Post
Topic
Board Altcoin Discussion
Re: Binance raised withdrawal fees again?
by
khiholangkang
on 09/04/2021, 13:49:10 UTC
The withdrawal fees were changed from 0 to 0.2 a month ago for the withdrawal of USDT as TRC20. I went with withdrawing some USDT from binance to Kucoin to buy some velo but the withdrawal fees taken were $1. It's absurd how much binance is charging for withdrawal when the fees from blockchain are most probably free for binance as they are super representative on tron blockchain. 
I use binance for it's cheaper transaction fees but these these unnecessary withdrawal fees are going to be a push factor as newer exchanges too are coming with aggressive promotions.
Withdrawal fees for USDT are increased but look at BUSD there are no fees for withdrawals, I think the increase in USDT withdrawal fees is a marketing strategy for Binance to get more people to switch to BUSD.