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Are there any fees involved when transferring USDT from Binance to Coinbase wallet?

avatarSharan BashirDec 28, 2021 · 3 years ago3 answers

When transferring USDT from Binance to Coinbase wallet, are there any fees involved? How much are the fees and how are they calculated?

Are there any fees involved when transferring USDT from Binance to Coinbase wallet?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees involved when transferring USDT from Binance to Coinbase wallet. The fees vary depending on the amount of USDT being transferred. Binance charges a network fee for the transaction, which is deducted from the total amount being transferred. Coinbase also charges a network fee for receiving the USDT. The exact amount of the fees can be found on the respective platforms' fee schedules. It's important to note that these fees are subject to change and it's recommended to check the latest fee information before making the transfer.
  • avatarDec 28, 2021 · 3 years ago
    Transferring USDT from Binance to Coinbase wallet does incur fees. The fees are typically calculated based on the network congestion and the amount of USDT being transferred. Binance and Coinbase both have their own fee structures, so it's important to check their fee schedules for the most accurate information. Keep in mind that fees may vary over time due to market conditions and network congestion.
  • avatarDec 28, 2021 · 3 years ago
    When transferring USDT from Binance to Coinbase wallet, there are fees involved. Binance charges a network fee for the transaction, which is deducted from the total amount being transferred. Coinbase also charges a network fee for receiving the USDT. The fees are usually a small percentage of the total amount being transferred. It's recommended to check the fee schedules on both platforms to get the exact fee amount before initiating the transfer. Additionally, it's worth considering the current market conditions and network congestion, as they can affect the fees and transaction speed.