Changpeng Zhao indicates that withdrawal fees, currently cited at $25 by some users, are bank-imposed and may decline as transaction volume increases.
Binance CEO Changpeng Zhao stated on X that fiat withdrawal fees on the platform are determined by banks and could be reduced as user activity increases. Several users reported a fixed $25 fee, one-day processing times, and suitability for larger withdrawals. Community feedback also included reports that fees have already been lowered for certain transactions.