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+--- Thread: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) (/showthread.php?tid=6172519)
[Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - loadman - Sep 13, 2021
Hello, I will teach you how to withdraw BTC or virtually any crypto from any exchange with a low or even virtually nonexistent fee.
Some points to keep in mind before starting:
1) Most if not all exchanges charge a FLAT fee to withdraw crypto from their custody. This means some crypto is cheaper to withdraw and it might not be relevant to use this guide if you want to withdraw one of those cryptocurrencies with low withdrawal fee.
2) LTC, XMR and some other (cheap) cryptocurrency (doge and some other memecoins too) have extremely low withdrawal fee and this is what we will use to withdraw our funds if we want to withdraw for instance, BTC or ETH from the platform. You have to check if the crypto you want to withdraw has a high or low withdrawal fee in order to make this guide efficient.
3) Some stablecoins have high withdrawal fees due to the cost of withdrawals through the ERC20 (ETHEREUM) network. This means that this method, might not be useful for you IF you want to withdraw ERC20 tokens because the ERC20 network fee is often high and makes this method similar to simply withdrawing the token straight from the exchange.
Requirements:
I highly advise that if you will need to withdraw BTC, you use the lightning network for this as it will make the transaction fee to you, significantly cheaper or free depending on the amount.
For the example I will use a lightning network wallet called ''Muun'' which has only bitcoin compatibility (it's not a multi-coin wallet) but supports lightning network.
For the example I will use a value of 10$ worth of crypto, to receive 10$ worth of BTC on my Muun wallet (which would otherwise cost 15$ or 0.0005 BTC on binance)
We will use Fixed Float(https://fixedfloat.com/) which is an instant cryptocurrency exchange with no KYC and completely automated. Further on, called FF for ease.
We will go to binance, and convert whatever crypto we have which we want to withdraw, to Litecoin.
![[Image: 874748a67c540a0ffa0a112483d3bef3.png]](https://i.gyazo.com/874748a67c540a0ffa0a112483d3bef3.png)
This is the amount I will exchange from LTC to BTC. It's roughly 10.15$ after withdrawal fee of 0.001 LTC
I will go to FF and create an order for the amount of LTC I want to withdraw, minus 0.001 LTC (binance's withdrawal fee)
I will go to Muun, click on ''receive'' and select lightning network and copy the invoice.
Then I will go to FF and paste the amount of LTC I want to withdraw and I will deduct the 0.001 LTC from that amount.
select Litecoin, and BTC (lightning network) ONLY SELECT LIGHTNING NETWORK IF YOU WILL USE LIGHTNING NETWORK. Otherwise, select normal BTC and paste a normal BTC address.
I will paste my Lightning network invoice on the ''receiving address'' slot on FF.
I will click on the ''exchange now'' button on FF.
![[Image: 5f40ca02979dfa7b4dd2e4c00a195eb6.png]](https://i.gyazo.com/5f40ca02979dfa7b4dd2e4c00a195eb6.png)
at the same time, I will process the withdrawal from binance:
![[Image: 57e84145bfc50bfee25376ea7364dc26.png]](https://i.gyazo.com/57e84145bfc50bfee25376ea7364dc26.png)
REMEMBER TO ADD THE 0.001 LTC which is Binance's fee to the total amount you will withdraw.Once withdrawn from binance, the FF screen will change from THIS
![[Image: ad31fdc5a23d3818416af3461d7980dc.png]](https://i.gyazo.com/ad31fdc5a23d3818416af3461d7980dc.png)
to either a success screen (if the confirmations are received) or a screen that shows the number of confirmations that are missing until the exchange is completed (for litecoin, 2 confirmations) This is the amount received in the end:
![[Image: 64d79c783f50a77e8779fa03d105a00d.png]](https://i.gyazo.com/64d79c783f50a77e8779fa03d105a00d.png)
This means I withdrew BITCOIN from binance, effectively, for 25 cents. Which is way cheaper than 15$ (fixed rate on binance).
Feel free to use this to withdraw funds from any exchange (but do your due dilligence before adding any address to the receiver slot)
credits:lucas thank u for teaching me this <3
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - flavoral - Sep 13, 2021
Nice share loadman . You mentioned this earlier in convo today too.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - SIM-3749878 - Sep 13, 2021
Great post! Bookmarking this and will try it out tomorrow.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - eXceptional - Oct 2, 2021
This guide will definitely help me someday. Thank you for sharing your knowledge.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - eagleeye007 - Oct 2, 2021
Awesome guide. This will surely be useful, Thanks OP!
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - NoHacksJustGlobal - Oct 2, 2021
Does anyone know which country has withdarawal limit of 2 BTC in Binance? Or is every country required KYC now?
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - loadman - Oct 2, 2021
(Oct 2, 2021 01:19 PM)NoHacksJustGlobal Wrote: Does anyone know which country has withdarawal limit of 2 BTC in Binance? Or is every country required KYC now?
what is your issue maybe i can help you out
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - UNKNOWNI - Oct 2, 2021
Fixedfloat is really a good service.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - funtela - Oct 2, 2021
This is awesome. Would it work to withdraw LINK & ETH from Crypto.com app?
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - Ninja™ - Oct 16, 2021
Good recommendation. But just wanna point out that FF can freeze your funds if they deem your tx risky and you would need to perform KYC to get them released. No you cant ask for refund.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - UNKNOWNI - Oct 16, 2021
(Oct 16, 2021 09:56 AM)Ninja™ Wrote: Good recommendation. But just wanna point out that FF can freeze your funds if they deem your tx risky and you would need to perform KYC to get them released. No you cant ask for refund.
Did it happened to you? I use them every day for quick withdrawals from binance.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - loadman - Oct 16, 2021
(Oct 16, 2021 11:30 AM)UNKNOWNI Wrote: Did it happened to you? I use them every day for quick withdrawals from binance.
didnt happen to me yet? works fine everytime
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - xVulnerable - Oct 21, 2021
Nice…I didn’t know about this method. However this won’t work for high amounts since there is a 0.1% binance fee & 0.5% FF fee.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - Effexion - Oct 22, 2021
Mate, I can't thank you enough. I had $40 locked in KuKoin that I couldn't withdraw. +3 and quickloved.
RE: [Guide] Withdraw BTC or ETH from exchanges(binance with 1% fees) - xVulnerable - Oct 22, 2021
To clarify, this can be done with another wallet lik electrum instead of Muun? Do we put the receiving btc address instead of the lightning invoice?