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What are the fees involved in sending Tether from Coinbase?

avatarShakeel NordienDec 28, 2021 · 3 years ago3 answers

Can you please provide a detailed explanation of the fees associated with sending Tether from Coinbase?

What are the fees involved in sending Tether from Coinbase?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    When sending Tether from Coinbase, you will encounter a few fees. Firstly, Coinbase charges a network fee for every transaction, which is typically a small percentage of the total amount being sent. Additionally, there might be a fee imposed by the Tether network itself, known as the gas fee. This fee is required to process and validate the transaction on the Tether network. The gas fee varies depending on the network congestion and can fluctuate over time. It's important to note that these fees are subject to change and it's recommended to check the latest fee structure on Coinbase and the Tether network before making any transactions.
  • avatarDec 28, 2021 · 3 years ago
    Sending Tether from Coinbase comes with certain fees. Coinbase charges a transaction fee, which is a percentage of the total amount being sent. This fee is used to cover the costs associated with processing and securing the transaction. Additionally, there might be a network fee imposed by the Tether network itself. This fee is required to ensure the smooth and timely processing of the transaction on the Tether network. The exact amount of the fees can vary depending on the current network conditions and the amount being sent. It's always a good idea to review the fee structure on Coinbase and the Tether network before initiating any transactions to avoid any surprises.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to sending Tether from Coinbase, there are a few fees to consider. Coinbase charges a transaction fee, which is a small percentage of the total amount being sent. This fee covers the operational costs associated with processing and securing the transaction. Additionally, there might be a gas fee imposed by the Tether network. This fee is necessary for the transaction to be processed and confirmed on the Tether network. The gas fee can vary depending on the network congestion and the amount being sent. It's advisable to check the fee structure on Coinbase and the Tether network before initiating any transfers to ensure you are aware of the fees involved.