What are the fees for converting SOL to USD on Coinbase?
Syb De JongMay 13, 2022 · 3 years ago1 answers
Can you please provide information about the fees associated with converting SOL to USD on Coinbase? I am interested in knowing the transaction fees, withdrawal fees, and any other charges that may apply.
1 answers
- May 13, 2022 · 3 years agoWhen it comes to converting SOL to USD on Coinbase, you can expect to encounter a few fees. First, there is a transaction fee of 1.49% for both buying and selling SOL. This fee is applied to the total value of the transaction. Additionally, Coinbase charges a spread fee of around 0.50% for cryptocurrency conversions. This means that the exchange rate you see on Coinbase may not be the exact market rate. Finally, if you decide to withdraw your USD from Coinbase to your bank account, there may be additional fees imposed by your bank. It's always a good idea to check with your bank to understand any potential withdrawal fees.
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