According to @binance, SWIFT USD withdrawal fees are reduced to $25 from $60 for all retail and corporate users, while SWIFT USD deposits remain free. Source: Binance tweet https://twitter.com/binance/status/2013220233822020048 and Binance support announcement https://app.binance.com/support/announcement/detail/ec128eef73b14bd093e1f17fdb1d7608 For trading operations, this lowers fiat off-ramp costs by $35 per withdrawal versus prior pricing, making a round-trip SWIFT USD deposit-plus-withdrawal cost $25 instead of $60 based on the updated fee schedule. Source: Binance fee change as announced above.

According to Eric Balchunas on Twitter, determining a fair transaction fee when purchasing $3000 worth of Bitcoin on a new crypto exchange account is a key concern for traders. Industry standards show that leading platforms like Coinbase and Binance typically charge between 0.1% and 1.5% per transaction, depending on payment method and account tier (source: Coinbase Fee Schedule, Binance Fee Structure). For a $3000 Bitcoin purchase, this means a reasonable fee would range from $3 to $45. Traders are advised to compare fee structures and consider exchange liquidity, as lower fees can significantly improve entry prices and overall profitability, especially for larger transactions. Choosing exchanges with transparent, competitive fees is essential for optimal crypto trading outcomes (source: Eric Balchunas Twitter, Binance, Coinbase).