What are the fees involved in transferring BNB from Binance to Trust Wallet?
Maddox HongJan 07, 2022 · 3 years ago3 answers
Can you please provide a detailed explanation of the fees associated with transferring BNB from Binance to Trust Wallet?
3 answers
- Jan 07, 2022 · 3 years agoWhen transferring BNB from Binance to Trust Wallet, there are a few fees to consider. First, Binance charges a withdrawal fee for BNB transfers, which is currently 0.0005 BNB. Additionally, there may be network fees associated with the transfer, as BNB is an ERC-20 token. These network fees are paid to the Ethereum network and can vary depending on network congestion. It's important to check the current network fees before making the transfer to ensure you're aware of the total cost involved.
- Jan 07, 2022 · 3 years agoTransferring BNB from Binance to Trust Wallet incurs a withdrawal fee of 0.0005 BNB. In addition to this, you may also need to pay network fees, which are determined by the Ethereum network. The network fees can fluctuate based on the current network congestion. It's recommended to check the fees before initiating the transfer to avoid any surprises.
- Jan 07, 2022 · 3 years agoWhen you transfer BNB from Binance to Trust Wallet, Binance charges a withdrawal fee of 0.0005 BNB. This fee is deducted from the total amount you're transferring. Additionally, you may need to pay network fees to the Ethereum network, as BNB is an ERC-20 token. The network fees can vary depending on the current network congestion. It's advisable to check the fees on both Binance and the Ethereum network before proceeding with the transfer to have a clear understanding of the costs involved.
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