What are the fees involved in transferring Waves to Binance?

3 answers

• Sagar PadiaJun 14, 2020 · 5 years ago
  When transferring Waves to Binance, you need to consider two types of fees: network fees and exchange fees. Network fees are the charges associated with the Waves blockchain network for processing and confirming the transaction. These fees vary depending on the network congestion and can be viewed on the Waves network explorer. On the other hand, Binance charges an exchange fee for depositing Waves into your Binance account. The exchange fee is a percentage of the total amount being transferred and is deducted from the deposited amount. It's important to check Binance's fee schedule for the exact percentage charged for Waves deposits.
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• Raj KiranJun 05, 2024 · a year ago
  Transferring Waves to Binance involves network fees and exchange fees. The network fees are determined by the Waves blockchain network and can fluctuate based on the network's congestion. You can check the Waves network explorer for the current network fees. As for the exchange fees, Binance charges a percentage fee for depositing Waves into your Binance account. The exact percentage can be found in Binance's fee schedule. It's recommended to review the fee schedule before making the transfer to understand the costs involved.
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• Jar JarAug 02, 2022 · 3 years ago
  When transferring Waves to Binance, you'll encounter network fees and exchange fees. The network fees are determined by the Waves blockchain network and can vary depending on the network's activity. Binance, as a third-party exchange, charges an exchange fee for depositing Waves into your Binance account. The exchange fee is a percentage of the total amount being transferred and is deducted from the deposited amount. To find the exact exchange fee percentage, you can refer to Binance's fee schedule. Keep in mind that fees may change over time, so it's always a good idea to check the latest fee information before initiating the transfer.
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