys are even engaging in coin control, so they have no clue about how to send only from one UTXO, so frequently their wallets will combine UTXOs under the wallet's ways of managing UTXOs, which also will likely vary from wallet to wallet... and there are batching possibilities with wallets too.
You are a bit pie in the sky if you think that exchanges are ONLY charging $.50 to send a transaction, but sure it could be the case that there are some exchanges that have such low fees, but many have higher fees than that..
Of course, if guys do not want to wait until $500 per UTXO to send to private wallets, then they could send some smaller amount, and even sending $20 per UTXO has a lot of likelihood to create future problems, and when sending from an exchange, I see no reason to send UTXOs of less than $100 each and even that might be a bit small which is part of the reason to consider $500 as a kind of threshold amount, even though yeah it could be a bit problematic if a guy saves $10- per week for a year before he finally puts his UTXOs in a private wallet, yet I don't really see any major problem with that.. but each guy has to figure out these kinds of thresholds and the actual rather than imagined trade offs.