What are the fees associated with withdrawing money from Binance to a bank?

3 answers

• Arvind kumarMay 18, 2023 · 2 years ago
  When withdrawing money from Binance to a bank, there are several fees to consider. First, Binance charges a withdrawal fee that varies depending on the cryptocurrency you are withdrawing. This fee covers the transaction cost on the blockchain network. Additionally, your bank may charge a fee for receiving the funds. It's important to check with your bank to understand their specific fees. Keep in mind that the withdrawal fee on Binance is subject to change, so it's always a good idea to check the latest fee schedule on their website.
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• jnancelApr 29, 2022 · 3 years ago
  Withdrawing money from Binance to a bank involves a few fees. Binance charges a withdrawal fee based on the cryptocurrency you are withdrawing. This fee is used to cover the network transaction cost. Apart from Binance's fee, your bank may also charge a fee for processing the transaction. It's recommended to check with your bank to get the exact fee details. Remember that the withdrawal fee on Binance can change, so it's essential to stay updated with the latest fee structure.
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• Lakki nutrition CentreSep 24, 2020 · 5 years ago
  When it comes to withdrawing money from Binance to a bank, there are fees to consider. Binance charges a withdrawal fee that varies depending on the cryptocurrency you are withdrawing. This fee is necessary to cover the network transaction cost and ensure the security of the transaction. Additionally, your bank may charge a fee for processing the transfer. It's advisable to check with your bank to understand their fee structure. Keep in mind that the withdrawal fee on Binance is subject to change, so it's always a good idea to stay informed about the latest fee updates.
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