Does withdrawing USDT using Binance Smart Chain Network make fees cheaper on Binance?

[King Belieal]

My friend just told me a trick that if one wants to pay less fees withdrawing USDT from Binance, they should use the Binance Smart Chain ass the network.

How true is that?

 

[Stardom22]

For me l have never tried out that venture before. I have in fact heard of something like that one day.

 

[riberet19]

I think with BUSD this is true as it would save you fees, as far as I understand, with USDT I don't know for sure.

 

[Stardom22]

For me l have never used the Binance smart chain network to make a withdrawal. I am very used to the p2p withdrawal type of transactions.

 

[Xtynehappy]

I don't think whether that is true. Because l have never witnessed that l must say.

 

[Suba]

I also heard the same thing, especially if you are spinning BNB coin then BEP20 based USDT transaction will be very cheap even almost zero, but you must always remember that the recipient USDT address must also be based on the BSC network.

 

[Stardom22]

I think that the experience is the best teacher. One needs to try out that one with the minimum amount and try to find out for that matter.

 

[Fidelia]

BEP20 based transactions are known to be generally very cheap on Binance for tokens supported by the network. It is true that using it to withdraw USDT would be lowered fees.

 

[kerryjoy]

Using Binance Smart Chain (BEP20) for USDT withdrawals is true—it usually offers lower transaction fees.

 

[Stardom22]

The most most common method l use is the Binance p2p which is very convenient for me

 

[Augusta]

For me l have never used the Binance smart chain network to make a withdrawal. I am very used to the p2p withdrawal type of transactions.

Same I'm yet to try with the network so I don't really know about the fees being cheaper but if it is true then it is all good