![]() ![]() Once converted, transfer the Bitcoin or Ethereum to another crypto exchange, and then convert it back to the original currency you had before the conversion on Binance. Current withdrawal fee for Ethereum is 0.01 ETH.Current withdrawal fee for Bitcoin is 0.0005 BTC.Trade and convert the cryptocurrency to Bitcoin or Ethereum on Binance first, before initiating the transfer process.īecause the transaction fee for Bitcoin and Ethereum is quite lower compared to other coins. You have two options to do that as fast as possible before getting the coins off the platform: Option 1: Convert coin to BTC/ETH If your coin is in the above list, then there’s a simple way to avoid the high withdrawal fee. But during the time of writing this article, this happens to be the current fee. Note: The withdrawal fee changes with time. If you find your desired cryptocurrency for transfer in the list below, then you need to read the rest of this article to see how you can reduce the fee charged on transfer.īelow are the some of the coins that charges highest withdrawal fees The major cause of these outrageous Binance withdrawal fees is because some coins have high fees, while some don’t.īefore you start transferring your crypto assets away from Binance, please go through this list to see if the coin you want to transfer is in the list. There has been lots of complaints on Binance fees on withdrawal, and that got me thinking of ways to get lower amount when trying to withdraw crypto coins from Binance. Now that you’ve learned how to get lowest Binance fees for exchanging cryptocurrencies, let me show you how you should reduce Binance fiat withdrawal fees. 25% + 5% Binance fee discounts) and make significant gains as a trader by paying less fee on the platform. Using these two easy steps, you can lower Binance trading fee to 0.071% (i.e. Once you have BNB coin on your Binance account during transactions, BNB token will be charged as fee automatically.įollowing this way, you’re sure get up-to 25% trading fee discount. hold) Binance Coin (BNB) in your Binance account that you opened. Thanks to Binance’s reference program, how it changes the fees in your new account.īy creating a new account with my link, your new Binance fee structure will be changed from the regular one to the latest one that allows 5% of the fee. Step 1: First of all, you need to open a new Binance account using my promo link. These fees are charges by Binance for some activities that require movement and conversion of cryptocurrencies from one to another. To get Binance fees explained for those that don’t really understand what it means for investors. In this article, I will explain how to decrease Binance trading fees, then later I will also discuss ways to reduce Binance withdrawal fees as well.īefore we start looking into reducing transaction fees on Binance, let me quickly throw more light. If you wish to decrease your Binance withdrawal fee and trading fee to %0.071, then you are currently in the right place. Other other hand, if you regularly exchange large amounts of coins on Binance, then you can save significant amount of coins in the long run too.īy decreasing official Binance transaction fees further down. I know your answer already – Of course it is ‘Staunch! Literally, you’ll be giving away 1/3rd of your crypto-coins (i.e. ![]() This fee depends on the coin you are transferring though, but the problem is that some of these coins have very high fees.įor example, if you want to transfer Tronix coins from Binance to Bithumb or Upbit account, you will have to pay about 57 Tronix as fee alone. Let’s say you want to transfer crypto-coins from Binance to another cryptocurrency exchange platform.Īs you’re up-to doing that, Binance will charge you a withdrawal fee. Yet, some kind of people still notice these fees somehow. I myself have been using Binance over some years now, and I can’t remember noticing the amount of crypto coins am forfeiting as fee paid. It allows close to 0.1% trading fee for users with less than 50 BTC monthly volume, which is way much more less for transactions that are higher. Getting low transaction fee on Binance is easy, but kind of tricky somehow.īinance is one of the best exchange platforms with lowest fees among other exchanges in the market. ![]()
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