How does Coinbase calculate transaction fees?

3 answers

• May 05, 2022 · 3 years ago
  Sure! Coinbase calculates transaction fees based on the current network congestion and the size of the transaction. When the network is busy, fees tend to be higher to ensure faster confirmation times. Additionally, larger transactions require more space on the blockchain, so they have higher fees. Coinbase provides a transparent fee structure, and you can always check the estimated fee before confirming a transaction.
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• May 05, 2022 · 3 years ago
  Coinbase calculates transaction fees using a dynamic fee algorithm. This algorithm takes into account factors such as the current network congestion, transaction size, and priority level. The fees are adjusted in real-time to ensure timely and secure transactions. You can view the estimated fee for your transaction before proceeding with the transaction on the Coinbase platform.
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• May 05, 2022 · 3 years ago
  As a representative from BYDFi, I can tell you that Coinbase calculates transaction fees based on the current market conditions. The fees are determined by the network congestion and the size of the transaction. Coinbase aims to provide competitive and fair fees to its users. You can always check the estimated fee before finalizing your transaction on the Coinbase platform.
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