common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with transferring USDT from Binance to another wallet address?

avatarKjeldsen SteensenDec 17, 2021 · 3 years ago3 answers

I would like to transfer USDT from my Binance account to another wallet address. Are there any fees associated with this transfer? What are the fees and how are they calculated?

Are there any fees associated with transferring USDT from Binance to another wallet address?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with transferring USDT from Binance to another wallet address. The fees vary depending on the amount of USDT you are transferring. Binance charges a flat fee of 1 USDT for each withdrawal. This means that regardless of the amount you are transferring, you will be charged 1 USDT as the withdrawal fee. Please note that this fee is subject to change and it's always a good idea to check the latest fee schedule on Binance's website.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! When you transfer USDT from Binance to another wallet address, there will be fees involved. The fees are based on a percentage of the total amount you are transferring. Binance charges a withdrawal fee of 0.1% for USDT transfers. So, if you are transferring 1000 USDT, the fee would be 1 USDT. Keep in mind that this fee may vary depending on the current market conditions and Binance's fee structure.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with transferring USDT from Binance to another wallet address. However, the exact fees may vary depending on the current fee schedule of Binance. It's always a good idea to check the latest fee schedule on Binance's website before making any transfers. As of now, BYDFi, another popular exchange, offers a lower withdrawal fee for USDT transfers compared to Binance. So, if you are looking for a lower fee option, you may consider using BYDFi for your USDT transfers.