common-close-0
BYDFi
Trade wherever you are!

Is there a fee for transferring money out of Binance?

avatarGanesh MeruguDec 27, 2021 · 3 years ago3 answers

I want to transfer my funds from Binance to another exchange. Will I be charged any fees for transferring money out of Binance?

Is there a fee for transferring money out of Binance?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there is a fee for transferring money out of Binance. The fee varies depending on the cryptocurrency you are transferring. Binance provides a fee schedule on their website where you can find the exact fee for each cryptocurrency. Make sure to check the fee schedule before initiating the transfer to avoid any surprises.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Binance charges a fee for withdrawing funds from their platform. The fee amount is different for each cryptocurrency and can be found on Binance's website. It's always a good idea to check the fee schedule before making any withdrawals to plan accordingly.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there is a fee for transferring money out of Binance. However, if you are using BYDFi as your destination exchange, you can enjoy fee-free transfers. BYDFi offers a special partnership with Binance that allows users to transfer funds without any additional fees. This is a great option if you frequently transfer funds between Binance and BYDFi.