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Anonymous

20 May 2021

Cryptocurrency

Transfer from Ledger to Binance Sg, fees

I'm a newie needing advice as I couldn't find much help on the web. I have a Ledger nano and I wonder how much is the transaction fees for transfer from the cold wallet to Binance Sg (I want to sell my very small amount of Bitcoins). Yes, I can transact on Ledger itself but the previous fees (from Binance to Ledger) was sky high and I'm guessing it won't be cheap. Appreciate any advice. Thanks!

Discussion (1)

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You can set custom fees to transfer out from your wallet on ledger. But do note, the lesser the fees, the slower the transaction. You can check this (https://mempool.space/) to see the traffic of the network and gauge how much fees to use.

To understand mempool, check this out (https://99bitcoins.com/bitcoin/mempool/)

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