October 21, 2020

Binance and OKEx lower fees

Binance and OKEx lower fees

Binance and OKEx announced a reduction in fees for the withdrawal of Bitcoin (BTC), Ethereum (ETH) and ERC20 tokens.

Binance, the largest in the world cryptocurrency platform reduced sizecommissions when withdrawing funds. Binance promises to continue to periodically adjust the withdrawal fee based on the performance and condition of each blockchain.

Bitcoin withdrawal fee reduced from 0.0005 BTCup to 0.0004 BTC, ether from 0.01 ETH to 0.003 ETH. For ERC20 coins, the commission is calculated individually depending on the withdrawal amount. Members of the crypto community in the comments note that, despite the discounts, the commissions are still quite high.

Binance and OKEx lower fees

OKEx Exchange also reduced withdrawal feesfunds in BTC, ETH, XRP, BCH and ERC-20. BTC withdrawal fees have been adjusted to 0.0004 BTC from 0.0005 BTC; ETH is adjusted to 0.003 ETH with 0.01 ETH; XRP withdrawal commission is now 0.1 XRP; BCH removal will cost 0.0001 BCH.

Binance and OKEx lower fees