What are the fees associated with converting USDC on Binance?

1 answers

• Jan 27, 2022 · 3 years ago
  Converting USDC on Binance comes with certain fees that you should be aware of. The first fee is the trading fee, which is a small percentage of the transaction amount. The exact percentage depends on factors such as your trading volume and whether you hold BNB. Binance offers lower trading fees for high-volume traders and users who hold BNB. The second fee is the withdrawal fee, which is charged when you transfer the converted USDC to an external wallet or another exchange. The withdrawal fee varies depending on the cryptocurrency you choose. To find the specific fees, you can refer to Binance's fee schedule. Keep in mind that Binance occasionally runs promotions or discounts on trading fees, so it's worth checking for any ongoing offers.
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