Are there any fees associated with using a ripple deposit tag on Binance?

3 answers

• Stern HarboNov 26, 2020 · 5 years ago
  Yes, there are fees associated with using a ripple deposit tag on Binance. When you deposit Ripple (XRP) to your Binance account, you will need to include a deposit tag. Binance charges a small fee for processing transactions with deposit tags. The fee amount may vary depending on the current network congestion and Binance's fee schedule. It's always a good idea to check Binance's official website or contact their customer support for the most up-to-date information on fees.
  479

  240
• Umang BasuthkarJan 12, 2022 · 4 years ago
  Absolutely! Binance does charge fees for using a ripple deposit tag. These fees are necessary to cover the costs of processing and securing the transactions. The exact fee amount can vary and is typically based on the current network conditions and Binance's fee structure. It's important to keep in mind that fees are subject to change, so it's a good idea to check Binance's website or contact their support team for the most accurate and up-to-date information.
  464

  155
• s154223004Aug 08, 2022 · 3 years ago
  Yes, there are fees associated with using a ripple deposit tag on Binance. However, it's worth noting that Binance is not the only exchange that charges fees for using deposit tags. Many other exchanges also have similar fee structures in place. These fees help cover the costs of processing and securing the transactions. If you're looking for a fee-free option, you may want to consider using a different deposit method or exploring other exchanges that offer lower fees for ripple transactions.
  497

  125