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Withdraw from Binance with low fees

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Cryptocoins Exchanges / Binance 265 Views

I'm trying to withdraw $200 worth of BTC from Binance to my Metamask wallet.

The fees is coming out to be ~$20 which is 10% of the total!

I read on another thread that a good way to do it would be to sell BTC on Binance and buy an altcoin with those funds (someone suggested XLM; is there a better option?)

Now, say I sold all BTC and immediately bought XLM. Then, I have a few questions about the rest of the process:

  1. Can I withdraw XLM (<~$1 fees) to Metamask?
  2. How do I convert this XLM back into BTC? Which exchange should I go to to do this? Is there a DEX that will allow it?
  3. Once I've converted XLM to BTC, I'll want to have BTC in my metamask wallet. Will that automatically be the case if I sell on a DEX? If not, which will be the best place to do it?

I know thats a lot of questions but hoping someone here has already gone through this process and can advise

thank you!

submitted by /u/Dangerous_Ad1567
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