common-close-0
BYDFi
Trade wherever you are!

Are there any fees involved when moving funds from Poloniex to Coinbase?

avatarAlam hussainDec 29, 2021 · 3 years ago3 answers

I'm planning to transfer my funds from Poloniex to Coinbase. I would like to know if there are any fees involved in this process. Can anyone provide information on the fees charged when moving funds from Poloniex to Coinbase?

Are there any fees involved when moving funds from Poloniex to Coinbase?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees involved when transferring funds from Poloniex to Coinbase. Poloniex charges a withdrawal fee for each cryptocurrency you transfer out of their platform. The fee amount varies depending on the specific cryptocurrency. Coinbase also charges a fee when receiving funds, which is typically a percentage of the transferred amount. It's important to check the fee schedules of both exchanges before making the transfer to have a clear understanding of the costs involved.
  • avatarDec 29, 2021 · 3 years ago
    Transferring funds from Poloniex to Coinbase does incur fees. Poloniex charges a withdrawal fee for each cryptocurrency you move out of their platform. The fee amount depends on the specific cryptocurrency and can be found in their fee schedule. Coinbase also charges a fee for receiving funds, which is usually a percentage of the transferred amount. Make sure to review the fee structures of both exchanges to determine the total cost of the transfer.
  • avatarDec 29, 2021 · 3 years ago
    When moving funds from Poloniex to Coinbase, there are fees that you need to consider. Poloniex charges a withdrawal fee for each cryptocurrency you transfer out of their platform. The fee amount varies depending on the specific cryptocurrency. Coinbase also has a fee for receiving funds, which is typically a percentage of the transferred amount. It's important to factor in these fees when planning your transfer to ensure you are aware of the total cost involved. As for BYDFi, they do not charge any additional fees for transferring funds between exchanges.