Binance raised withdrawal fees again?

[fullhdpixel]

The withdrawal fees were changed from 0 to 0.2 a month ago for the withdrawal of USDT as TRC20. I went with withdrawing some USDT from binance to Kucoin to buy some velo but the withdrawal fees taken were $1. It's absurd how much binance is charging for withdrawal when the fees from blockchain are most probably free for binance as they are super representative on tron blockchain.  
I use binance for it's cheaper transaction fees but these these unnecessary withdrawal fees are going to be a push factor as newer exchanges too are coming with aggressive promotions.

Fees has been the problem that everyone has been facing through out this year ever since the bullish ride started, and I don’t think this bullish ride will end soon and that’s the same thing with exchanges and most of them will be adjusting based on the situation at hand so that they will be able to cope with whatever that is happening. It’s really not easy but I know for sure that they are going to be able to fix al these things soon when things starts getting better and better, it’s all with time.

Binance want more and more money, as usual. And they want to push you to use BUSD

Eehm… that’s another angle or thought of what’s happening lol,  we are not sure if that’s really the reason why they have increased their fees, but before all that they already have some perks that will convince whoever that wants to make use of their BUSD or whatever token they have.

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[DeadCoin]

Not only Binance but other exchanges as well since the value of bitcoin started growing up. The gas fees has grown up from around $5 to $15 now. Blocks must be consuming more gas as more traffic would be causing delays, so need more gas and more gas are expensive.

[Danslip]

The withdrawal fees were normal back to days when the LTC price was increased from $150 all the way up to $220 but the fees didn't change much. Btw, the high withdrawal fees for BTC are not actual for Binance compared to the same amount of withdrawals on alternative exchanges. The high withdrawal fees are still the main problem of payment processors too, the best way is to use the cheaper alternatives while the storm continues on the markets. Binance will not decrease the fees until the end of the current bull market, IMHO.

[mindrust]

Not only Binance but other exchanges as well since the value of bitcoin started growing up. The gas fees has grown up from around $5 to $15 now. Blocks must be consuming more gas as more traffic would be causing delays, so need more gas and more gas requires. It p

They are raising the Tether fees on Tron too though. This has nothing to do with Bitcoin. I remember very well that it was free to withdraw tethers by using TRX chain and now they are charging $1. It is still cheap but it is still an unpleasant event. If you use BSC, they charge 0.8 bucks now but the other exchanges I use don't use that chain so it is useless.

[Dexion]

maybe it's one part of a business that aims to grow the bnb. converting your coins to bnb before they become addicted is one great way. bnb has minimal fees in transactions compared to usdt or other coins and a lot of development has been done since 2017 to improve not only the exchange itself but also its ecosystem

[MUG1WARA]

The withdrawal fees were changed from 0 to 0.2 a month ago for the withdrawal of USDT as TRC20. I went with withdrawing some USDT from binance to Kucoin to buy some velo but the withdrawal fees taken were $1. It's absurd how much binance is charging for withdrawal when the fees from blockchain are most probably free for binance as they are super representative on tron blockchain. 
I use binance for it's cheaper transaction fees but these these unnecessary withdrawal fees are going to be a push factor as newer exchanges too are coming with aggressive promotions.

Withdrawal fees for USDT are increased but look at BUSD there are no fees for withdrawals, I think the increase in USDT withdrawal fees is a marketing strategy for Binance to get more people to switch to BUSD.

Indeed it is a marketing strategy for them to promote their stablecoin BUSD, but the problem is BUSD is not listed in other centralized exchanges, it's only on their binance exchange for now and they still people to switch over from using ERC-20/TRC-20 USDT that is on alot of exchanges to BUSD, it's not possible to just take USDT out of the picture with their own coin,they should know that by now.

[nicecrypto]

Binance want more and more money, as usual. And they want to push you to use BUSD

That might be the case and you understand how Business people think, they will try to take advantage of every situation to better their own and I am guessing that Binance might do that too or just trying to catch up with the fees from other exchange because I know that I was charged 1USDT transferring some USDT from one other exchange to BInance some time ago.