Are there any fees or charges when transferring from Coinbase to a bank account?
AtkinsMay 12, 2022 · 3 years ago3 answers
When transferring funds from Coinbase to a bank account, are there any fees or charges involved? I want to make sure I understand the costs associated with this type of transaction.
3 answers
- May 12, 2022 · 3 years agoYes, there are fees involved when transferring from Coinbase to a bank account. Coinbase charges a fee of 1.49% for standard transactions and 3.99% for instant transactions. Additionally, your bank may also charge fees for receiving the funds. It's important to check with your bank to understand their specific fee structure.
- May 12, 2022 · 3 years agoTransferring funds from Coinbase to a bank account does come with fees. Coinbase charges a percentage-based fee for the transaction, which can vary depending on the type of transfer you choose. It's recommended to review Coinbase's fee schedule and your bank's fee structure to get a clear understanding of the costs involved.
- May 12, 2022 · 3 years agoWhen transferring funds from Coinbase to a bank account, there are fees associated with the transaction. Coinbase charges a fee based on the amount being transferred, which can be found in their fee schedule. It's worth noting that different banks may have their own fees for receiving the funds, so it's a good idea to check with your bank as well.
Related Tags
Hot Questions
- 99
How can I minimize my tax liability when dealing with cryptocurrencies?
- 96
What are the advantages of using cryptocurrency for online transactions?
- 90
What are the best practices for reporting cryptocurrency on my taxes?
- 83
What is the future of blockchain technology?
- 57
How can I buy Bitcoin with a credit card?
- 43
What are the tax implications of using cryptocurrency?
- 21
Are there any special tax rules for crypto investors?
- 14
How can I protect my digital assets from hackers?