MultiversX Tracker is Live!

Does "Zero Fees" on SWIFT deposits mean that Binance absorbs the SWIFT fee or just that there is no additional fee?

Binance

Cryptocoins Exchanges / Binance 167 Views

The SWIFT system itself has a fee that depends on the bank, but at the same time, this is on the Binance FAQ:

Deposits will need to be made in USD via SWIFT transfer to Binance’s bank account in the U.S. and your Binance account will be credited with BUSD at a 1:1 ratio. For each transaction, the deposit and withdrawal transaction fees are US$0 (waived) and US$15 respectively.

So does that imply that Binance subsidizes that fee or am I misunderstanding something?

submitted by /u/Aplietexe
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments