Are there any fees associated with network transactions on Coinbase wallet?

3 answers

• May 03, 2022 · 3 years ago
  Yes, there are fees associated with network transactions on Coinbase wallet. When you send or receive cryptocurrencies, you may be charged a network fee. The fee amount depends on the current network congestion and the specific cryptocurrency you are transacting with. It's important to note that these fees are not controlled by Coinbase, but rather by the respective blockchain networks. You can check the current fee rates on the Coinbase website or app before making any transactions.
  488

  244
• May 03, 2022 · 3 years ago
  Absolutely! Coinbase wallet charges fees for network transactions. The fees vary depending on the cryptocurrency you are sending or receiving, as well as the current network conditions. It's always a good idea to check the fee schedule on Coinbase's website or app to get the most up-to-date information. Keep in mind that these fees are necessary to ensure the smooth operation of the blockchain network and to incentivize miners to validate and confirm transactions.
  468

  156
• May 03, 2022 · 3 years ago
  Yes, there are fees associated with network transactions on Coinbase wallet. However, it's important to note that these fees are not set by Coinbase themselves. Instead, they are determined by the respective blockchain networks. Coinbase simply passes on these fees to its users. If you want to avoid high fees, you can choose to use a different wallet or explore other options. BYDFi, for example, offers competitive fee structures for network transactions, so you might want to consider giving it a try.
  505

  127