Withdrawing cryptocurrency from Binance incurs a fee that primarily covers the blockchain network's miner fee. Different tokens and different networks have vastly different withdrawal costs. Understanding these fee differences can save you a significant amount of money. Sign up on Binance to view real-time fee rates on the withdrawal page.
Common Token Withdrawal Fees
USDT (Tether)
USDT is the most frequently withdrawn token, and fees vary greatly depending on the network:
- TRC20 (Tron network): approximately 1 USDT
- BEP20 (BSC network): approximately 0.29 USDT
- ERC20 (Ethereum network): approximately 3 to 10 USDT (fluctuates with gas fees)
- Polygon network: approximately 1 USDT
- SOL network: approximately 1 USDT
As you can see, choosing a different network can result in fees that differ by several times or even ten-fold.
BTC (Bitcoin)
Bitcoin withdrawal fees typically range from 0.0001 to 0.0005 BTC, depending on network congestion. If Lightning Network withdrawals are supported, fees will be even lower.
ETH (Ethereum)
Ethereum withdrawal fees are approximately 0.001 to 0.005 ETH, fluctuating with network gas fees. During high-gas periods, fees can cost several dozen dollars.
BNB (Binance Coin)
Withdrawing BNB via the BSC network costs approximately 0.0005 BNB — very cheap.
Other Tokens
Withdrawal fees vary by token. You can check the specific fee on the Binance app's withdrawal page after selecting the token and network.
Factors Affecting Withdrawal Fees
Network Selection
This is the biggest factor. The same token withdrawn via different networks can cost several times to dozens of times more. In general:
- BSC, Polygon, and TRC20 networks have low fees
- The Ethereum ERC20 network has the highest fees
Network Congestion
The more congested a blockchain network is, the higher the miner fees. During extreme market volatility, many users transacting simultaneously can cause congestion and temporarily drive up withdrawal costs.
Withdrawal Amount
Binance withdrawal fees are typically a fixed amount, not a percentage. Therefore, the larger the withdrawal, the lower the fee as a proportion. Frequent small withdrawals result in a high fee-to-value ratio and aren't cost-effective.
Download the Binance app to check real-time fees before withdrawing.
How to Save on Withdrawal Fees
Choose a Cheaper Network
This is the most direct and effective way to save. When withdrawing USDT, choosing TRC20 or BEP20 instead of ERC20 can save you several dollars per transaction.
However, note that the recipient must support the network you choose. If the recipient only supports ERC20, you must use the ERC20 network.
Reduce Withdrawal Frequency
Consolidate multiple small withdrawals into one larger one to reduce total fees. For example, instead of withdrawing 100 USDT daily (1 USDT fee each time, 30 USDT in fees per month), withdraw 3,000 USDT once a month (just 1 USDT in fees).
Choose the Right Time
Ethereum gas fees fluctuate significantly throughout the day. Fees are typically lower during weekday mornings (late night US time). If the withdrawal isn't urgent, wait for a low-gas period.
Use BNB Deduction
In some scenarios, paying fees with BNB provides a discount, though withdrawal fees are usually deducted directly from the withdrawn token.
Withdrawal Steps
Step 1: Open the Binance app, go to Assets, then Withdraw
Step 2: Select the token to withdraw (e.g., USDT)
Step 3: Select the withdrawal network (choose one with lower fees)
Step 4: Enter the recipient address (double-check carefully — sending to the wrong address is irreversible)
Step 5: Enter the withdrawal amount — the system will display the fee and the actual amount the recipient will receive
Step 6: After confirming everything is correct, submit and complete the security verification
Withdrawal Processing Times
Processing times vary by network:
- TRC20: typically 1 to 5 minutes
- BEP20: typically 1 to 5 minutes
- ERC20: typically 5 to 30 minutes, longer during congestion
- BTC: typically 10 minutes to 1 hour
- Some altcoins: may require more network confirmations and take longer
Sign up on Binance to experience fast and convenient withdrawals.
FAQ
Does Binance keep the withdrawal fee?
Withdrawal fees primarily cover the blockchain network's miner fees. Binance may add a small surcharge, but overall, Binance's withdrawal fees are considered average to below-average in the industry.
Is there a minimum withdrawal amount?
Yes. Different tokens and networks have different minimum withdrawal amounts. After selecting the token and network on the withdrawal page, the specific minimum will be displayed.
Can withdrawal fees be paid with BNB?
In most cases, withdrawal fees are deducted directly from the withdrawn token and cannot be paid with BNB.
Why is the received amount less than the withdrawal amount?
Because the fee is deducted from the withdrawal amount. For example, if you withdraw 100 USDT with a 1 USDT fee, the recipient receives 99 USDT. The Binance app clearly displays the fee and received amount on the withdrawal page.
Safety Tips
- Always double-check the recipient address before withdrawing — crypto transactions sent to the wrong address are irreversible
- When withdrawing to a new address for the first time, send a small test amount first
- Confirm the recipient supports the withdrawal network you selected
- Verify your account security settings are enabled before making large withdrawals
- Avoid performing withdrawals on unsecured networks