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TRON founder seeks to reduce withdrawal fees after fee hike on Binance

Published date:

February 2, 2026

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Justin Sun, the founder of TRON, announced that the firm is working with Binance to reduce the withdrawal fees on TRON tokens following a fee hike on Binance's platform.

At the beginning of February, the TRON community approved Proposal 83 to enable a dynamic energy model.

On February 10, Binance said it will increase the withdrawal fees for coins that operate on the TRON Network. The exchange cited the approval of Proposal 83 as the reason behind the spike in fees. The tokens affected by the fee hike included TRON (TRX), BitTorrent (BTT), Sun Token (SUN), JUST (JST), and WINkLink (WIN), among others.

We are working closely with #Binance and actively exploring solutions that would reduce withdrawal fees of #TRON stablecoins and tokens on the exchange.

We remain committed to making crypto trading more affordable for everyone.
— H.E. Justin Sun₮ (@justinsuntron) February 11, 2023

In response, Justin Sun reassured the crypto community that TRON is exploring solutions to reduce the fee spike on Binance.

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Soon after the founder of TRON posted the tweet, Binance stated that the exchange will revert the fees to previous levels, adding,

“Following feedback from the community on the adjustments made to withdrawal fees on TRON network, Binance has worked with the TRON project team to arrive at a solution for reducing withdrawal fees on TRON network.”

The price of the TRX token plunged to a 7-day low after Binance announced the fee hike. The coin's price has now stabilized and is up by 0.67% in the last 24 hours.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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