Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: damsix on March 05, 2021, 01:54:45 AM

Title: Binance USD provides 0 fees for Withdrawals ?
Post by: damsix on March 05, 2021, 01:54:45 AM
I trade on Binance a lot and I am surprised when I will Arbitrate using the Binance United State Dollar or BUSD for a fee of 0.
I thought this was an event that Binance held only for a few hours but until now on my Binance account it is still listed with a fee of 0 for BUSD Withdrawl.
This is really amazing from Binance because maybe this is a bonus for us as a result of trading BUSD in various markets.

Please check the screenshot evidence below :

(https://i.imgur.com/tkSifVf.jpg)
Title: Re: Binance USD provides 0 fees for Withdrawals ?
Post by: Review Master on March 05, 2021, 02:53:23 PM
It's just one kind of marketing strategy to rank up in the war of stablecoin as tron based USD is the most famous stablecoin to do transection or withdrawals from any exchange. Recently, binance incrased the fee amount of USD (TRC20) after last system upgrade and more likely, team decrase the fee amount of BUSD so that more and more users might use BUSD instead of USD (TRC20).  At the end, lets see what will be in the top position in this battle of stablecoin.  ;)
Title: Re: Binance USD provides 0 fees for Withdrawals ?
Post by: IyemRoker on March 06, 2021, 03:22:22 AM
Quote from: Review Master on March 05, 2021, 02:53:23 PM
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I think too with you because in my opinion it is an event for BUSD to continue to expand widely in stable coins.
This is the result of Changpeng Zhao's very clever thinking because in this way, BUSD will be widely used throughout the cryptocurrency market.
I assume that maybe in the future BUSD will beat the market cap of USDC because the difference between these two coins in the ranking is very close.
Title: Re: Binance USD provides 0 fees for Withdrawals ?
Post by: masudginanjar on April 07, 2021, 12:54:46 PM
Indeed, Binance is very worthy of support, there are many events that are presented by Binance and are able to raise so much money on their platform.
I often see the Binance app because I trade there often and I see almost once a month there is an IEO, Launchppad and Launchpool.
The three events collect BNB to hold and of course this also affects BUSD (Binance USD) which gives a 0 fee event for withdrawal transactions from exchange.
Title: Re: Binance USD provides 0 fees for Withdrawals ?
Post by: robert20 on April 08, 2021, 02:23:07 PM
This is just a marketting strategy to promote their token and platfor.
Most of the exchanges doesn't provide trading pairs for BUSD they use USDT if you want to use USDT you can use the Tron Chain version of it. Tron based USDT needs a very low fee to transfer you should use that instead of BUSD.
Title: Re: Binance USD provides 0 fees for Withdrawals ?
Post by: aiviaa485 on April 11, 2021, 02:03:48 AM
I was curious about what the owner of this thread had mentioned and I went straight to the Binance application and opened it, the result was very surprised because the fee for BUSD transactions is 0 if using the BEP20 (Binance Smart Chain) network.
I am also very impressed with the development that has been happening to Binance for being able to provide such a gift and we really appreciate it, thanks Binance.