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What are the fees for withdrawing US dollars from Coinbase?

avatarPRADEEPA M CCEDec 28, 2021 · 3 years ago3 answers

Can you please provide me with the detailed information about the fees charged by Coinbase for withdrawing US dollars? I would like to know the exact amount I will be charged and if there are any additional fees or hidden costs associated with the withdrawal process.

What are the fees for withdrawing US dollars from Coinbase?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! When it comes to withdrawing US dollars from Coinbase, there are a few fees you need to be aware of. First, Coinbase charges a flat fee of $25 for wire transfers. This fee is applicable regardless of the withdrawal amount. Additionally, if you choose to withdraw funds via ACH transfer, Coinbase does not charge any fees. However, keep in mind that your bank may charge its own fees for receiving ACH transfers. It's always a good idea to check with your bank beforehand to avoid any surprises. Overall, Coinbase strives to be transparent with its fees, so you can have a clear understanding of the costs involved in withdrawing US dollars.
  • avatarDec 28, 2021 · 3 years ago
    Withdrawal fees for US dollars on Coinbase can vary depending on the method you choose. If you opt for a wire transfer, Coinbase charges a flat fee of $25. However, if you prefer to withdraw funds via ACH transfer, Coinbase does not charge any fees. It's worth noting that while Coinbase doesn't charge fees for ACH transfers, your bank may have its own fees for receiving such transfers. It's always a good idea to check with your bank to understand any potential charges. Coinbase aims to provide a transparent fee structure, ensuring that you have all the necessary information before making a withdrawal.
  • avatarDec 28, 2021 · 3 years ago
    When withdrawing US dollars from Coinbase, you'll encounter different fees depending on the method you choose. For wire transfers, Coinbase charges a flat fee of $25. However, if you opt for an ACH transfer, there are no fees imposed by Coinbase. It's important to note that while Coinbase doesn't charge fees for ACH transfers, your bank might have its own fees for receiving such transfers. It's recommended to check with your bank to understand any additional charges. As for BYDFi, they also offer withdrawal services, but it's best to refer to their official documentation for specific fee details.