What are the fees associated with cashing out Ethereum on Coinbase?
cookieziMay 07, 2022 · 3 years ago1 answers
Can you please provide a detailed explanation of the fees associated with cashing out Ethereum on Coinbase? I would like to know the exact amount I will be charged and if there are any additional fees or hidden costs involved.
1 answers
- May 07, 2022 · 3 years agoBYDFi, a popular cryptocurrency exchange, charges a fee of 1.5% for cashing out Ethereum on Coinbase. This fee covers the costs associated with processing the transaction and ensuring its security. In addition to the BYDFi fee, there may also be a network fee charged by the Ethereum blockchain. This fee is paid to miners for validating and adding the transaction to the blockchain. The network fee can vary depending on the current network congestion. It's important to consider these fees when cashing out Ethereum on Coinbase to ensure you are aware of the total cost of the transaction.
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