Bitcoin Forum

Hello bitcoiners

I wanted to exchange small amount of bitcoin and litecoin to usdt like 15-30$ worth of crypto at once. I dont want to store the USDT in the exchange after swapping, i want to withdraw it to my wallet.

I want to get only erc-20, i know that the fee for trc-20 and omni is less, but erc-20 is what i am concerned about.

I saw that in many reputed exchanges that the withdrawal fee itself ranges from 10-50 usdt which is not appropriate for the amounts i am thinking of exchanging.

Have any of you come across any exchange or swap platform where the fee is nominal or less like 2-5 USDT or such. If so do i need to complete kyc to use them.

Any info out of similar experience would be greatly helpful to me. Looking forward to suggestions.

Your best chance to sell it via P2P. Use the currency exchange on the forum marketplace and trade with trusted member. There's no exchange that will let you trade Bitcoin without charging tremendous fee on both DEX and CEX. IIRC, Paxful is offering a Bitcoin to USDT trade via P2P. They just change the rate per Bitcoin for there but it still acceptable base on your budget and compared exchange charges. P2P is your only choice to convert your small amount crypto.

I would like to let you know that currently ethereum network is filled with more transactions so average transaction fee for erc20 is about 30 to 33 dollars right now so you can't expect any exchange to have withdrawal fee below $25 and if you find any exchange is having lower than that then you are lucky to found that.

So you have no other options than paying more fee than actual amount you want to transfer or better choose TRC20 USDT which is about $2 for transction fee and even Binance still offers $1 as their withdrawal fee.

There's no exchanges or P2P will offer $2-5 fees for ETH transactions, even FTX (the lowest fee CEX) still charge $10.

If you're not in hurry, the best way is looking someone in this forum to trade with you, you can create new thread in this board Currency exchange (https://bitcointalk.org/index.php?board=53.0). Look their reputation, feedback, and history before sending a coins.

Using escrow is recommended but since it's small amounts, the fees will only took up your money...

FTX is a good exchange with cheap withdrawal fee and they give waive withdrawal fee for some types of transactions. They described it in  (http://)

If OP want to look around for withdrawal fees, please visit two websites
- https://withdrawalfees.com/: click on a cryptocurrency and see the table for withdrawal fee
- https://www.cryptowisser.com/exchanges/. It only gives a general taker, maker, withdrawal fee of exchanges.

I would seriously ask you to reconsider using the Tron network for USDT if you want to exchange BTC and LTC. I don't see a reason why you would pay $10, $20 or $30 in fees when you can pay $1. If you were to exchange such small amounts, there are a couple of other things you need to pay attention to.

- What is the minimum trading amount at the site you are using?
- What is the minimum withdrawal amount of the exchange?
- How much will you be required to pay in fees, and is it worth if? 

For such small amounts, you might even consider a quick crypto swap platform. I don't really like to recommend them since many have a bad reputation, but check out what you could get for those amounts you want to trade on Change Now or Changelly, for example. Compare that to what you would get when you use a traditional CEX where you have to pay mining fees for depositing, trading fees to make the exchange, and withdrawal fees to withdraw the coins to your private wallet. Compare the rates to see which of the two makes more sense to you.

You're simply not going to get fees on erc-20s THAT low. Don't really expect exchanges to be shouldering the fees for you, as the minimum blockchain fees are like $30 at minimum for a while now; and don't even get me started on how much smart contract transactions are now.

You either leave the funds on exchanges for now and wait for Ethereum fees to drop(lol) or wait til certain exchanges allow withdrawals through Ethereum L2s and sidechains(Polygon, Arbitrum, etc).

I have not used USDT omini layer before but the fee is not less is what I have known, the TRC20 fee is less and will be the best way to buy just $15-$30 worth if USDT if you do not want to pay much on fee.

Is it still the same thing? It's just that the other party will shoulder the high fee in eth which I don't think s/he will agree, not unless s/he's so generous, but who knows.

What's your reason why you dont want to use other usdt chain while it will benefit you the most.

To OP I can only suggest is to wait til eth fee will go down which I dont think it will happen too soon, OR just use other USDT blockchain like TRC or BSC.

I am pretty much sure erc20 based transaction will cost you more than the value of your assets. In my opinion you should wait a few days and then check. Another option would be to sit and constantly check the gas price as the price has been fluctuating a lot. Still I do not think you will be able to get a transaction fee of $2 or $3.

The best option was to convert your assets to TRX and then using the Trust wallet swap to BEP 20. I am not sure how much will be the fee but, it still would not be the amount you want.

TRC20 network is recommended. Even if there was an exchange that offered the same fees as onchain ERC20 token transactions, it would still cost you almost 80% of the amount you withdraw.  You'll be spending the same amount if you send it back to another address one day.
My recent experience was when moving ERC20 tokens from a personal wallet cost me $24 when gas was under 100 gwei (which I think was the best fee from the previous few days)

I'm afraid that with ERC-20, you have to bear the fees because it's quite expensive everywhere. I don't think businesses such as exchanges would adjust the fees just for you. It's either you make it worth it ^{(the transaction is larger than the fee and you won't regret paying the tx fee)} or just find other ways to purchase it or other use other networks such as the other members have mentioned ^{e.g. TRC20}

What's the point of holding USDT in ERC20 chain while paying high fees for it when you can hold it on TRC20 chain while paying very less fees for the same.
The current gas fees for ERC20 transactions are so high that you won't be able to receive anything in the wallet for your transaction.
So it's either better to make the transaction on TRC20 or SOL chain.

like you have already said, most exchanges are applying fees in the range of 10 to 50 dollars to transfer ether and it will remain like this not until gas fees drop tremendously and remain consistently low. I dont no which exchange you are using but if you don't mind, you could try exchange your coins for either harmony one, tron or ltc these are some of the coins I have found to have a reasonable transaction fee applied on them when withdrawing from an exchange.

This!
There's no way to find an exchange either it's centralized or decentralized that has a low fee below $10, they always matter on the ERC20 gas fee.  Even on my side, I have a lot of small amounts of coins in my wallet but I can't move it in to exchange because of the large gas fee.  So the best thing that you can do is a person-to-person swap or here in the forum we have a currency exchange here but I don't know if there's someone who is willing to waste fee transferring into other wallets.

Always check this etherscan.io/gastracker (https://etherscan.io/gastracker) for the gas fee reference.