#GasFeeImpact you want buy

withdraw cryptocurrencies from Binance to an external wallet, or transfer them between different blockchain networks supported by Binance, you'll typically incur gas fees.

* These fees are paid to the blockchain network, not directly to Binance, although Binance facilitates the transaction.

* Trading:

* While basic trading on Binance's centralized exchange (CEX) doesn't directly involve gas fees, interacting with decentralized finance (DeFi) applications or transferring assets to and from blockchain networks through Binance does.

* BNB Chain:

* Binance is closely associated with the BNB Chain, so fluctuations in BNB gas fees directly affect transactions on that network.

* User Experience:

* High gas fees can deter users from making frequent or small transactions, impacting the overall user experience on Binance, especially for those engaging in DeFi or frequent withdrawals.

* Network Congestion:

* When networks like Ethereum are congested, this causes very high gas fees, which can make using any platform that uses that network, including binance, very expensive.