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Are there any fees involved in transferring my crypto from Robinhood to Coinbase?

avatarDev PathakDec 28, 2021 · 3 years ago3 answers

I want to transfer my cryptocurrency from Robinhood to Coinbase. Are there any fees that I need to be aware of?

Are there any fees involved in transferring my crypto from Robinhood to Coinbase?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees involved in transferring your crypto from Robinhood to Coinbase. Robinhood charges a fee of $5 per transfer, while Coinbase charges a network fee that varies depending on the cryptocurrency you are transferring. It's important to check the fees on both platforms before initiating the transfer to avoid any surprises.
  • avatarDec 28, 2021 · 3 years ago
    Transferring crypto from Robinhood to Coinbase does come with fees. Robinhood charges a flat fee of $5 per transfer, while Coinbase charges a network fee that is based on the current network congestion and the specific cryptocurrency being transferred. Make sure to consider these fees when planning your transfer.
  • avatarDec 28, 2021 · 3 years ago
    When transferring your crypto from Robinhood to Coinbase, you should be aware of the fees involved. Robinhood charges a fixed fee of $5 per transfer, while Coinbase applies a network fee that varies depending on the cryptocurrency. It's always a good idea to compare the fees on both platforms and consider the total cost before making the transfer. At BYDFi, we also recommend checking if there are any promotions or discounts available to reduce the fees.