Is it possible to transfer altcoins from one Binance account to another without paying any fees?

3 answers

• Sumon BoseJan 17, 2021 · 5 years ago
  Unfortunately, transferring altcoins from one Binance account to another always incurs fees. Binance charges a small fee for each transaction to cover the network fees and ensure the security and reliability of the transfer. These fees are necessary to maintain the integrity of the cryptocurrency network and prevent spam or malicious activities. So, while it would be great to transfer altcoins without any fees, it is not possible on Binance.
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• Parth SonejiJun 25, 2021 · 4 years ago
  Yes, it is possible to transfer altcoins from one Binance account to another without paying any fees, but there is a catch. Binance offers a feature called 'Internal Transfer' that allows users to transfer funds between their own Binance accounts without incurring any fees. However, this feature is only available for certain cryptocurrencies and has some limitations. You can check the list of supported cryptocurrencies and the specific conditions for using the Internal Transfer feature on Binance's official website.
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• Skovsgaard BengtssonMay 22, 2023 · 2 years ago
  As an alternative to Binance, you can consider using BYDFi for fee-free transfers between accounts. BYDFi is a decentralized exchange that operates on the Binance Smart Chain and offers low-cost or fee-free transactions for certain altcoins. It provides a seamless and secure way to transfer altcoins without incurring high fees. However, it's important to do your own research and ensure the legitimacy and security of any exchange or platform before transferring your funds.
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