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PSA: Binance.us quietly killed no-fee BTC/USDT trades

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PSA: Binance.us quietly killed no-fee BTC/USDT trades

I was getting ready to make a buy on Binance.us today (I know people aren't always huge fans but I have always appreciated their no-fee BTC/USD and BTC/Stablecoin pairs.) For kicks I thought I would check to make sure that BTC/USDT was still a tier 0 pair as tier 0 pairs are not charged a commission. Imagine my surprise when I saw this:

https://preview.redd.it/lbk6bjuq4ngc1.png?1407&format=png&auto=webp&s=2303b4533741f36ce8afb3bb177a04fcd11ac489

As you can see, they terminated BTC/USDT as one of their two remaining tier 0 pairs on January 23. Looking at their tiers confirms this:

https://preview.redd.it/vtoueuaa5ngc1.png?556&format=png&auto=webp&s=1821f2d03c5aaceea9a2f46dc2b879dcdd41d3a1

I don't mind using USDC instead of Tether; in fact I prefer it. But I do think it's unfortunate that Binance.us didn't send out a notification about this.

When I made my first BTC purchase a friend of mine told me "don't trust anyone in crypto." This was a good reminder for me. Exchanges are not your friends and are not looking out for your best interests.

submitted by /u/MalletSwinging
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