Hey guys! How is it working: I have 1 eth on binance and want to withdraw it to my personal wallet. And I exactly receive 1 eth, no fees are charged. How binance is doing that? Is some smart contract used?
Nov 29, 2021, 10:36 PM
You can see some info from bscscan. Search for your address and go from there.
Nov 29, 2021, 10:43 PM
How is that related if initially I deposited eth and withdrawing eth?
I mean why and how there can bsc chain be used?
Nov 29, 2021, 10:46 PM
Binance is a cex
They make the transaction, not you
They decide how mucb you'll get and how much fee should be charged
Nov 29, 2021, 10:50 PM
But I mean I want to deposit the amount like 5$ to binance with transfer fees of 10$. I need to pay 15$ in eth in general.
They generate for me some empty eth address where I should send my 5$. Now there is only 5$. And then I gonna withdraw it to my wallet. I should receive 5$. But transfer fee is 10$. But binance does allow doing it. Does it mean I will receive 0$ in my transaction?
How it works?
They generate for me some empty eth address where I should send my 5$. Now there is only 5$. And then I gonna withdraw it to my wallet. I should receive 5$. But transfer fee is 10$. But binance does allow doing it. Does it mean I will receive 0$ in my transaction?
How it works?
Nov 29, 2021, 10:55 PM
They will probably show you that "we will substract this much as fees" while withdrawing
Nov 29, 2021, 10:56 PM