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Are there any fees associated with transferring BUSD from Binance to Trust Wallet?

avatarrubytuesDec 28, 2021 · 3 years ago5 answers

I want to transfer BUSD from my Binance account to my Trust Wallet. Are there any fees that I need to be aware of?

Are there any fees associated with transferring BUSD from Binance to Trust Wallet?

5 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees associated with transferring BUSD from Binance to Trust Wallet. Binance charges a network fee for withdrawals, which is deducted from the transferred amount. The fee amount varies depending on the current network congestion and can be checked on the Binance withdrawal page. Additionally, there might be gas fees associated with the Ethereum network, as BUSD is an ERC-20 token. These fees are required to process the transaction on the Ethereum network.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! When you transfer BUSD from Binance to Trust Wallet, you'll encounter some fees. Binance charges a withdrawal fee for transferring BUSD to an external wallet like Trust Wallet. The fee is deducted from the transferred amount, so make sure to consider it when planning your transfer. Additionally, since BUSD is an ERC-20 token, you may also need to pay gas fees on the Ethereum network to complete the transaction.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees involved in transferring BUSD from Binance to Trust Wallet. Binance charges a withdrawal fee for transferring BUSD to an external wallet. The fee amount can vary depending on the current network conditions. You can check the exact fee on the Binance withdrawal page before initiating the transfer. It's important to note that gas fees may also apply if you're transferring BUSD as an ERC-20 token on the Ethereum network.
  • avatarDec 28, 2021 · 3 years ago
    When transferring BUSD from Binance to Trust Wallet, there are fees to consider. Binance charges a withdrawal fee for transferring BUSD to an external wallet. The fee is deducted from the transferred amount. Additionally, if you're transferring BUSD as an ERC-20 token on the Ethereum network, you may also need to pay gas fees. These fees are required to process the transaction on the Ethereum network and can vary depending on the network congestion.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees associated with transferring BUSD from Binance to Trust Wallet. Binance charges a withdrawal fee for transferring BUSD to an external wallet like Trust Wallet. The fee amount can be found on the Binance withdrawal page. Additionally, if you're transferring BUSD as an ERC-20 token on the Ethereum network, you may also need to pay gas fees to complete the transaction. It's important to consider these fees when planning your transfer.