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Binance US Slashes BTC Withdrawal Fee by 60%

Binance US has removed all fees for trading Bitcoins on USD, USDT, USDC, and BUSD spot markets. Bitcoin withdrawal fee has also been slashed by up to 60%. Some altcoins may also...
Binance US Slashes BTC Withdrawal Fee by 60% © Reuters. Binance US Slashes BTC Withdrawal Fee by 60%

  • Binance US has removed all fees for trading Bitcoins on USD, USDT, USDC, and BUSD spot markets.
  • Bitcoin withdrawal fee has also been slashed by up to 60%.
  • Some altcoins may also experience zero trading fees later.

Binance US, the American branch of global exchange behemoth Binance, has removed fees for trading Bitcoin on its exchange for spot pairs such as USD, USDT, USDC, and BUSD.

The news became an instant sensation across various crypto communities, with some hinting at the possibility of a ‘fee war’ among exchanges. At the moment, only Binance US and Robinhood (NASDAQ:HOOD) – the first platform to offer a fee-less trading experience – are implementing zero fees for their Bitcoin trading service to American users.

As if this was not enough, Binance US CEO Brian Shroder said that the exchange has also reduced the Bitcoin withdrawal fee by up to 60%.

Not all users in the US can access Binance US’ services. Specifically, Binance US does not serve people who reside in four states, namely New York, Texas, Vermont, and Hawaii due to regulatory reasons. However, the exchange is already taking steps to open its platform to these jurisdictions.

“The timelines vary for each state, but we are engaged in active and productive discussions with state regulators,” explained a representative from the said exchange.

Binance US is also mulling over the possibility of implementing the same for other cryptocurrencies, although it has not mentioned any other specific details yet.

In other news, Bitcoin is struggling to maintain its price at $20,000 after a bloody weekend that saw its decline to as low as $17,760.77, according to CoinGecko. At the time of writing, Bitcoin is changing hands at $20,318.63.

Continue reading on CoinQuora

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07-07-2022 23:03:42 (UTC+7)

EUR/USD

1.0160

-0.0021 (-0.20%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

EUR/USD

1.0160

-0.0021 (-0.20%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

GBP/USD

1.1994

+0.0063 (+0.53%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

USD/JPY

135.98

+0.04 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6829

+0.0054 (+0.80%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.2983

-0.0053 (-0.40%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (6)

EUR/JPY

138.16

-0.21 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9893

+0.0013 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,739.05

+2.55 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

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Silver Futures

19.198

+0.039 (+0.20%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (4)

Copper Futures

3.5445

+0.1365 (+4.01%)

Summary

↑ Buy

Moving Avg:

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Sell (2)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

104.12

+5.59 (+5.67%)

Summary

Neutral

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Sell (2)

Indicators:

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Sell (5)

Brent Oil Futures

106.12

+5.43 (+5.39%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (4)

Natural Gas Futures

6.232

+0.722 (+13.10%)

Summary

Neutral

Moving Avg:

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Sell (5)

Indicators:

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Sell (5)

US Coffee C Futures

218.63

-0.57 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (8)

Euro Stoxx 50

3,488.50

+66.66 (+1.95%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

S&P 500

3,891.72

+46.64 (+1.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

DAX

12,843.22

+248.70 (+1.97%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (3)

FTSE 100

7,186.40

+78.63 (+1.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Hang Seng

21,643.58

+56.92 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,765.25

+35.01 (+2.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,122.50

+173.90 (+2.19%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (3)

BASF SE NA O.N.

41.300

+1.550 (+3.90%)

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↑ Buy

Moving Avg:

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Bayer AG NA

56.59

+0.40 (+0.71%)

Summary

Sell

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Allianz SE VNA O.N.

178.46

+2.96 (+1.69%)

Summary

Buy

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Adidas AG

169.28

+4.74 (+2.88%)

Summary

↑ Buy

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Deutsche Lufthansa AG

5.764

+0.254 (+4.61%)

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Siemens AG Class N

97.71

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Deutsche Bank AG

7.983

+0.295 (+3.84%)

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 EUR/USD1.0160Neutral
 GBP/USD1.1994↑ Sell
 USD/JPY135.98↑ Buy
 AUD/USD0.6829↑ Buy
 USD/CAD1.2983↑ Sell
 EUR/JPY138.16↑ Buy
 EUR/CHF0.9893↑ Buy
 Gold1,739.05↑ Sell
 Silver19.198Sell
 Copper3.5445↑ Buy
 Crude Oil WTI104.12Neutral
 Brent Oil106.12Neutral
 Natural Gas6.232Neutral
 US Coffee C218.63↑ Sell
 Euro Stoxx 503,488.50↑ Sell
 S&P 5003,891.72↑ Buy
 DAX12,843.22Neutral
 FTSE 1007,186.40↑ Sell
 Hang Seng21,643.58↑ Buy
 Small Cap 20001,765.25↑ Buy
 IBEX 358,122.50↑ Buy
 BASF41.300↑ Buy
 Bayer56.59Sell
 Allianz178.46Buy
 Adidas169.28↑ Buy
 Lufthansa5.764↑ Buy
 Siemens AG97.71↑ Buy
 Deutsche Bank AG7.983↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,765/ 6,825
(-5/ -5) # 1,893
SJC HCM6,785/ 6,845
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SJC Hanoi6,785/ 6,847
(0/ 0) # 1,916
SJC Danang6,785/ 6,847
(0/ 0) # 1,916
SJC Nhatrang6,785/ 6,847
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SJC Cantho6,785/ 6,847
(0/ 0) # 1,916
Cập nhật 07-07-2022 23:03:45
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ↀ Giá vàng thế giới
$1,739.99-24.92-1.41%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.36034.020
RON 95-III32.76033.410
E5 RON 92-II30.89031.500
DO 0.05S29.61030.200
DO 0,001S-V30.41031.010
Dầu hỏa 2-K28.35028.910
ↂ Giá dầu thô thế giới
WTI$104.06-0.48-0.46%
Brent$106.06-0.72-0.68%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.180,0023.490,00
EUR23.177,9524.476,02
GBP27.204,7528.365,03
JPY166,93176,72
KRW15,5318,93
Cập nhật lúc 18:49:11 07/07/2022
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