When withdrawing from Binance, choosing different networks (chains) can mean fee differences of up to dozens of times. Picking the right chain can save you real money.
Register through the Binance official site, or download the APK to install the app and check withdrawal fees for each chain.
Fee Comparison Across Common Chains
Using USDT withdrawal as an example, fee differences across chains are significant:
- ERC20 (Ethereum): approximately 3-5 USDT, potentially higher during network congestion
- TRC20 (Tron): approximately 1 USDT
- BEP20 (BSC): approximately 0.3 USDT
- Polygon: approximately 0.1 USDT
- Arbitrum: approximately 0.5 USDT
- Optimism: approximately 0.5 USDT
- SOL (Solana): approximately 1 USDT
In terms of cost, BEP20 and Polygon are the cheapest options.
How to Choose the Right Chain
Choosing a withdrawal chain shouldn't be based on fees alone β consider these factors too:
First, what chains does the recipient support? The wallet or exchange you're sending to must support the corresponding network; otherwise, the funds won't arrive. Always confirm the recipient's deposit address chain before withdrawing.
Second, arrival speed. Different chains have different confirmation times. BEP20 and TRC20 typically arrive in minutes, while ERC20 may take ten or more minutes.
Third, security and reliability. Ethereum mainnet is more expensive but offers the highest security. Less popular chains are cheaper but may occasionally undergo maintenance that temporarily suspends withdrawals.
Step-by-Step Instructions
Step one: In the Binance App, tap "Assets" then "Withdraw."
Step two: Select the coin you want to withdraw and enter the withdrawal address.
Step three: At the network selection step, carefully compare fees and arrival times for each chain and choose the best one.
Step four: After confirming all information is correct, submit and complete security verification.
Money-Saving Tips
For large withdrawals, the absolute fee difference is negligible β prioritize secure and stable chains. But for frequent small withdrawals, choosing cheaper chains adds up to meaningful savings.
Another approach is to first convert your assets to a coin with low withdrawal fees, transfer it to the target platform, then convert back. For example, withdraw USDT via the BEP20 chain, as long as the target platform also supports the BSC network.
Always double-check the network and address before withdrawing. Choosing the wrong chain could result in permanently lost assets.
Android: direct APK install. iOS: requires overseas Apple ID
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