How much does Coinbase deduct from your withdrawal?
Abdo ElwakelMay 23, 2022 · 3 years ago3 answers
Can you please provide more details on the withdrawal fees charged by Coinbase?
3 answers
- May 23, 2022 · 3 years agoWhen it comes to withdrawing funds from Coinbase, there are fees involved. The withdrawal fee varies depending on the cryptocurrency you are withdrawing. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, while for Ethereum it is 0.01 ETH. These fees are subject to change and it's always a good idea to check Coinbase's official website for the most up-to-date information.
- May 23, 2022 · 3 years agoCoinbase deducts a certain amount from your withdrawal as a fee. The exact amount depends on the cryptocurrency you are withdrawing. It's important to note that Coinbase clearly displays the fee amount before you confirm the withdrawal, so you can review it and make an informed decision. Additionally, Coinbase may also charge network fees, which are separate from the withdrawal fee. These network fees are determined by the blockchain network and can vary depending on network congestion.
- May 23, 2022 · 3 years agoWhen you withdraw funds from Coinbase, the platform deducts a fee based on the cryptocurrency you are withdrawing. The fee is automatically calculated and displayed to you before you confirm the withdrawal. It's worth noting that Coinbase aims to be transparent about its fees, and you can find detailed information about the withdrawal fees on their website. If you have any specific questions about Coinbase's fees, you can reach out to their customer support for assistance.
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