Just tried to withdraw $5 from a crypto exchange today… and here’s what I saw:
Minimum withdrawal: 1 USDT
Withdrawal fee: 1 USDT
So essentially, if I try to send 1 USDT, I receive nothing.huh!!🥴
Even worse, on ERC-20, the minimum withdrawal is 1 USDT, but the fee is 6 USDT.
Seriously—what’s the point of allowing a 1 USDT withdrawal when the network fee is 6x that?
This highlights a major issue in the crypto ecosystem: user experience and fee transparency.
For small holders like me and casual users, these fees are a barrier—not just to adoption, but to trust