Can we all collectively agree that Binance withdrawal fees are ridiculous and do something about it?
Can we @ cz on twitter? Can we make a fuss about this? Some exchange/platforms are now offering free withdrawals or x free withdrawals per month, however Binance increased some withdrawal fees just yesterday.
Let's see some examples:
BTC – 0.0005 = $28
ETH – 0.008 = $14.4
BAT – 24 = $21
LINK – 0.6 = $18
AAVE – 0.1 = $41
A person that has $1000 between only these 5 assets will lose $122. That's over 12% in fees, around 10% in Binance favor depending on gas costs.
If one has a few more coins, which is more than likely, the percentage increases by a lot. Binance want to keep coins on their exchange at all costs, we as users should complain about this.