Post
Topic
Board Altcoin Discussion
Re: Binance raised withdrawal fees again?
by
jacafbiz
on 09/04/2021, 21:09:04 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 you are telling half truth, how much is Binance charging as compared to other exchanges, FTX charge $1 withdrawal fees for USDT Tron transaction fee, why are you making it sound as if Binance is exploiting their users, you can even get lower fee if you withdraw to BSC address but not supported by all exchanges for now