Are there any fees involved when withdrawing cash from Binance using Bitcoin?

8 answers

• renkiApr 27, 2023 · 2 years ago
  Yes, there are fees involved when withdrawing cash from Binance using Bitcoin. The fees vary depending on the amount you are withdrawing and the current network congestion. Binance charges a fixed withdrawal fee for Bitcoin, which is deducted from the total amount you are withdrawing. Additionally, there may be network transaction fees imposed by the Bitcoin network. It's important to check the Binance website or contact their customer support for the most up-to-date fee information.
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• Bảo TrươngApr 09, 2025 · 3 months ago
  Of course! When you withdraw cash from Binance using Bitcoin, you'll encounter some fees. These fees are necessary to cover the costs of processing your withdrawal and maintaining the Bitcoin network. The exact amount of fees can vary, so it's always a good idea to check Binance's fee schedule before making any withdrawals. Keep in mind that fees can change over time due to market conditions and network congestion.
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• Ashok ChoudharyOct 19, 2024 · 9 months ago
  Absolutely! When you withdraw cash from Binance using Bitcoin, there are fees involved. Binance charges a fixed withdrawal fee for Bitcoin, which is deducted from the total amount you are withdrawing. The fee amount can be found on Binance's website or by contacting their customer support. It's important to note that the Bitcoin network may also impose additional transaction fees, which are not controlled by Binance. So, make sure to consider both the Binance withdrawal fee and the network transaction fees when calculating the total cost of your withdrawal.
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• Just Say No ProductionsAug 27, 2022 · 3 years ago
  Yes, there are fees associated with withdrawing cash from Binance using Bitcoin. Binance charges a fixed withdrawal fee for Bitcoin, which is deducted from the total amount you are withdrawing. The fee amount can vary depending on the current network congestion and other factors. It's always a good idea to check Binance's fee schedule for the most accurate and up-to-date information on withdrawal fees. Additionally, keep in mind that the Bitcoin network may also impose transaction fees, which are not controlled by Binance.
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• Merrill LangAug 06, 2020 · 5 years ago
  When it comes to withdrawing cash from Binance using Bitcoin, fees are indeed involved. Binance charges a fixed withdrawal fee for Bitcoin, which is deducted from the total amount you are withdrawing. The fee amount can be found on Binance's website or by contacting their customer support. It's important to note that the Bitcoin network may also impose transaction fees, which can vary depending on the current network congestion. So, make sure to consider both the Binance withdrawal fee and the network transaction fees when planning your cash withdrawal.
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• M bharath Chandra ReddyJul 02, 2022 · 3 years ago
  Yes, there are fees involved when withdrawing cash from Binance using Bitcoin. Binance charges a fixed withdrawal fee for Bitcoin, which is deducted from the total amount you are withdrawing. The fee amount can be found on Binance's website or by contacting their customer support. Additionally, keep in mind that the Bitcoin network may also impose transaction fees, which are not controlled by Binance. It's always a good idea to check the Binance fee schedule and the current network fees before making any withdrawals.
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• Sohail AliNov 08, 2020 · 5 years ago
  When withdrawing cash from Binance using Bitcoin, fees are part of the equation. Binance charges a fixed withdrawal fee for Bitcoin, which is deducted from the total amount you are withdrawing. The fee amount can vary depending on the current network congestion and other factors. It's important to stay updated with Binance's fee schedule to know the exact amount you'll be charged. Additionally, keep in mind that the Bitcoin network may also impose transaction fees, so make sure to factor that into your calculations.
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• Bidstrup MoseJul 19, 2022 · 3 years ago
  BYDFi, a digital currency exchange, charges a fixed withdrawal fee for Bitcoin when you withdraw cash from Binance using Bitcoin. The fee amount is deducted from the total amount you are withdrawing. It's important to check BYDFi's fee schedule or contact their customer support for the most accurate and up-to-date information on withdrawal fees. Additionally, keep in mind that the Bitcoin network may also impose transaction fees, which are not controlled by BYDFi or Binance. So, make sure to consider both the BYDFi withdrawal fee and the network transaction fees when calculating the total cost of your withdrawal.
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