Binance Reduces USD Withdrawal Fees via SWIFT Bank Transfer

According to the announcement from Binance, the platform has implemented a significant reduction in transaction fees for USD withdrawals via SWIFT bank transfer. This change is effective immediately and applies to both retail and corporate users. The withdrawal fee for direct USD transfers through SWIFT has been lowered from $60 to $25 per transaction. This adjustment reflects Binance's ongoing commitment to enhancing user experience and accessibility. Binance has emphasized that USD deposits via SWIFT bank transfer will continue to incur no fees on their platform. However, users should be aware that local banks may still impose their own fees on these transactions. This initiative is part of Binance's broader strategy to offer more cost-effective and seamless financial services to its users. The reduction in fees is expected to benefit users by making transactions more affordable and accessible, aligning with Binance's goal of improving financial inclusivity. The announcement also highlights Binance's dedication to providing efficient services, although it notes potential discrepancies between the original English content and any translated versions. Users are advised to refer to the original English version for the most accurate information. This fee reduction is part of Binance's efforts to streamline financial operations and enhance the overall user experience on its platform. The company remains focused on delivering value to its users through strategic adjustments and improvements in its service offerings.