I'm quite new to the world of cryptocurrency and am considering using Binance for my transactions. One question I have is about the withdrawal fees. Could you please explain to me how much does Binance charge for withdrawing funds? I understand that different cryptocurrencies may have different withdrawal fees, so if you could provide a general overview or even some specific examples, that would be greatly appreciated. Also, are there any other hidden costs or fees I should be aware of? Thank you for your time and assistance.
5
answers
Margherita
Thu May 09 2024
Binance has raised its bitcoin withdrawal fees.
Elena
Thu May 09 2024
Additionally, it's worth noting that BTCC, a UK-based cryptocurrency exchange, offers a range of services.
GangnamGlitz
Thu May 09 2024
Previously, the fee was set at 0.00002 BTC, equivalent to $5.59.
Giulia
Thu May 09 2024
However, due to a surge in network fees on the Bitcoin blockchain, the cost of maintaining BTC withdrawals has increased.
SejongWisdomKeeperEliteMind
Thu May 09 2024
Consequently, Binance has adjusted its withdrawal fee to 0.001 BTC, now worth approximately $27.94.