You can safe this 16$ withdrawal fee with 0.5-1$ by withdrawing through Binance smart chain or if you are withdrawing USDT, then use trx address which will cost you only half a dollar. Keeping the funds out of exchange will make your funds completely safe and you are not in the hands of binance to keep the funds SAFU.
The problem is... many of us have yet to see another exchange or website actually accepting Binance Smart Chain.
Imagine USDT TRX not being mainstream, let alone Binance.