Binance flat 0.0005 BTC withdrawal fee is ludicrous compared to other exchanges
I decided to get all my BTC off of exchanges and see that Binance still charges 0.0005 BTC for withdrawals. Other exchanges charged me between 0.00015000 and 0.00022 BTC for one withdraw fee and the amounts were in some cases much higher then what I want to withdraw from Binanace.
I looked back on Reddit and see that at least 3 months back when BTC was half the price the fees were the same still at 0.0005 (I can't seem to have the link here or the mod blocks me – its on the Binanace Reddit in December if you want to search for it)
Why on earth is this exchanged not called out more on this? They keep pushing people towards their BNB token and do not have their clients best interests at heart!
I will be moving what I can off of them and staying away, My main drive to do this now and not later is there are no signs they will ever change this so that 0.0005 btc could be double (again) the current value in a few months. This and the whole PancakeSwap / UniSwap clone is just disgusting!
submitted by /u/FrozenEternityZA