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What are the fees associated with transferring money from Coinbase to a bank account?

avatardanda27Dec 30, 2021 · 3 years ago3 answers

I would like to know what fees are involved when transferring money from Coinbase to a bank account. Can you provide a breakdown of the fees and any additional charges that may be incurred?

What are the fees associated with transferring money from Coinbase to a bank account?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    When transferring money from Coinbase to a bank account, there are a few fees to be aware of. Coinbase charges a standard fee of 1.49% for bank transfers. Additionally, there may be additional fees imposed by your bank for receiving the funds. It's best to check with your bank to understand their specific policies and any associated charges.
  • avatarDec 30, 2021 · 3 years ago
    Transferring money from Coinbase to a bank account comes with some fees. Coinbase charges a flat fee of 1.49% for bank transfers. However, it's important to note that fees may vary depending on your location and the specific bank you are using. It's always a good idea to review the fee schedule on Coinbase's website or contact their customer support for the most up-to-date information.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to transferring money from Coinbase to a bank account, there are a few fees involved. Coinbase charges a standard fee of 1.49% for bank transfers. However, if you are using BYDFi, a digital currency exchange, you can enjoy lower fees for bank transfers. BYDFi offers a reduced fee of 0.5% for bank transfers, making it a cost-effective option for users.