Bitcoin Forum

hi i wanted to withdraw crypto from bitget...is it possible to withdraw usdt or another cryptocurrency to another exchange for less than 10 dollars? i tried that with BEP20 network but i get a message that iwithdrawal minimum is 10 dollars?

I just wanted to transfer 3 or 4 dollars to another exchange to test it first....

It should be possible with USDT (Arbitrum One)[1]. The minimum is 4 USDT, for a fee of 0.1 USDT. Or you can also try with ADA (minimum is 4 which is about a dollar, for a 0.8 ADA fee). I'm sure you can find other cryptos. What is it exactly you want to test though?

[1]  https://www.bitget.com/fee/withdrawal

You can withdraw to private wallet or even exchange wallet and that does not affect the fees. The withdrawal fees varies and depends on the cryptocurrency you are withdrawing. I have attached here (https://www.bitget.com/fee/withdrawal) the link to the breakdown of Bitget withdrawal fees for various crypto assets. I hope this helps.

I always use LTC or XRP to transfer between exchanges

On Bitget,  xrp withdrawal os 0.1Xrp (less than 1 usd) and ltc is 0.001  ltc (about 1 usd)

They are both widely accepted among exchanges

I am not too familiar to Bitget exchange, but most exchanges do allow transactions of usdt especially KuCoin and Binance.

You can use XRP since it is widely accepted by all exchanges or use TRX which is very cheap, they charge around 1 to 1.5 TRX per transaction depending on the exchange you are sending to.

these pairs have average low withdrawal prices:

• (XRP) ripple: It has an average withdrawal rate of $0.37
• Cardano (ADA): It has an average withdrawal rate of $0.82.
• Stellar (XLM): It has an average withdrawal rate of $0.18.

These three currencies are good and you can use them, but it is difficult to find a good withdrawal price for a pair of cryptocurrencies. Just make sure that these currencies are available on the new platform you want to deposit to.

As the members mentioned above there are a lot of altcoins that have a minimum withdrawal amount of less than $10 and have small fees such as TRX, XRP, LTC.

But I would like to draw your attention, if you have not completed KYC, you should read this topic:
https://bitcointalk.org/index.php?topic=5464009.0

According to the announcement, Bitget will enforce the KYC as of September 1st, so if you do not intend to complete the KYC, it is better to withdraw all your coins from Bitget.

By the way, you want to transfer your crypto from bitget to which exchange? I guess you are moving funds from bitget because they have made KYC mandatory::)

If you first want to test the withdrawals and the minimum withdrawal shown to you is 10 dollars, then why not test with 10 dollars? 10 dollars is not a big amount in case you have a lot of dollars (in any cryptocurrencies).

I don't think he'd even be able to withdraw if he didn't complete KYC yet. According to this article[1] the deadline is the 30th of September for existing clients and the 1st of September for new ones so that's probably not what he's trying to test.

[1] https://www.bitget.com/blog/articles/bitget-to-introduce-mandatory-kyc-requirements

The announcement date is August 22, 2023 and the last day for withdrawal is September 30. The period is very simple and will not allow everyone to withdraw. What is happening is closer to optional fraud than to being real restrictions because most platforms give 3 to 6 months as a grace period before withdrawal restrictions are mandatory.
I have experience with OKX and by communicating with the support team they allowed me to withdraw without ID verification.

I'm guess he should withdraw to a hardware wallet if he's a CEX lover because all CEX sooner will implement the compulsory KYC in view of the Regulatory demands from different jurisdictions otherwise get kicked out. Which is better?

Well, CEXes were never meant to store your bitcoin but for trading. Whether you decide to use a KYC exchange or not, you should always withdraw your funds to your non-custodial wallet, be that a hardware wallet or a hot wallet.

You're right! Then, he should be advised to keep or move funds to off Exchange wallet as a safe practice to adopt and not because of the exchange implementing KYC in compliance to Regulatory requirements. I think I understand that now, if that's the take in this.

Well, some of the captions I see in BTT, I am not always please although. I mean, the caption or the title of a thread should be able to give upto 30% information of what the thread is all about. But somes posts title do not actually tally with the body  of the post. Such as the one we have here.

I have been reading some negative comments in the media about bitget. So, ok seeing the title, I perceived that OP was advising people to withdraw their funds from bitget to avoid loss of such funds. It was when I opened the thread and read the content that I realised that it was a totally different story.

Yes, most titles I find these days are very misinforming. Glad someone else noticed that. The sad ones are those that are supposed to be simply inquiry directed to the project or service provider's customer support, but are brought here.

  I personally would pay close attention to announcements on an exchange where my assets are and take actions in the first week. In this case, one month is more than enough for me to either withdraw my assets or even go through with the KYC lol. I certainly won't wait a whole 6 months to do that.