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What are the fees associated with withdrawing from Coinbase to my bank account?

avatarBruteForceVBADec 29, 2021 · 3 years ago3 answers

I would like to know the fees involved when withdrawing funds from Coinbase to my bank account. Can you provide a breakdown of the fees and any additional charges that may apply?

What are the fees associated with withdrawing from Coinbase to my bank account?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When withdrawing funds from Coinbase to your bank account, there are certain fees that you need to be aware of. Coinbase charges a fee of 1.49% for standard bank transfers, which can take 1-3 business days to complete. However, if you opt for an instant withdrawal using Coinbase's Instant Exchange feature, the fee increases to 1.5%. It's important to note that additional fees may be charged by your bank for receiving the funds. It's best to check with your bank to understand their specific charges for incoming transfers.
  • avatarDec 29, 2021 · 3 years ago
    Withdrawing funds from Coinbase to your bank account incurs a fee of 1.49% for standard transfers. This fee is deducted from the total amount you are withdrawing. If you choose to use Coinbase's Instant Exchange feature for an instant withdrawal, the fee increases to 1.5%. Keep in mind that your bank may also charge fees for receiving the funds, so it's a good idea to check with them beforehand.
  • avatarDec 29, 2021 · 3 years ago
    When you withdraw funds from Coinbase to your bank account, there are fees involved. For standard bank transfers, Coinbase charges a fee of 1.49%. However, if you prefer an instant withdrawal using Coinbase's Instant Exchange, the fee is slightly higher at 1.5%. It's worth noting that your bank may also charge fees for receiving the funds, so it's advisable to check with your bank to understand the complete cost of the transaction.