Are there any fees for transferring IOST from Binance to MEW?
Jomar PazNov 26, 2021 · 3 years ago3 answers
I want to transfer my IOST tokens from Binance to MEW (MyEtherWallet). Are there any fees involved in this process?
3 answers
- Nov 26, 2021 · 3 years agoYes, there are fees for transferring IOST from Binance to MEW. Binance charges a withdrawal fee for every transaction. The fee amount depends on the current network congestion and can vary over time. It's recommended to check the Binance fee schedule before initiating the transfer. Additionally, MEW may also charge a small gas fee for processing the transaction on the Ethereum network. Make sure to have enough ETH in your MEW wallet to cover the gas fee.
- Nov 26, 2021 · 3 years agoTransferring IOST from Binance to MEW does involve fees. Binance charges a withdrawal fee, which is deducted from the total amount of IOST you want to transfer. The fee amount is subject to change and can be found on the Binance website. MEW may also charge a gas fee for processing the transaction on the Ethereum network. It's important to consider these fees when planning your transfer.
- Nov 26, 2021 · 3 years agoYes, there are fees associated with transferring IOST from Binance to MEW. Binance, being a centralized exchange, charges a withdrawal fee for every transaction. The fee amount is determined by Binance and can vary depending on the current network conditions. MEW, on the other hand, charges a gas fee for processing the transaction on the Ethereum network. It's advisable to check the fee schedules of both Binance and MEW before initiating the transfer to have a clear understanding of the costs involved.
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