Withdrawal fees getting ridiculous

So Binance's fees have doubled. Days ago the flat fee to withdraw BTC was 0.0005, now at 0.001.

It was expensive already but it will soon (already?) become prohibitive for most users. What I think is the worst part is that, by doing this, they make it less likely for users to withdraw (or wait longer between withdrawals) and the exchange will be in control of even a greater proportion of the circulating supply.

I understand this won't affect larger players, but it certainly hurts the retail investor.

Do you know how responsive is Binance to user feedback? Probably they won't care but in the end they might lose retail users to other exchanges. Or maybe not as they are the largest exchange ?


submitted by /u/VeloBoulot
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *