With the growing interest around cryptocurrencies, many have already made their first experiences with the digital money. The large number of new users has also led to an increase in transactions. Ethereum is (still) known for the fact that not many transactions per second are possible. A combination of few possible and many pending transactions caused the network fee to skyrocket. Well, you had to accept the high fee if you wanted the network to process the transaction in this century. Supply and demand at its best. Binance has stepped it up a notch: To withdraw tokens like USDT and USDC via the Ethereum blockchain ERC20, you pay more than double the already high network fee. This post shows a simple trick how you can avoid the high withdrawal fees on Binance.
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Open a Coinbase account and get $10 in Bitcoin.
Open a Binance account and get 10% discount on all trading fees.
Change or transfer foreign currency now with Wise and save up to 90% on transaction and exchange fees.
