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Binance deposit fee

According to your deposit  method, you may be required to pay the handling fee or not.

1.Fiat currency deposit

Fiat currency refers to the legal tender of governments, such as U.S. Dollars, KRW and so on. Binance does not charge you handling fees, but your bank will charge you remittance fee and cable fee.

2. Cryptocurrency deposit

Cryptocurrency deposit refers to transferring funds to Binance through an external wallet transfer. It is like an online bank transfer. Binance does not charge you handling fee. You only need to pay the transaction fee of the cryptocurrency, which is the original blockchain transfer fee.

3. Credit card deposit

The fee for swiping credit card is around 2%. It may be difference, depends on cardholder bank.

4. P2P deposit

P2P refers to the three-party trading platform provided by Binance. People who want to sell cryptos can register as merchants. People who want to buy cryptos can also select different merchants. Binance does not charge additional handling fees in P2P, but different merchants will require different payment methods, as the fee depends on the payment method. If you choose P2P deposit, you need to pay attention to the difference in exchange rate.

Binance withdrawal fee

There are two ways to withdraw money on Binance, one is wallet withdrawal (transfer to an external wallet), and the other is P2P.

1.Cryptocurrency withdrawal

If you transfer funds from Binance Wallet to an external wallet, you need to pay an online transaction fee and Binance handing fee. Depending on the currency and network, the handling fee will be different. You can see the BTC and ETH fees as following.

Most of the fees are quite low. Here we recommend to select the lowest transfer network BEP2 when withdrawing funds. Most common currencies only charge less than 0.1%.

2. P2P withdrawal

You can choose merchants who are willing to buy your currency through the P2P platform. As previous mention, Binance does not charge additional handling fees in P2P, but you need to pay attention to the difference in exchange rate.