Are there any fees associated with converting BTC to USDT on Binance?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, there are fees associated with converting BTC to USDT on Binance. When you make this conversion, Binance charges a trading fee of 0.1% for both the buyer and the seller. This fee is deducted from the total amount of USDT you receive. Keep in mind that there may also be network fees associated with the BTC transaction itself, depending on the current network congestion and transaction size. It's always a good idea to check the current fee schedule on Binance's website before making any conversions.
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• Mar 19, 2022 · 3 years ago
  Absolutely! When you convert BTC to USDT on Binance, there is a trading fee involved. Binance charges a standard trading fee of 0.1% for each transaction. This fee is automatically deducted from the amount of USDT you receive. Additionally, you may also incur network fees for the BTC transaction, which are determined by the current network congestion and transaction size. It's important to consider these fees when planning your conversions on Binance.
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• Mar 19, 2022 · 3 years ago
  Yes, there are fees associated with converting BTC to USDT on Binance. Binance charges a trading fee of 0.1% for both the buyer and the seller. This fee is deducted from the total amount of USDT you receive. However, please note that the trading fee may vary depending on your Binance VIP level. Higher VIP levels can enjoy lower trading fees. It's always a good idea to check your VIP level and the current fee schedule on Binance's website to get the most accurate information.
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