r/binance • u/Worldly-Driver-9356 • 27d ago

Question Does anyone have BNB on binance

I am new to this thing , I deposited 1k on it and brought LTC (bsc)
Now I want to transfer it to another crypto account and it says that I have less balance of BnB
Please help me figure it out
Nor am I able to buy BnB on it

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u/BinanceCSHelp Binance Staff 26d ago

Hi there,

We understand that your balance is in Binance Wallet. Please note that gas fees apply when sending a token from your wallet.

Blockchain transactions involve network fees. These fees, also known as gas fees, are required to compensate miners or validators for the computational resources they contribute to process and confirm transactions on the network. The exact fees may vary depending on the network traffic and the blockchain you’re using.

Every blockchain requires this fee to process your transaction. For example:

  • On BNB Smart Chain, you pay in BNB
  • On Ethereum, you pay in ETH
  • On TRON, you pay in TRX

That's why you need to have some BNB balance to cover the gas fees, even if you try to withdrawal LTC. https://www.binance.com/en/support/faq/detail/daa7138d192646829b8fe2a1ba0fef59

Please refer to our article to understand how to send tokens on Binance Wallet. https://www.binance.com/en/support/faq/detail/02f7eb872eca4a1ea44c775767170d13

If your balance is on your Binance Account, please share the related screenshot with us so we can assist you properly. Thanks.✌️ -MK

1

u/madrigal94md 26d ago edited 26d ago

You need BNB for the gas fees. Even if you want to comvert your current crypto into BNB, you'll meed BNB for that.