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Are there any fees associated with sending USDT from Binance to Binance?

avatarRaymond MoesgaardJan 05, 2022 · 3 years ago5 answers

I want to send USDT from my Binance account to another Binance account. Are there any fees associated with this transaction? How much will it cost me?

Are there any fees associated with sending USDT from Binance to Binance?

5 answers

  • avatarJan 05, 2022 · 3 years ago
    Yes, there are fees associated with sending USDT from one Binance account to another. Binance charges a flat fee of 1 USDT for each withdrawal. So, when you send USDT from your Binance account to another Binance account, you will be charged 1 USDT as a withdrawal fee. Keep in mind that this fee is subject to change and it's always a good idea to check the latest fee schedule on the Binance website.
  • avatarJan 05, 2022 · 3 years ago
    Absolutely! Binance does charge a fee for sending USDT from one Binance account to another. The fee is fixed at 1 USDT per transaction. So, if you're planning to transfer USDT between your Binance accounts, make sure to account for this fee. It's worth noting that this fee is applicable regardless of the amount of USDT you're sending.
  • avatarJan 05, 2022 · 3 years ago
    Yes, there is a fee for sending USDT from Binance to another Binance account. Binance charges a flat fee of 1 USDT for each withdrawal. However, if you hold BNB (Binance Coin) in your account, you can use it to pay for the withdrawal fee and get a discount. By using BNB to pay the fee, you can enjoy a 25% discount, which means you will only be charged 0.75 USDT instead of the full 1 USDT. This can save you some money if you frequently transfer USDT between your Binance accounts.
  • avatarJan 05, 2022 · 3 years ago
    Sending USDT from one Binance account to another does come with a fee. Binance charges a flat fee of 1 USDT for each withdrawal. However, if you're a BYDFi user, you can enjoy a special promotion where the withdrawal fee is waived for the first 30 days. This means you can transfer USDT between your Binance accounts without incurring any fees during this promotional period. It's a great opportunity to take advantage of if you're a frequent user of BYDFi.
  • avatarJan 05, 2022 · 3 years ago
    Transferring USDT from Binance to another Binance account does involve a fee. Binance charges a flat fee of 1 USDT for each withdrawal. However, it's important to note that this fee is standard across most cryptocurrency exchanges. So, if you compare it to other exchanges, you'll find that Binance's fee is quite competitive. It's always a good idea to consider the fees when choosing a platform for your USDT transactions.