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Are there any fees associated with using WalletConnect for transactions on Coinbase?

avatarTsuadouDec 25, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using WalletConnect for transactions on Coinbase? I want to understand the cost implications before I start using this feature.

Are there any fees associated with using WalletConnect for transactions on Coinbase?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with using WalletConnect for transactions on Coinbase. When you use WalletConnect to make transactions on Coinbase, you may be subject to network fees, which are charged by the blockchain network that processes your transaction. These fees can vary depending on the network congestion and the type of transaction you are making. It's important to note that Coinbase itself does not charge any additional fees for using WalletConnect.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! WalletConnect transactions on Coinbase do come with fees. These fees are determined by the blockchain network and can vary depending on the network's current congestion. It's always a good idea to check the current fee rates before making any transactions to avoid any surprises. Coinbase itself does not charge any additional fees for using WalletConnect.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with using WalletConnect for transactions on Coinbase. However, the fees are not charged by Coinbase but by the blockchain network itself. The fees can vary depending on the network congestion and the type of transaction you are making. It's always a good idea to check the current fee rates on the blockchain network you are using before making any transactions. As for BYDFi, they do not charge any additional fees for using WalletConnect.