Post
Topic
Board Altcoin Discussion
Re: Binance raised withdrawal fees again?
by
kevinzxz
on 09/04/2021, 20:46:58 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.

I think $1 for withdrawal USDT TRC20 on Binance is not a big problem, because with very cheap trading fees, lots of token for you to trading and high APY staking is the advantage you get from Binance exchange, so I don't think $1 is a big problem for withdrawal fees, because coinbene withdrawal fees for USDT TRC20 is $1 (same as Binance), while Binance is an exchange that is bigger than coinbene, so I think $1 for withdrawal USDT is still reasonable and cheap for all the facilities on Binance exchange.