The cost of sending stablecoins to DeFi from a centralized exchange (CEX) can vary a lot based on the CEX you are using and the blockchain you want to send the coins to. I picked 5 of the most famous CEX, namely OKEX, Binance, Crypto.com, FTX and Kraken in order to have an overview of the withdrawal possibilities and fees. Since USDT is the number one stablecoin based on market capitalisation, we are going to check for this one only.
For the different blockchains, I selected 5 of the most used ones where USDT is available, namely Ethereum, Solana, BSC, Polygon and Tron. Let's have a look at the results.
| OKEX | BINANCE | CRYPTO.COM | FTX | KRAKEN | |
|---|---|---|---|---|---|
| Ethereum | 28$ | 35$ | 25$ | 10$ | 20$ |
| Solana | 0.8$ | 1$ | 1$ | 0$ | - |
| BSC | - | 1$ | - | 0$ | - |
| Polygon | 0.01$ | - | - | - | - |
| Tron | 0.8$ | 1$ | - | 0$ | 2.5$ |
USDT withdrawal fees and possibilities from 5 different CEX
For Ethereum, FTX appears to be the less expensive CEX (but they are stipulating that if the gas is high at the time of withdrawal, you may end up paying a bit more). OKEX is the only CEX offering the possibility to withdraw on the Polygon network. Overall, the FTX exchange appears to be the less expensive one for withdrawing on Solana, BSC and TRON. As a matter of fact, for the aformentionned blockchains, the fees are fully covered by the exchange.
Thanks for reading, I hope it helped.
About Myself
I am a geographer in my thirty something, based in France and I do publish mostly about DeFi and Urban planning. Sometimes, I also post about gamefi, travel and food. If you like my content, don't hesitate to follow me, comment and interact with me in my posts.
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