To minimize Binance withdrawal processing times, consider checking the network status of the crypto you want to withdraw. You can find the best prices for ETH and top ERC20 tokens across leading DEXes with our DEX aggregator, DEX.Binance withdrawal time will depend on a few factors, such as the cryptocurrency being withdrawn, the withdrawal amount, and how congested the network is. But a great way to reduce trading fees even more is to use decentralized exchanges. If you don’t have a Binance account, you can get one here. Now you know how to keep your Binance fees as low as possible. Minimize fees with decentralized exchanges So you’ll pay less in fees if you minimize the amount of withdrawals you make for each asset. For most assets, the withdrawal fee equals one-half the minimum withdrawal amount. For example, the fee to withdraw any amount of ether is 0.01 ETH. When you withdraw from Binance, you pay a flat fee in the asset that you’re withdrawing. You should generally take your crypto off of exchanges as soon as possible. Withdrawal fees – flat fee that varies by asset If you choose to pay your Binance fees in BNB, the VIP 8 level comes with a maker fee of 0.015% and a taker fee of 0.03%. The highest fee-discount level Binance offers (VIP 8) requires you to trade at least 150,000 BTC in volume over 30 days and hold at least 11,000 BNB. So unless you’re doing a lot of trading, you don’t have to worry about paying extra for market orders (which always incur taker fees). You don’t get a reduction in your taker fee until the VIP 3 level, which requires a volume of at least 4,500 BTC and holdings of at least 1,000 BNB. This drops your maker fee to 0.09%, and your taker fee remains at 0.1%. To qualify for the first level (VIP 1), you need to trade at least 100 BTC in volume over 30 days and hold at least 50 BNB. Each level also comes with a requirement that you hold a certain amount of BNB. Binance offers eight levels of fee discounts (VIP 1-VIP 8) depending on your 30-day trading volume (as measured in bitcoin). The other way to reduce your Binance fees is to increase your trading volume.
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