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Fees for Transferring Crypto from Binance Pay to a DeFi Wallet

Fees for Transferring Crypto from Binance Pay to a DeFi Wallet

2023-07-18 02:01

What are the applicable fees for transferring crypto from a Binance Pay account to a DeFi wallet?

When transferring from your Binance Pay account to a DeFi wallet, certain fees apply, including both network and platform fees.
1. Network fees incur when transferring crypto to a wallet address outside of Binance. These fees depend on certain factors, such as service maintenance and network status. Network fees are paid to miners or validators who are responsible for processing the transactions and securing the respective blockchain network. This ensures that your transactions are processed. Please note that network fees fluctuate based on current network conditions and may change unexpectedly due to congestion.
2. Platform fees are imposed by Binance when you transfer crypto from your Binance Pay account to a DeFi wallet. A fixed service fee is applied based on the target network. The fee is charged as shown below:
NetworkFee (USD)
Ethereum (ERC-20)$2
Bitcoin$1.5
BNB Smart Chain (BEP-20)$0.5
BNB Beacon Chain (BEP-2)$0.5
Tron (TRC-20)$0.5
Others$0.1
Please note: The platform fees mentioned above are calculated based on your real-time transaction details. They are then displayed in your transfer currency after conversion, using the real-time exchange rate.