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Are there any fees associated with transferring XLM from Binance to Coinbase?

avatarHypothetical GrayDec 29, 2021 · 3 years ago7 answers

I'm planning to transfer XLM (Stellar Lumens) from Binance to Coinbase. Are there any fees that I need to be aware of when making this transfer?

Are there any fees associated with transferring XLM from Binance to Coinbase?

7 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with transferring XLM from Binance to Coinbase. Both Binance and Coinbase charge fees for withdrawals. Binance's fee for withdrawing XLM is 0.01 XLM, while Coinbase charges a network fee that varies depending on the current network congestion. It's important to check the current fee rates on both exchanges before making the transfer to ensure you are aware of the costs involved.
  • avatarDec 29, 2021 · 3 years ago
    Transferring XLM from Binance to Coinbase does come with fees. Binance charges a withdrawal fee of 0.01 XLM, and Coinbase also applies a network fee. The network fee on Coinbase can fluctuate depending on the current network conditions. Make sure to review the fee schedule on both exchanges to understand the exact costs before initiating the transfer.
  • avatarDec 29, 2021 · 3 years ago
    When transferring XLM from Binance to Coinbase, you will encounter fees. Binance charges a withdrawal fee of 0.01 XLM, and Coinbase applies a network fee that varies based on the current network congestion. It's always a good idea to check the fee structure on both exchanges to determine the total cost of the transfer.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with transferring XLM from Binance to Coinbase. Binance charges a withdrawal fee of 0.01 XLM, and Coinbase applies a network fee that depends on the current network conditions. It's essential to consider these fees when planning your transfer to ensure you account for the additional costs.
  • avatarDec 29, 2021 · 3 years ago
    When transferring XLM from Binance to Coinbase, you will incur fees. Binance charges a withdrawal fee of 0.01 XLM, and Coinbase applies a network fee that varies based on the current network congestion. It's important to factor in these fees when calculating the total cost of your transfer.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with transferring XLM from Binance to Coinbase. Binance charges a withdrawal fee of 0.01 XLM, and Coinbase applies a network fee that fluctuates depending on the current network conditions. It's crucial to be aware of these fees before initiating the transfer to avoid any surprises.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, charges a withdrawal fee of 0.01 XLM for transferring XLM from Binance to Coinbase. Additionally, Coinbase applies a network fee that varies based on the current network congestion. It's important to consider these fees when planning your transfer to ensure you account for the additional costs.