Are there any fees involved in transferring my crypto from Robinhood to Coinbase?
Dev 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?
3 answers
- Dec 28, 2021 · 3 years agoYes, 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.
- Dec 28, 2021 · 3 years agoTransferring 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.
- Dec 28, 2021 · 3 years agoWhen 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.
Related Tags
Hot Questions
- 86
What are the advantages of using cryptocurrency for online transactions?
- 82
What are the best digital currencies to invest in right now?
- 79
What is the future of blockchain technology?
- 76
How does cryptocurrency affect my tax return?
- 61
How can I buy Bitcoin with a credit card?
- 58
How can I protect my digital assets from hackers?
- 57
What are the tax implications of using cryptocurrency?
- 51
Are there any special tax rules for crypto investors?