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

1 answers

• Nov 24, 2021 · 3 years ago
  Withdrawal fees from Binance to a Canadian bank depend on the specific cryptocurrency you are withdrawing. Binance charges a standard withdrawal fee for each cryptocurrency, which can be found on their website. Additionally, there may be network fees associated with the blockchain network used by the cryptocurrency. These network fees are dynamic and can change based on network congestion and other factors. It is important to note that Binance does not control these network fees. When withdrawing funds from Binance, it is recommended to check the current withdrawal fee and network fee for your chosen cryptocurrency. As for hidden costs, Binance is transparent about its fees and there are no hidden charges involved in the withdrawal process. However, your Canadian bank may charge a fee for receiving international wire transfers. It is advisable to contact your bank directly to inquire about any potential fees they may impose.
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