Moving BTC to cold wallet over Binance The BTC withdrawal fee in Binance (and pretty much every other exchange) is 0.0005 BTC - very high. However, if you do the withdrawal over their Binance network then the fee is only 0.0000014 BTC (a mere fraction!). Question is, can that network be used to withdraw &quot;pure&quot; BTC? How? The address I have on my (Trezor) cold wallet is a SegWit address which apparently doesn't fit the criteria.
Also, if it's stored in a separate network, does that mean that I'll only be able to sell my BTC via Binance?
Many thanks.
However, if you do the withdrawal over their Binance network then the fee is only 0.0000014 BTC (a mere fraction!)

This transaction will involve withdrawal of a token on other chain. This token is not same as BTC. I have explained few things in this answer: https://bitcoin.stackexchange.com/a/100838/
Those options available for BTC withdrawal are misleading but there is nothing much we can do about it. I tried my best by creating a question on Stackexchange, sharing on Reddit and ask few people to tweet about it. Not sure what else can be done for the misinformation, marketing, misleading things etc. by altcoiners in this ecosystem.