Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
*All applicable fees (or fee waivers) and the related exchange rates will be automatically taken into account and clearly displayed for your review before any transaction is made.
1. Sending Crypto to another user using Binance Pay
From 20 July 2023, a platform fee will be imposed on senders for each transaction initiated once the total monthly aggregate amount surpasses the threshold specified below.
Fee Schedule:
Threshold amount = amount equivalent to the value of 140,000 USD based on the then prevailing rates
Total Monthly Aggregate Amount Sent by the Sender
Applicable Platform Fee*
Less than or equal to the threshold amount
0
More than the threshold amount
1 USD equivalent per transaction
How can I check my monthly sent amount?
Via Binance App:
1. Select [Pay] - [Settings] - [My Pay Limits].
Via Binance Web:
1. Select [More] on the main navigation bar (top).
2. Click [Pay] to go to the Binance Pay dashboard.
3. You can check your monthly send amount by clicking [Pay Limit].
2. Sending Crypto using “Send Cash” (P2P)
From 24 July 2023, fixed transaction fees will be applicable for specific regions:
Single Transaction Amount (USD)
Transaction Fee (USD)
Less than 100 USD
0.5
100 USD or more
1
Note: The platform fees mentioned above are calculated based on your real-time transaction details. They are then displayed in your transfer currency after conversion, using the real-time exchange rate.
In case of a failed transaction, both the payment amount and transaction fee will be refunded to your Funding Wallet as cryptocurrency.
3. Sending Crypto using “Send Cash” (Service Provider)
Fixed transaction fees will be applicable for specific regions :
Fee Components
Amount (USD)
Fees chargeable by the service provider for performing the transaction on your behalf
Amount varies depending on region and transaction amount
In cases where you’re eligible for a refund, or the service provider notifies us of an unsuccessful transfer attempt, both the payment amount and transaction fee will be refunded to your Funding Wallet as cryptocurrency.
4. Sending Crypto from Pay account to a DeFi wallet
When transferring from your Binance Pay account to a DeFi wallet, both Network and Platform fees apply:
Network Fees: Incurred when transferring crypto to a wallet address outside of Binance. These fees depend on certain factors, such as service maintenance and network status.
Network fees are paid to miners or validators who are responsible for processing the transactions and securing the respective blockchain network. This ensures that your transactions are processed.
Please note that network fees fluctuate based on current network conditions and may change unexpectedly due to congestion.
Platform Fees: Imposed by Binance when you transfer crypto from your Binance Pay account to a DeFi wallet. A variable service fee is applied based on the target network. The fee is charged as shown below:
Network
Fee (USD)
BNB Smart Chain (BEP-20)
50% of the BNB’s Binance withdrawal fee per transaction (capped at 10 USDC equivalent per transaction)
OPBNB
50% of the BNB’s Binance withdrawal fee per transaction (capped at 10 USDC equivalent per transaction)
Others
80% of the selected network’s Binance withdrawal fee per transaction (capped at 10 USDC equivalent per transaction)
Note: The platform fees mentioned above are calculated based on your real-time transaction details. They are then displayed in your transfer currency after conversion, using the real-time exchange rate.
To learn more about other Binance Pay products, visit Binance Pay FAQs.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Please fund your wallet and perform your transactions cautiously. Not financial advice. For more information, see our Terms of UseBinance Pay Terms of Use and Risk Warning.
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
1. Mini Program (MP) Platform Services Fee
Effective 28 January 2024, Mini Program merchants will need to hit a minimum transaction volume or a quarterly fee will be imposed.
Tier
MP Transaction Volume
Fees
A
90K USD and above or equivalent per previous quarter
1% transaction fee
B
Below 90K USD or equivalent per previous quarter
1% transaction fee + $1000 minimum monthly fee
2. Payout Fees
Effective 1 December 2024, Binance Payouts will be chargeable. Each transaction is charged at 0.80% of the transaction amount and will be capped at 5 USD or equivalent.
To learn more about other Binance Pay products, visit Binance Pay FAQs.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Please fund your wallet and perform your transactions cautiously. Not financial advice. For more information, see our Terms of UseBinance Pay Terms of Use and Risk Warning.
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