According to the announcement from Binance, the platform has implemented a significant reduction in transaction fees for USD withdrawals via SWIFT bank transfer. This change is effective immediately and applies to both retail and corporate users. The withdrawal fee for direct USD transfers through SWIFT has been lowered from $60 to $25 per transaction. This adjustment reflects Binance's ongoing commitment to enhancing user experience and accessibility.
Binance has emphasized that USD deposits via SWIFT bank transfer will continue to incur no fees on their platform. However, users should be aware that local banks may still impose their own fees on these transactions.
