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Are there any fees associated with instant cash out on Coinbase?

avatarBalaharisankar .LOct 30, 2020 · 5 years ago3 answers

I want to know if there are any fees that I need to pay when I use the instant cash out feature on Coinbase. Can someone please clarify?

Are there any fees associated with instant cash out on Coinbase?

3 answers

  • avatarSaw Phyo NaingMay 28, 2022 · 3 years ago
    Yes, there are fees associated with instant cash out on Coinbase. When you use the instant cash out feature, Coinbase charges a fee of 1.5% of the transaction amount. This fee is deducted from the total amount you receive. It's important to keep this in mind when planning your cash out.
  • avatarRefurb NetworkApr 02, 2024 · a year ago
    Absolutely! Coinbase does charge fees for instant cash out. The fee is 1.5% of the transaction amount, which is deducted from the total cash out amount. So, if you cash out $100, you'll receive $98.50 after the fee is applied. It's always a good idea to check the fees before making any transactions.
  • avatarMcKnight SvendsenAug 08, 2020 · 5 years ago
    Yes, there are fees associated with instant cash out on Coinbase. When you use this feature, Coinbase charges a fee of 1.5% of the transaction amount. This fee is deducted from the total cash out amount. Keep in mind that different exchanges may have different fee structures, so it's worth comparing fees across platforms to find the best option for you. At BYDFi, for example, the fee for instant cash out is only 1%, which can save you some money.

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