Binance Reduces Withdrawal Fees

The Chief Executive Officer of Binance announced that ERC20 token withdrawal fees have been reduced by 25% on the exchange
27 February 2018   461

Binance cryptocurrency exchange is known for its low trading fees as well as its fast transaction processing.

Zhao Changpeng, the CEO of China-based cryptocurrency exchange Binance, has announced that the exchange has reduced the withdrawal fees for all its ERC-20 tokens by 25%, but those fees will be dynamically adjusted over time.

Binance to reduce withdrawal fees twitter announcement
Binance CEO Announcement in Twitter

It is worth noting that on February 9 we have published the info that one of the most fast growing cryptocurrency exchange, Binance, reported on the completion of its system update.

Binance trading volumeBinance trading volume at the moment of press

At the moment of writing, the users are actively trading such cryptocurrencies as Bitcoin, Nano, Ethereum, NEO, Litecoin, Nucleus Vision on Binance.

Binance to Donate $1M to Japanese Flood Victims

Changpeng Zhao called cryptocurrency community for donations
09 July 2018   363

Binance, the largest in terms of trade transactions, has donated $ 1 million to flood victims in Japan, and invites other companies and individuals to join the charity initiative.

Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.

Changpeng Zhao

CEO, Binance

Changpeng Zhao noted that the exact scheme for transferring funds to the flood victims will be determined in the very near future. Those who also want to make a donation, are invited to a Twitter reply, while such a gesture of good will will be taken into account when considering their coins listing on Binance. Such a donation can be done in ETH or ERC-20 tokens.

A major flood in Japan this week was caused by a typhoon that caused heavy rainfall. According to themedia, as of Monday mornng the number of deaths due to torrential rains and landslides reached more than 100 and many are reported missing.