Binance.US has updated its fee structure for Ether (ETH) and ERC-20 withdrawals in order to better serve customers. The new fee structure introduces dynamic withdrawal fees that are estimated in near real-time, to closely reflect Ethereum’s current on-chain and network data.
As part of Binance.US’ ongoing efforts to offer some of the lowest trading fees in the United States, the addition of dynamic crypto withdrawal fees for Ether (ETH) and ERC-20 tokens gives customers the option to time their token withdrawals during periods when network fees are relatively low.
For more information on the ERC-20 tokens that Binance.US supports, please consult our list of supported assets.
What Are Dynamic Withdrawal Fees?
Withdrawing funds from Binance.US may incur transaction fees, which are estimated based on network transaction costs. Going forward, rather than charging a fixed fee, Binance.US will charge customers a dynamically generated withdrawal fee for Ether (ETH) and ERC-20 tokens.
Which ERC-20 Tokens Support Dynamic Support Fees?
Dynamic crypto withdrawal fees have been successfully rolled out in three phases. Please refer to the timeline below for information on the phased rollout:
Phase 1 - Jan. 5, 2022: Kyber Network Crystal Legacy (KNCL), Augur (REP), Kyber Network (KNC), 1inch Network (1INCH), Cartesi (CTSI), Maker (MKR), 0x (ZRX), OMG Network (OMG), and Storj (STORJ).
Phase 2 - Jan. 10, 2022: Orchid (OXT), Compound (COMP), The Graph (GRT), Basic Attention Token (BAT), Ankr (ANKR), Aave (AAVE), Axie Infinity (AXS), Uniswap (UNI), Fantom (FTM), yearn.finance (YFI), and Dai (DAI).
Phase 3 - Jan. 17, 2022: SushiSwap (SUSHI), Amp (AMP), Curve DAO Token (CRV), Enjin (ENJ), BUSD, Chainlink (LINK), BNB, Shiba Inu (SHIB), USD Coin (USDC), Polygon (MATIC), Tether (USDT), and Ether (ETH).
How Do I Withdraw Crypto From Binance.US?
To withdraw cryptocurrencies from your Binance.US account, you’ll need to select the cryptocurrency you want to withdraw, enter the amount you want to withdraw, and retrieve the withdrawal address.
Read our guide on how to withdraw crypto from your Binance.US account.
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Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.