Post
Topic
Board Bitcoin Discussion
Re: Binance is spamming mempool
by
ETFbitcoin
on 16/11/2022, 08:10:34 UTC
<…>
I believe that the image is actually showing the Minimum Withdrawal amount, not the Withdrawal fee, which on the Bitcoin network is 0.0002 BTCs (3,39 $).

I’ve gone over some of the recent achieved pages on TheWayBackMachine, and at least since May 2022, BTC fees are the same on the Bitcoin Network (no so on other chains):

https://web.archive.org/web/20221113214837/https://www.binance.com/en/fee/cryptoFee
https://web.archive.org/web/20221006095230/https://www.binance.com/en/fee/cryptoFee
https://web.archive.org/web/20220813163621/https://www.binance.com/en/fee/cryptoFee
https://web.archive.org/web/20220512162950/https://www.binance.com/en/fee/cryptoFee

I rechecked Binance website and you're correct. It looks like Binance doesn't show whole column if your browser width is too small and they didn't "freeze" the column name which caused mistake. The actual fee are 0.0002BTC for "Bitcoin" and 0.0005BTC for "BTC(SegWit)". Even so, it's still rather expensive and discriminate towards user who have SegWit address.