Cryptocurrency Q&A
Does Binance.US charge withdrawal fees?
Does Binance.US charge withdrawal fees?
HanjiArtistry
Fri Oct 11 2024
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7 answers
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I'm curious if Binance.US, the cryptocurrency trading platform, charges any fees when I make a withdrawal from my account. I want to understand the cost associated with withdrawing funds.
7 answers
Ilaria
Sun Oct 13 2024
Binance, a renowned cryptocurrency exchange platform, offers its users the convenience of withdrawing funds to their bank accounts through ACH without imposing any additional charges. This feature is highly appreciated by traders looking to minimize their transaction costs.
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GwanghwamunGuardian
Sun Oct 13 2024
Moreover, the minimum withdrawal amount via ACH on Binance is set at a low threshold of $1, making it accessible even for small traders. This flexible option allows users to withdraw their earnings efficiently and without constraints.
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CryptoQueenGuard
Sun Oct 13 2024
However, if users opt for wire transfer as their withdrawal method, they will be subject to a fee ranging from $10 to $15. This fee is standard in the industry and is usually associated with the processing costs of international bank transfers.
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alexander_smith_musician
Sat Oct 12 2024
On the other hand, when transferring cryptocurrencies from Binance to another wallet, users will be charged a network fee. This fee is not imposed by Binance but is rather an inherent cost of conducting transactions on the blockchain network.
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charlotte_wright_coder
Sat Oct 12 2024
It's important to note that Binance does not levy any additional fees on top of the network fee for such transactions. This transparency in fee structure is a testament to Binance's commitment to providing a fair and cost-effective trading environment for its users.
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