Back in November 2017, cryptocurrency exchange Binance listed Ripple (XRP) trading support against BTC and ETH, as the company was adding new crypto assets at a daily pace.
Today, Binance announced support for XRP against USDT. The US dollar based Tether digital token represents 1:1 value against the national fiat currency and was created to give users a stable alternative compared to current crypto coins.
Even though Tether is under constant question, causing other US dollar digital tokens to arise such as True USD from Trust Token, Binance has chosen to use the older and tested USDT.
Binance has a flat 0.1% trading fee, but if users have Binance Coins (BNB), they can choose to deduct 50%. There is a 5.3 USDT transaction fee for withdrawing USDT, and just a 0.25 XRP fee when withdrawing Ripple off the exchange.