Coinbase charged me ~$0.08 in gas fees to send 50 of USDT on the ERC-20 network to Binance US. Now, to withdraw the 50 USDT, Binance US wants to charge me 12.5 USDT.
I spent 45 minutes on support and they refused to tell me how the fees are calculated. They tried to say it varies depending on the network congestion, but the price to withdraw over the last 48 hours has only ever varied by 0.009 USDT or less, so the majority of this fee is clearly something arbitrary that Binance is adding.
Why was it so cheap to withdraw from Coinbase but so expensive from Binance US?
submitted by /u/onewander
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