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Author Topic: Withdrawing crypto from Binance  (Read 215 times)
virasog
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December 27, 2020, 06:11:14 AM
 #21

Which crypto are you trying to withdrawal?

Thank you for the explanation, that's very helpful. I should have stated, I am looking to withdraw Bitcoin for now.

So, I guess my best bet is to just pay the $24 fees to transfer the funds. Is there much chance that the fees will go down soon or is that only likely to happen if the price of Bitcoin goes down?

Yes, you should withdraw in bitcoin so that your coins don't get lost. Also do not expect much decrease in bitcoin price because binance takes fix 0.0005 BTC for withdraw and as long as bitcoin price is high, this will always look as a burden for us. Just don't convert it in usd and pounds and you will not feel it a big fee.  Smiley

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December 27, 2020, 06:33:52 AM
 #22

So, I guess my best bet is to just pay the $24 fees to transfer the funds. Is there much chance that the fees will go down soon or is that only likely to happen if the price of Bitcoin goes down?

Don't think bitcoin price can go down now because its been adopted by institution. If you want to transfer your bitcoins to hardware wallet and store them for a long time, then you can afford this one time fee. But if you want to trade back and forth, then its better to keep them on exchange and save the withdrawal fee.
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