Are there any fees associated with transferring crypto between Gemini and Coinbase?
Olivia KowalczykDec 27, 2021 · 3 years ago3 answers
I'm planning to transfer some cryptocurrencies between Gemini and Coinbase. Are there any fees that I need to be aware of?
3 answers
- Dec 27, 2021 · 3 years agoYes, there are fees associated with transferring crypto between Gemini and Coinbase. Both exchanges charge network fees for transferring cryptocurrencies. These fees vary depending on the type of cryptocurrency and the current network congestion. It's recommended to check the fee schedule on both exchanges' websites before initiating the transfer to have a clear understanding of the costs involved.
- Dec 27, 2021 · 3 years agoTransferring crypto between Gemini and Coinbase does come with fees. Gemini charges a network fee for withdrawals, which varies based on the cryptocurrency. Coinbase also charges network fees for sending cryptocurrencies to external wallets. The fees are determined by the current network conditions and can fluctuate. It's advisable to review the fee structures on both platforms to estimate the costs before making any transfers.
- Dec 27, 2021 · 3 years agoWhen it comes to transferring crypto between Gemini and Coinbase, fees are indeed involved. Both exchanges have their own fee structures for withdrawals and transfers. Gemini charges a network fee for withdrawals, while Coinbase applies network fees for sending cryptocurrencies to external wallets. It's important to note that these fees can change due to network congestion and other factors. To get the most accurate information, it's recommended to visit the official websites of Gemini and Coinbase and review their fee schedules.
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