Post
Topic
Board Altcoin Discussion
Re: Binance raised withdrawal fees again?
by
masterrex
on 10/04/2021, 02:42:30 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.

IMHO, I think thats not high enough compared to the ERC20 based USDT, and $1 fee for TRC20 based USDT is still favorable to me, compared to the ERC20 base USDT, and I believe Binance has a reason why they increased it as I remember in the fast if the Network was normalized Binance fees also reduced so I think thats the reason why fees are increased due to Network congestion.