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Are there any fees involved in converting Litecoin to Bitcoin on Binance?

avatarCooley BermanDec 15, 2021 · 3 years ago3 answers

I'm planning to convert my Litecoin to Bitcoin on Binance. Can you please let me know if there are any fees involved in this conversion?

Are there any fees involved in converting Litecoin to Bitcoin on Binance?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees involved when converting Litecoin to Bitcoin on Binance. Binance charges a trading fee of 0.1% for each transaction. Additionally, there may be network fees associated with the transfer of Litecoin and Bitcoin between wallets. It's important to consider these fees when planning your conversion.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! When you convert Litecoin to Bitcoin on Binance, there will be fees involved. Binance charges a trading fee of 0.1% for each transaction. In addition, you may also incur network fees for the transfer of Litecoin and Bitcoin. Make sure to take these fees into account before making your conversion.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees involved in converting Litecoin to Bitcoin on Binance. Binance charges a trading fee of 0.1% for each transaction. However, if you hold BNB (Binance Coin) in your account, you can use it to pay for the trading fees and get a discount. This can help reduce the overall fees for your conversion.