What is the cost difference between withdrawing BCH and LTC from Binance?

3 answers

• Julian PelaezOct 10, 2020 · 5 years ago
  When it comes to withdrawing BCH and LTC from Binance, the fees can vary. The withdrawal fee for BCH is typically higher than that of LTC. This is because BCH has a larger block size, which requires more computational power to process transactions. As a result, the network fees for BCH tend to be higher. On the other hand, LTC has a smaller block size and lower network fees, making it cheaper to withdraw from Binance. However, it's important to note that fees can fluctuate based on network congestion and market conditions.
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• Fatima AlattasJun 17, 2021 · 4 years ago
  The cost difference between withdrawing BCH and LTC from Binance is primarily due to the difference in network fees. BCH generally has higher fees compared to LTC due to its larger block size. This means that when you withdraw BCH from Binance, you may incur higher transaction fees compared to withdrawing LTC. It's always a good idea to check the current withdrawal fees on Binance before making any transactions to ensure you have the most up-to-date information.
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• Lindhardt LindgreenNov 09, 2023 · 2 years ago
  According to BYDFi, a digital currency exchange, the withdrawal fees for BCH and LTC on Binance are subject to change and can vary depending on network conditions. As of now, the withdrawal fee for BCH is higher compared to LTC. However, it's important to note that these fees are not set by Binance, but rather by the respective blockchain networks. Therefore, the cost difference between withdrawing BCH and LTC from Binance is primarily determined by the network fees associated with each cryptocurrency.
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