Re: [Mar 2024] Fees are lower, wait for opportunity to Consolidate your small inputs
Another ordinals spammer overpaid 255x in transaction fees. How much do people make from ordinals to pay $3,948 in 3 inputs and 2 output transaction?
Yes, you are right, they love confusing their users. On their website they have published articles that says that SegWit has dropped transaction cost dramatically compared to Legacy and on their withdrawal page, they charge 2.5 times more for SegWit withdrawal. I have seen many cases where their BEP20 and BEP2 withdrawal options caused serious trouble for many people. This is an attempt done intentionally to mislead people. Binance is a very shady exchange. I am really surprised about why so many people invest in BNB. People are buying ordinals, buying BNBs, what a crazy world we live in.
By the way, I just checked Binance's Bitcoin withdrawal fees and I am kinda confused. Withdrawal fee for Bitcoin (legacy) is 0.00025 BTC while the withdrawal fee for SegWit that's supposed to be nearly 40% lower, is 0.00062 BTC. Did I misunderstood something here or doesn't this make any sense?
Binance loves confusing users into accepting their own made-up token as Bitcoin. Charging more for SegWit looks like a way to increase profit from unsuspecting users: