Monero bulletproof update causes Binance to drastically lower transaction fees

26 Oct, 2018
by Ryan Boltman
News
Monero bulletproof update causes Binance to drastically lower transaction fees

Binance has announced the decrease in withdrawal fees to Monero ($XMR) following the successful implementation of the 'bulletproofs'

The update sees Binance announce the lower transaction fees for the project stating "With the recent activation of Bulletproofs on #Monero, #Binance has lowered #XMR withdrawal fees to 0.0001 $XMR. Thank you to the community for your feedback"

The bulletproofs update sees Monero transaction fees plummet from an average of $0.60 per transaction to a mere $0.02, a 30x decline in transaction fees which will have many smiling! 

$XMR is still known as one of the favourite privacy coins in the market and currently sits #10 on Coinmarketcap with a current valuation of $1.7 billion. 

Recap: Monero's update has been a hit with users: Bull run coming?

Bittrex has also announced the new withdrawal fee due to the Monero update:

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Read more about: Monero (XMR) Binance

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