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What are the fees for converting ETH to USD on Binance?

avatarChoate CowanDec 15, 2021 · 3 years ago7 answers

I want to convert my ETH to USD on Binance, but I'm not sure about the fees involved. Can you please provide me with the details of the fees for converting ETH to USD on Binance?

What are the fees for converting ETH to USD on Binance?

7 answers

  • avatarDec 15, 2021 · 3 years ago
    When converting ETH to USD on Binance, there are a few fees to consider. First, there is a trading fee of 0.1% for both the maker and taker. This fee is applied to the total value of the trade. Additionally, there may be network fees associated with the Ethereum network when sending ETH to Binance. These fees vary depending on network congestion and can be checked on the Ethereum network itself. It's important to note that Binance may also charge a withdrawal fee when transferring USD to your bank account. This fee can vary depending on the withdrawal method and destination bank.
  • avatarDec 15, 2021 · 3 years ago
    Converting ETH to USD on Binance comes with some fees. The trading fee is 0.1% for both makers and takers. This fee is calculated based on the total value of the trade. Besides the trading fee, there might be network fees when sending ETH to Binance. These fees are determined by the Ethereum network and can be checked on the network itself. Lastly, there could be a withdrawal fee when transferring USD to your bank account. The withdrawal fee depends on the withdrawal method and the destination bank. It's always a good idea to check the fee schedule on Binance's website for the most up-to-date information.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to converting ETH to USD on Binance, there are a few fees to be aware of. Binance charges a trading fee of 0.1% for both makers and takers. This fee is based on the total value of the trade. Additionally, there may be network fees associated with the Ethereum network when sending ETH to Binance. These fees are determined by the network itself and can vary depending on network congestion. Lastly, there could be a withdrawal fee when transferring USD to your bank account. The withdrawal fee depends on the withdrawal method and the destination bank. For more specific details, it's best to refer to Binance's fee schedule.
  • avatarDec 15, 2021 · 3 years ago
    When converting ETH to USD on Binance, you'll encounter some fees. Binance charges a trading fee of 0.1% for both makers and takers. This fee is calculated based on the total value of the trade. Additionally, there may be network fees associated with the Ethereum network when sending ETH to Binance. These fees are determined by the network and can vary depending on network congestion. Lastly, there could be a withdrawal fee when transferring USD to your bank account. The withdrawal fee depends on the withdrawal method and the destination bank. Keep in mind that fees may change over time, so it's always a good idea to check Binance's website for the most up-to-date information.
  • avatarDec 15, 2021 · 3 years ago
    When converting ETH to USD on Binance, you'll come across a few fees. Binance charges a trading fee of 0.1% for both makers and takers. This fee is applied to the total value of the trade. Additionally, there may be network fees associated with the Ethereum network when sending ETH to Binance. These fees are determined by the network itself and can vary depending on network congestion. Lastly, there could be a withdrawal fee when transferring USD to your bank account. The withdrawal fee depends on the withdrawal method and the destination bank. Please note that fees may change, so it's always a good idea to check Binance's fee schedule for the most accurate information.
  • avatarDec 15, 2021 · 3 years ago
    When converting ETH to USD on Binance, there are a few fees to consider. Binance charges a trading fee of 0.1% for both makers and takers. This fee is calculated based on the total value of the trade. Additionally, there may be network fees associated with the Ethereum network when sending ETH to Binance. These fees are determined by the network and can vary depending on network congestion. Lastly, there could be a withdrawal fee when transferring USD to your bank account. The withdrawal fee depends on the withdrawal method and the destination bank. It's important to note that fees may change, so it's always a good idea to check Binance's website for the most up-to-date information.
  • avatarDec 15, 2021 · 3 years ago
    When converting ETH to USD on Binance, you'll encounter some fees. Binance charges a trading fee of 0.1% for both makers and takers. This fee is calculated based on the total value of the trade. Additionally, there may be network fees associated with the Ethereum network when sending ETH to Binance. These fees are determined by the network and can vary depending on network congestion. Lastly, there could be a withdrawal fee when transferring USD to your bank account. The withdrawal fee depends on the withdrawal method and the destination bank. Keep in mind that fees may change over time, so it's always a good idea to check Binance's website for the most up-to-date information.