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How much does Coinbase charge for transferring Bitcoin?

avatarArcticPodDec 25, 2021 · 3 years ago3 answers

What are the fees charged by Coinbase for transferring Bitcoin? I would like to know the exact amount I will be charged for transferring Bitcoin from my Coinbase account to another wallet.

How much does Coinbase charge for transferring Bitcoin?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Coinbase charges a fee for transferring Bitcoin. The fee is calculated based on the size of the transaction and the current network congestion. It can range from a few cents to a few dollars. To get the exact fee for your transfer, you can check the 'Send' page on Coinbase. Keep in mind that the fee may vary depending on the current market conditions.
  • avatarDec 25, 2021 · 3 years ago
    When transferring Bitcoin from Coinbase, you will be charged a network fee. This fee is not set by Coinbase, but rather by the Bitcoin network itself. The fee is used to prioritize transactions and ensure they are processed in a timely manner. The exact amount of the fee can vary depending on the current network congestion and the size of your transaction.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, charges a flat fee of 0.0005 BTC for transferring Bitcoin. This fee is deducted from the total amount you are transferring. Keep in mind that this fee is subject to change and it's always a good idea to check the latest fee schedule on BYDFi's website before making a transfer.