why can't I send my coins to binance?
You may have to pay a fee to send them... 👽👽
Fees in cryptocurrency trading can be percentage-based on the transaction value, or fixed, depending on the exchange and the cryptocurrency.
There are also volume discounts and VIP programs that can reduce fees.
Types of fees:
Transaction fees:
These are the fees paid to include a transaction in a block on the blockchain. They can vary based on the network and the urgency of the transaction.
Trading fees:
These are the fees charged by the exchange for allowing you to make transactions. They can be percentage-based (Maker/Taker) or fixed.
Deposit/withdrawal fees:
Some exchanges may charge fees for depositing or withdrawing cryptocurrencies.
Network fees:
These are the fees paid to the network miners to validate and record transactions.
