BNB Chain Launches Gas-Free Carnival to Eliminate Transaction Fees for Stablecoin Transfers

BNB Chain launched the Gas-Free Carnival to eliminate transaction fees for stablecoin transfers. The initiative is one of several efforts to streamline movement

The BNB Chain Gas-Free Carnival aims to eliminate transaction fees for stablecoin transfers on the network.

Those transferring stablecoins can enjoy zero-fee withdrawals from major crypto exchanges to Binance Smart Chain (BSC) and Optimistic BNB Chain (opBNB).

The initiative is part of a wider effort by BNB Chain to streamline movement of assets and boost activity on the network.

As part of the Gas-Free Carnival campaign, users can withdraw stablecoins from several centralized exchanges (CEXs) to BSC or opBNB without paying any withdrawal fees.

The initiative is a joint effort by BNB Chain and several leading cryptocurrency exchanges, including Binance, Bitget, and MEXC.

CEX users can now withdraw stablecoins for free to BSC and opBNB. Partners like Binance, Bitget, and MEXC are applying a special rate on their standard withdrawal fees for the campaign period.

For example, Binance members are able to withdraw USDT, USDC, or FDUSD in amounts higher than $20 per transaction to BSC or opBNB absolutely free. Other trading platforms, such as MEXC and Bitget, have a much lower requirement at a minimum deposit of $10.

Those transferring smaller amounts may still be subject to a small fee, which will vary depending on the exchange.

Here are some examples of the minimum withdrawal requirements from each CEX:

* Binance: Minimum withdrawal amount: $20

* Bitget: Minimum withdrawal amount: $10

* MEXC: Minimum withdrawal amount: $10

It is important to note that the minimum withdrawal requirements may apply to transfers from one user’s account at the CEX to another user’s account on either BSC or opBNB.

If transferring from one chain to another, there may be additional stipulations.

Also, those transferring from their CEX account to their own personal web3 wallet will still be liable for the gas fees to withdraw from the exchange.

Those transferring from their CEX account to their own personal web3 wallet will still be liable for the gas fees to withdraw from the exchange.

Applicants are advised to verify particular details with each CEX before withdrawing.

BNB Chain Supports Gas-Free Stablecoin Transfers Between Top Wallets

As part of the Gas-Free Carnival initiative, BNB Chain is also financially supporting several leading Web3 wallets to facilitate no-cost stablecoin transfers.

The initiative is part of a wider effort by BNB Chain to reduce the cost of using Web3 and make it more accessible to a wider range of people.

In addition to the zero-fee stablecoin withdrawals from major crypto exchanges, BNB Chain is also supporting several leading Web3 wallets to facilitate no-cost stablecoin transfers.

Projects such as Trust Wallet, SafePal, UXUY Wallet, Bitget Wallet, Coin98, and more are involved in the initiative.

Those transferring directly from one wallet to another will be able to do so gas-free, up to twice per user, per stablecoin, per day. The offer applies to the following major stablecoins:

* Tether (USDT)

* USD Coin (USDC)

* Frax (FRAX)

* TrueUSD (TUSD)

* FDUSD

Such a wide network of wallet support makes it significantly easier for users to move funds without worrying about accumulating gas costs.

Free Cross-Chain Bridging with Celer cBridge and Meson.fi

For users who have assets on chains like Ethereum, Polygon, Avalanche, or Tron, transferring assets to BNB Chain is now extremely easy and free.

Celer cBridge and Meson.fi are offering a 100% gas fee refund and a $0 platform fee when cross-collateralizing the following stablecoins to BNB Chain:

* Tether (USDT)

* USD Coin (USDC)

* TrueUSD (TUSD)

from Ethereum, Polygon, Avalanche, and Tron to BNB Chain.

Service through the bridges began in the last quarter of 2024, and will run through March 31, 2025, or while rebates last.

Here are further details of the promotion:

* Both Celer cBridge and Meson.fi are participating in the Gas-Free Carnival.

* Users can claim a 100% gas fee refund and a $0 platform fee when cross-collateralizing the above-mentioned stablecoins.

* The promotion is limited to the specified chains and stablecoins.

* The service through the bridges started in Q4 2024 and will run until March 31, 2025, or while rebates last.

What New DeFi Opportunities Await After Bridging?

After conveniently and seamlessly transferring your stablecoins to BNB Chain, you are ready to join the thriving Decentralized Finance (DeFi) ecosystem on BNB Chain.

With a wide array of protocols offering