Are there any fees or restrictions associated with wire transfers on Coinbase for transferring money to and from my bank account?
bigname_CHRISMay 11, 2022 · 3 years ago1 answers
Can you provide more information about the fees and restrictions for wire transfers on Coinbase when transferring money to and from my bank account?
1 answers
- May 11, 2022 · 3 years agoAbsolutely! When it comes to wire transfers on Coinbase, there are a few things to keep in mind. Coinbase charges a fee for incoming wire transfers, which is $10 for deposits below $25,000 and $25 for deposits above $25,000. However, there are no fees for outgoing wire transfers. It's important to note that your bank may also have its own fees and restrictions for wire transfers, so it's a good idea to check with them beforehand. Additionally, wire transfers can take some time to process, typically between 1-5 business days. If you have any more questions, feel free to ask!
Related Tags
Hot Questions
- 92
What is the future of blockchain technology?
- 86
How can I minimize my tax liability when dealing with cryptocurrencies?
- 84
How can I buy Bitcoin with a credit card?
- 81
How does cryptocurrency affect my tax return?
- 80
What are the advantages of using cryptocurrency for online transactions?
- 79
What are the tax implications of using cryptocurrency?
- 59
Are there any special tax rules for crypto investors?
- 28
What are the best practices for reporting cryptocurrency on my taxes?