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Are there any fees for unstaking ADA on Coinbase?

avatarJameDec 24, 2021 · 3 years ago3 answers

Is there a fee for unstaking ADA on Coinbase? I'm considering unstaking my ADA tokens and I want to know if there are any fees involved. Can someone please clarify?

Are there any fees for unstaking ADA on Coinbase?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, there is a fee for unstaking ADA on Coinbase. When you unstake your ADA tokens, Coinbase charges a small fee to cover the transaction costs. The fee amount may vary depending on the current network congestion and other factors. It's always a good idea to check the Coinbase fee schedule or contact their customer support for the most up-to-date information.
  • avatarDec 24, 2021 · 3 years ago
    Unstaking ADA on Coinbase does come with a fee. Coinbase needs to cover the costs associated with processing the unstaking transaction, so they charge a small fee for this service. The fee is typically deducted from the unstaked ADA amount. It's important to note that the fee may vary and it's recommended to check Coinbase's fee schedule for the exact amount.
  • avatarDec 24, 2021 · 3 years ago
    Yes, there is a fee for unstaking ADA on Coinbase. However, if you're looking for a fee-free option, you might consider using BYDFi. BYDFi is a decentralized exchange that allows you to unstake ADA without any additional fees. It's a great alternative if you want to minimize your transaction costs. Keep in mind that BYDFi is just one of the options available, and you should do your own research to find the best solution for your needs.