User Volume Drives Down Costs
Following user concerns about high fiat withdrawal fees on Binance, former CEO CZ clarified that the service is still in its early stages, with liquidity and operational efficiency expected to improve over time.
He emphasized that current fee levels are largely influenced by banking-side settlement charges. However, as adoption grows, the platform's negotiating power and transaction efficiency will rise, enabling cost distribution across more users.
Bulk Withdrawals Offer Better Value
- Some users report a fixed $25 fee option ideal for large withdrawals
- Funds typically arrive within 24 hours
- Higher withdrawal amounts result in lower relative fees
This reflects a common phase for crypto platforms building compliant off-ramps. As usage consolidates, economies of scale could reshape pricing, delivering more cost-effective solutions for global fund transfers.