Why do Binance withdrawals cost 50,000 sats?
I use Binance US and I appreciate how low the exchange rates are, but withdrawals are very expensive. How do I remedy this situation? I want to put my BTC stash into BlockFi to earn interest, but it’s not worth it if Binance’s fees are so high.
I bought from other exchanges like Coinbase and the wallet transfer fees are pretty close to any private wallet transfer fees.
To make money and incentive to keep your money on the platform so they can leverage it.
is BlockFi safe to lend ? what % would we get back each month are the funds insured ? like in case of hack would the funds be backed up ?