Are there any fees involved when transferring funds between Coinbase and Gemini?
Rahbek WinsteadDec 27, 2021 · 3 years ago3 answers
I want to transfer funds between Coinbase and Gemini, but I'm concerned about the fees. Are there any fees involved in transferring funds between these two cryptocurrency exchanges?
3 answers
- Dec 27, 2021 · 3 years agoYes, there are fees involved when transferring funds between Coinbase and Gemini. Coinbase charges a fee for both deposits and withdrawals, while Gemini charges a fee for withdrawals only. The fees vary depending on the amount and type of cryptocurrency being transferred. It's recommended to check the fee schedule on both exchanges' websites for the most up-to-date information.
- Dec 27, 2021 · 3 years agoTransferring funds between Coinbase and Gemini does incur fees. Coinbase charges a fee for both deposits and withdrawals, and Gemini charges a fee for withdrawals. The exact fees can be found on their respective websites. It's important to consider these fees when planning your transfers to ensure you're aware of the costs involved.
- Dec 27, 2021 · 3 years agoWhen transferring funds between Coinbase and Gemini, there are indeed fees to take into account. Coinbase charges fees for deposits and withdrawals, while Gemini only charges a fee for withdrawals. The fees can vary depending on the cryptocurrency and the amount being transferred. It's advisable to review the fee structures on both exchanges' websites to get a clear understanding of the costs involved before initiating any transfers. Remember, fees can impact the overall profitability of your transactions, so it's crucial to factor them in when making decisions.
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