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Binance Raises Withdrawal Fees For Crypto Assets On Tron Network

Crypto exchange Binance on Friday announced raising withdrawal fees for all major cryptocurrencies on the Tron (TRX) network.

According to an official announcement on February 10, Binance will be adjusting withdrawal fees on the Tron (TRX) Network based on Proposal 83 passed by the community last month.

As per Proposal 83, a mechanism to perform dynamic regulation of energy in contracts to balance the distribution of energy among contracts is introduced on the Tron network. The energy consumption of a contract will adjust dynamically according to its execution resource usage.

TRX withdrawal fee increases from 1 to 15 TRX. Meanwhile, other crypto assets on the Tron network such as BTTC, JST, NFT, SUN, and WIN have withdrawal fees of an equivalent of 40 TRX.

(By Varinder Singh)

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