For those who know, how do you take money out of Binance quickly and for low fee? Have USDT which I want to transfer to my US Account (to USD). This is the process I used for a recent transfer which is still in process (Binance says it takes 1-4 business days for the transfer to bank account)
1) Sell USDT for BUSD
2) Transfer BUSD to Bank account (equivalent USD will get transferred). Binance did not provide option for US account so had to transfer to my Citi account in HK (in USD) and will then transfer back to my Citi US account. There were only EU and middle east as "bank options". Is there something I missed?
There was some fee charged by Binance and possibly some conversion rate (from USDT to USD, which changes every few seconds). Seems like you'd loose some money transferring out from Binance (which is the usual norm but the fluctuating rate between USDT/USD is a bit tricky at times).
Many thanks!