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Crypto Deposit/Withdrawal
Deposit/Withdraw Guide
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Crypto Withdrawal Fees on Binance
Binance
2021-03-02 08:55

Crypto Withdrawal Fees

Binance strives to provide reasonable withdrawal fees to our users. However, withdrawal transactions to external crypto addresses typically incur a “transaction fee” or "network fee". This fee is paid to miners or validators, not Binance, which are responsible for processing the transactions and securing the respective blockchain network.
Binance must pay these fees to miners to ensure that transactions are processed. Since transaction fees are dynamic, users will be charged according to the current network conditions. The value is based on an estimate of the network transaction fees and can change without notice. Binance clearly discloses all fees. Users can always check the current fees when making a new withdrawal request.

Minimum requirement

Along with the flat withdrawal fee, there is a minimum amount required for each withdrawal request. If the amount is too low, you won’t be able to request a withdrawal.
You can visit the Fee Schedule page to check the minimum withdrawal amount and transaction fees of each cryptocurrency. However, please note that the values can change without notice.
You can also find the current transaction fees and a minimum amount required on the withdrawal page, as illustrated below.
ETH withdrawal page. Note that the rates vary depending on the network selected.
For example, if you want to withdraw ETH from Binance to an external crypto address, you will have to pay a transaction fee. However, the rates vary according to the network selected.
In other words, the minimum amount required and the transaction fees will change depending on the network you are using. In this example, we have BEP20 (Binance Smart Chain), BEP2 (Binance Chain), and ERC20 (Ethereum).
Make sure to select the correct network. If your external wallet/exchange provides you an ERC20 address (Ethereum blockchain), you must select the ERC20 option before making the withdrawal. DO NOT select the cheapest fee option. You must select the network that is compatible with the external platform. If you select the wrong network, you will lose your funds.
To learn how to withdraw your crypto from Binance, please refer to these guides:
  • How do I deposit/withdraw crypto?
  • How to withdraw from Binance?
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