Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The company was founded in 2017 and is headquartered in Malta.
Binance has grown exponentially since its launch, and is now one of the largest cryptocurrency exchanges in the world.
Binance does not charge any fees for deposits. However, withdrawals are subject to a fee depending on the cryptocurrency being withdrawn. For example, the fee for withdrawing Bitcoin is 0.001 BTC, and the fee for withdrawing Ethereum is 0.
01 ETH. There are also minimum withdrawal amounts that must be met in order for a withdrawal to be processed.
Cryptocurrency deposits and withdrawals are subject to network fees. Network fees are incurred when a transaction is broadcast to the blockchain network.
These fees go to the miners who confirm transactions on the network. Binance does not control or set these fees, and they will vary depending on network conditions at the time of the transaction.
In conclusion, Binance does not charge any fees for deposits, but withdrawals are subject to a fee. Network fees are also incurred when making cryptocurrency deposits and withdrawals.