Post
Topic
Board Beginners & Help
Merits 3 from 2 users
Topic OP
Withdrawing crypto from Binance
by
Bergkampsballs
on 25/12/2020, 23:52:09 UTC
⭐ Merited by DdmrDdmr (2) ,erikoy (1)
Hi,

I want to withdraw some crypto from Binance to my ledger nano S but the options have confused me. I can pay the fees in:

Binance Chain (BNB) cost: £0.25
Binance Smart Chain (BSC) cost £0.49
Bitcoin (BTC) cost £9.07
Etherium (ETH) cost £3.81

I have some BNB that I could use to keep the fees down but I get a warning saying "The address does not match the currently selected network, it is recommended that you switch to another network.
"

If I try to use the BSC network I get a warning saying "The network you have selected is BSC. Please ensure that the withdrawal address supports the Binance Smart Chain network. You will lose your assets if the chosen platform does not support retrievals."

If I try to use ETH I get the warning "The address does not match the currently selected network, it is recommended that you switch to another network."

The only option that doesn't give a warning is BTC which has a £9.07 fee. I wanted to do a test transaction first so this would bring the fees to £18.14 or $24

What is the best option here?