Re:Temporary pause of Bitcoin withdrawals on Binance
by yunohn on Tuesday June 14, 2022 @01:06AM
(#31734944)
Sure, that’s technically feasible if you’re willing to pay all the greedy fees.
Here’s how it looks for me using Coinbase:
- On-ramp (fiat to CEX-fiat): 0.15€ flat
- Conversion (CEX-fiat to CEX-crypto): ~4%
- Self-custody (CEX-crypto to wallet-crypto): Depends on coin, average ~10€ flat
And if I want to off-ramp, I need to follow all these steps in the opposite order.
Meanwhile, atleast in the non-US countries I’ve lived in, all fiat transactions are free. I can top-up my bank account, send digital money to others, withdraw fiat, etc etc with ZERO fees.
Here’s how it looks for me using Coinbase:
- On-ramp (fiat to CEX-fiat): 0.15€ flat
- Conversion (CEX-fiat to CEX-crypto): ~4%
- Self-custody (CEX-crypto to wallet-crypto): Depends on coin, average ~10€ flat
And if I want to off-ramp, I need to follow all these steps in the opposite order.
Meanwhile, atleast in the non-US countries I’ve lived in, all fiat transactions are free. I can top-up my bank account, send digital money to others, withdraw fiat, etc etc with ZERO fees.