<p>It sounds to me that the differing fees stem from a qualitative difference in what you are being offered. The &quot;withdrawal over the Binance network&quot; provides you an IOU for Bitcoin. If you want to take possession of the actual bitcoins on your Trezor, you will need to chose the Bitcoin withdrawal method. This is more expensive, because it requires an on-chain transaction to be committed to the Bitcoin blockchain.</p>

CC BY-SA 4.0
2021-02-04T17:18:20.940Z
2021-02-04T17:18:20.940Z
Murch
<p>The BTC withdrawal fee in Binance (and pretty much every other exchange) is 0.0005 BTC - very high. However, if you do the withdrawal over their Binance network then the fee is only 0.0000014 BTC (a mere fraction!). Question is, can that network be used to withdraw &quot;pure&quot; BTC? How? The address I have on my (Trezor) cold wallet is a SegWit address which apparently doesn't fit the criteria.</p>
<p>Also, if it's stored in a separate network, does that mean that I'll only be able to sell my BTC via Binance?</p>
<p>Many thanks.</p>

<transaction-fees><withdrawal><binance><binance-coin>
Moving BTC to cold wallet over Binance
seneca
# Moving BTC to cold wallet over Binance

(Asked by: username_0 on 2021-02-04)

The BTC withdrawal fee in Binance (and pretty much every other exchange) is 0.0005 BTC - very high. However, if you do the withdrawal over their Binance network then the fee is only 0.0000014 BTC (a mere fraction!). Question is, can that network be used to withdraw "pure" BTC? How? The address I have on my (Trezor) cold wallet is a SegWit address which apparently doesn't fit the criteria.

Also, if it's stored in a separate network, does that mean that I'll only be able to sell my BTC via Binance?

Many thanks.

**Tags:** transaction-fees, withdrawal, binance, binance-coin


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## 1 answers

### Answer by username_1 on 2021-02-04. Score: 1

It sounds to me that the differing fees stem from a qualitative difference in what you are being offered. The "withdrawal over the Binance network" provides you an IOU for Bitcoin. If you want to take possession of the actual bitcoins on your Trezor, you will need to chose the Bitcoin withdrawal method. This is more expensive, because it requires an on-chain transaction to be committed to the Bitcoin blockchain.


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