Binance Cryptocurrency Exchange Recently Lowers it’s Bitcoin and Ethereum Withdrawal Fees.
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One of the world largest cryptocurrency exchange Binance has lowered it’s withdrawal fees for Bitcoin, Ethereum and Ethereum Based Token.
In a bid to offer better service and bring in more users into its trading platform, binance has lowered its withdrawal fee on some cryptocurrencies. The new feature was announced few days after pledging support for coronavirus victims in Wuhan, China.
The withdrawal fee charge on Binance for the various services includes:
- BTC withdrawal fees have been lowered to 0.0004 BTC, from 0.0005 BTC previously.
- ETH withdrawal fees have been lowered to 0.003 ETH, from 0.01 ETH previously.
- ERC20 token withdrawal fees have also been lowered and the full list can be found here: See Full List Here.
According to the news on its site, Binance will continue to adjust withdrawal fees with time based on the performance and status of each blockchain network.
Moreover, the new withdrawal fee charge is considerably lower when compared to other competing crypto exchanges like Huobi. See Huobi full fee list here.