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Converting ETH to USDT - CEX vs exchanger, what's actually cheaper at mid-size amounts

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Been trying to figure out the most cost-effective way to move ETH into USDT. Not talking huge amounts - around 0.4 ETH - but enough that fees actually matter.

CEX route is obvious but the math gets annoying. Trading fee on the swap plus withdrawal fee for USDT, and depending on the network you pick for withdrawal that can be another $1–5 on top. Fine for large amounts, starts feeling wasteful under a certain threshold.

Tried going through a crypto exchanger this time. Did some research - looked at operating history and reserve size, picked TRC20 on the output side to keep receiving fees low. Had a bad experience before with a newer service that stalled mid-swap so track record was the main filter.

Ended up about even with what a CEX would've cost me after all fees, maybe marginally better. The main upside was speed - no withdrawal queue, funds arrived in about 20 minutes.

Curious whether others have done this comparison properly. At what size does CEX actually become cheaper than the exchanger route?

submitted by /u/GoConceptoD1
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