How to avoid high fees when withdrawing USDT from Binance, Kucoin etc. exchanges?

What about if I buy USDC from coinbase pro, what’s that exchange fee like? Is it better than regular coinbase, if you know off the top of your head?

Or does it make more sense to buy usdc from coinbase then send to pro then withdraw to incognito like you mentioned? It’s mainly the sending fee from coinbase to incognito that hits me so hard, buying USDC on regular coinbase is not bad, but sending is god awful.

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In coinbase pro, I think they do it for free, but only if you do it this way. If you go to your portfolio, there is a button to convert USD to USDC. If you use that button, I don’t think there is a cost, however I have never personally tried with the button. (Can confirm, converting your USD to USDC this way is free).

I bought some ETH on coinbase because it was a small amount and I didn’t want to wait. To transfer the funds to my personal wallet it would’ve cost me over 1$. Instead, I just deposited the ETH on the coinbase pro site from my coinbase account (No fee). Once the transaction went through, I was able to withdraw to my wallet address for free. Thank you coinbase :ok_hand:

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So I did a test, didn’t even have to add my bank on Pro.
I bought $10 worth of usdc on regular coinbase. Fee was $0.99. Then I went to coinbase pro and went to usdc and hit deposit. It gave me the option to use a bank or transfer from regular coinbase, there was no fee and it took 3 seconds.
Then I withdrew and sent it to incognito for free, instead of over $3 which is what regular coinbase costs.
Now when I want to withdraw my usdc from incognito all I have to do is send it to regular coinbase for a micro cent, basically free, from there I can send it to paypal for free then paypal to my bank account for free.
So, I only paid basically $1 in fees doing it that way :sunglasses:

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If you want to eliminate the 1$ fee, you would deposit USD into coinbase pro from your bank account and wait 5 business days. This is a free deposit. Then use the method I mentioned above, and use the button to convert the USD into USDC for free. Then withdraw.

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They increased the withdrawal fee but it’s not important anymore. I think this issue will disappear soon. I expected success but not so much quicker. Look at CZ’s tweet. The volume of Binance Smart Chain is around %10 of Ethereum network. DeFi projects (will) migrate to Binance Smart Chain (cross chain like Incognito) which allows major coins (LTC, BCH, XTZ etc.) to be farmed. This means fresh money for DeFi. Ethereum miners will regret keeping gas fees insanely high. The fees already decrease.

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I am already know this and Kucoin is best exchange website but Gate.io need KYC for any withdraw so i don’t like this :pensive:

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Gate.io need kyc for withdraw you are sure, I don’t use yet. Hmm Kucoin provide good service.

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Yes Brother There need KYC verification for withdraw, this is the problem only Gate.io i can recommended you some good exchange in low fee withdraw if you need ask me then. :heart:

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Hi there, just tried it yesterday, I withdraw usdt by trc20 and it’s zero fee, that’s awesome. Do you know any website or wallet that we can exchange to fiat or withdraw money to bank with zero fee?

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For this, you should specify your country. Otherwise, nobody can give an exact response. In my country (Turkey), there are some exchanges that allow zero-fee withdrawal but I do not know the other countries.

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Thanks Abduraman, yeah i think it’s more complicated for ASEAN Countries, anw I will research more :disappointed:

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Kraken exchange or binance also now!
you can withdrawal to bank account

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Yes, but not free. @Gleek you can try Constant

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Yes for free almost Look on Kraken for Eur based countries
Withdrawals FEE with SEPA

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Thanks @Kristo & @Katoshicoins, I will take a look on Constants cause Kraken not support for Asean countries

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I can withdraw to my bank account or paypal for free with coinbase.

The fees to withdraw from coinbase to incognito have dropped and are really reasonable.

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Thanks for your suggestions, PayPal is not free withdrawing for Asian countries, and cannot register an account on Coinbase too

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Your tips is really helpful for me, yesterday i was successful when try to withdraw 300 USDT

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Hey everyone,

Since the exchange owners are smart people :joy:, this does not work anymore as we expect. Here is my new solution: “Stake 25 FTT in-exchange and use FTX exchange”

FTX provides in-exchange FTT stakers with some really good benefits. One of them is this. When you stake 25 FTT, you have a free withdrawal right for ETH/ERC20 tokens per day. So you will transfer Tron USDT from your exchange to FTX and then shield your ERC20 USDT assets to Incognito. That’s all.

If you love my solution, please register from my FTX link (you will also receive %5 fee discount for all trades) : https://ftx.com/#a=20188644

P.S.: Since I consider that ETH 2.0 is far away and I will need free ETH/ERC20 withdrawals, I’ve staked 150 FTT which provides 3 free ETH/ERC20 withdrawal rights per day.

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Hi bro, I am new at the gate.io and the fee kills me the first one if you can write step to step exchange to withdraw to other exchange like coinbase or binance with low fee .
I very much appreciate it.

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