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Are there any fees involved when sending Bitcoin from GDAX to Binance?

avatarCalido FordjourDec 27, 2021 · 3 years ago3 answers

What are the fees associated with transferring Bitcoin from GDAX to Binance?

Are there any fees involved when sending Bitcoin from GDAX to Binance?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees involved when sending Bitcoin from GDAX to Binance. Both GDAX and Binance charge fees for transferring Bitcoin. The fees vary depending on the amount of Bitcoin being transferred and the current network congestion. It is recommended to check the fee schedule on both platforms before initiating the transfer to understand the exact fees involved.
  • avatarDec 27, 2021 · 3 years ago
    Transferring Bitcoin from GDAX to Binance incurs fees. These fees are typically a percentage of the total amount being transferred. The exact percentage may vary depending on the current market conditions and the policies of GDAX and Binance. It is advisable to review the fee structure of both platforms to determine the specific fees involved before initiating the transfer.
  • avatarDec 27, 2021 · 3 years ago
    When sending Bitcoin from GDAX to Binance, there are fees associated with the transaction. GDAX charges a network fee for withdrawals, which is determined by the current network congestion and transaction size. Binance also charges a fee for depositing Bitcoin, which is based on the amount being transferred. It is important to consider these fees when planning the transfer to ensure that the final amount received on Binance is as expected.