Bitcoin Forum

Binance minimum trading requirement is $10, I have $5 Worth of LTC & $5 Worth of USDT. What can I do to, sell or what to get $10? I don't wanna do margin trading because I'm a newbie.

I tried converting my LTC to USDT but the minimum requirement is 0.06 and mine is only 0.02

in binance you can convert all your small amount of crypto to bnb
then you can trade/exchange that bnb to another coin

If you still can't withdraw it, then I guess you have to deposit some coins and then withdraw them all using the coin/network with the lowest fee. Or wait for a few years and hope your LTC value increases.

There's no other choice, exchange won't process those small transactions since they need to make profits when you withdraw.

Just leave them there temporarily until the next time you need to deposit(and withdraw) your coins from Binance, because you pretty much have no other choice anyway. Also taking into consideration that Binance withdrawal fees can be quite high(depending on the coin), and can easily eat through your $10.

You need to make another small deposit to be able to withdraw. The best option is make a deposit with USDT on TRC-20. After a successful deposit, you will get $5 LTC and more than $5 USDT (assume you have $10 or $20 in USDT). Convert them all to BNB to be able to set a sell order from BNB to USDT.

Withdraw your total USDT in TRC-20.

Deposit, that's it. If you wanna try out trading anw, $10 is too small of an amount to start with. If you have no way to deposit and still want to try trading, check out some virtual trading sites out there and test your skills via that. Going back on topic, if you are only planning to just get those out, I'd suggest probably not since binance fees eat up quite a bit, it'd probably be close to not being worth it to even try and get your current funds out.

Trying to convert your LTC to USDT can be the solution, but you need to find a good time to sell your LTC. Just wait for a while until you see LTC price increase high more than $202-$205, so you can sell LTC to make a profit. After that, you can try to wait until the price is down to buy LTC again and rinse and repeat the process. By doing that, you can have the opportunity to increase your funds. I think that is the way for you and other people to trade and make a profit.

You don't have any option but to have some deposit, at $5 could help you out. Or else, just leave that $10 in there.

yeah, I hate that minimum but we can't bypass that rule. And as a trader, we don't have anything to do but to follow it or, we find other exchangers that never ask anything like that. Maybe that cool but Binance is the best that is why we have to find a way to solve the issues.

Can you convert the rest of the $5 to LTC so that you can sell all of them altogether? But I wouldn't recommend that because you might run the risk of LTC price dropping before you can sell then have about $9.90 worth of LTC which you can't trade... another option is you can deposit more just so you can buy more LTC then sell them. Or you can convert all of them into BNB as mentioned by the others. It can be selected once you view your wallet. Other than that, I guess you can only leave it there for now.

^This, if you convert all your assets(LTC and USDT in your case) to BNB on the balance page, then you will be able to trade it on BNB/USDT pair which has minimum 10 USDT limit to be able to trade.

As far as I know you don't have any other option unless you deposit more assets there and no matter on which pair you're trying to trade on, you will get an error saying you don't meet the minimum requirement on assets to be able to trade on that pair.

I suggest that you should wait at least it grew, and are you sure that you won't regret it after using the 10usdt on other altcoins than the LTC? Think about it first because one of the mistakes of a novice in trading is transferring their usdts in different altcoin after correction occurs, it'll be a waste of money because you won't notice that fees are already eating your small amount since you have small capital. But if you have no choice and really want to put investments on another atc, then go deposit right now and take your decisions wisely. goodluck!

There is no workaround this restriction. You will need to either buy more LTC and then sell or add more USDT before you open any trades.

That's a good call, your margin trading on such a small amount isn't worth it. Plus you will need to understand the fundamentals of Margin trading before you attempt it.

This is probably the best option for you OP, otherwise there is no other option to convert LTC or USDT of less than $10 to another coin

What coin do you plan to withdraw if I may ask?

You could also just sell off the BNB or any other supported coin on Binance P2p for fiat such as BTC, ETH, USDT, BUSD, DAI.

Deposit more until you reached minimum withdrawal then withdraw it all. IIRC we can't convert small amount $10 to binance coin since it's still too big for binance, amount accepted is below $0.1 IIRC

OP this is the solution and if I am not wrong they call it as dust conversion. Personally I don't think I used that feature but seen them in the mobile app I guess.

Yes, there is a option to convert all the small balance to bnb. After that, a user can trade in bnb pair for his/her desire crypto currency. I personally used it several times, it really works. Op can hold also small amount until next deposit.

there's minimum on that also. It was 100trx or so . 2 bucks that time

There are so many coins that have withdrawal limits way below $10 such as EOS, ADA, XRP, and even TRX (2 TRX) on their main nets and even lower of BEP2 and BEP20
Check this for more details - https://www.binance.com/en/fee/depositFee

Since you are Newbie and have that small amount in Binance , And since that is one of the safest exchange in the crypto community then Why not just let Sit those coins in your wallet and forgot about for years.
While learning and learning because sooner you will surely add more on that holding.
Remember that in USDT you are safe from volatility while LTC is promising coin to improve more over the years.
So Keep Holding and forget about selling or withdrawing .