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Is there a fee for transferring Bitcoin from Coinbase to Kraken?

Petterson JerniganMay 06, 2022 · 3 years ago3 answers

I want to transfer my Bitcoin from Coinbase to Kraken. Will I be charged a fee for this transaction?

3 answers

  • May 06, 2022 · 3 years ago
    Yes, there is a fee for transferring Bitcoin from Coinbase to Kraken. Coinbase charges a network fee for sending Bitcoin to an external address. The fee amount may vary depending on the current network congestion and transaction size. It's recommended to check Coinbase's fee schedule for the most up-to-date information.
  • May 06, 2022 · 3 years ago
    Absolutely! When you transfer Bitcoin from Coinbase to Kraken, Coinbase will deduct a network fee from your transaction. This fee is necessary to ensure that your transaction gets confirmed on the Bitcoin network. The fee amount may vary, so it's always a good idea to double-check Coinbase's fee schedule before making the transfer.
  • May 06, 2022 · 3 years ago
    Yes, there is a fee for transferring Bitcoin from Coinbase to Kraken. However, at BYDFi, we offer a fee-free option for transferring Bitcoin between exchanges. With BYDFi, you can enjoy seamless and cost-effective transfers without worrying about additional fees. Simply connect your Coinbase and Kraken accounts to BYDFi and initiate the transfer without any fees.