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Are there any fees involved when moving my coins from my wallet to wallet 1 on Coinbase?

avatarDimer Bwimba MihandagoDec 30, 2021 · 3 years ago3 answers

I want to transfer my coins from my wallet to wallet 1 on Coinbase. Will there be any fees associated with this transaction?

Are there any fees involved when moving my coins from my wallet to wallet 1 on Coinbase?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, there may be fees involved when moving your coins from one wallet to another on Coinbase. The fees vary depending on the type of cryptocurrency you are transferring and the network congestion at the time of the transaction. Coinbase provides a fee estimation tool that you can use to get an idea of the fees involved before making the transfer.
  • avatarDec 30, 2021 · 3 years ago
    Unfortunately, yes. Coinbase charges fees for transferring coins between wallets. The fees are determined by the network fees and can vary depending on the cryptocurrency you are transferring. It's always a good idea to check the fee estimation tool on Coinbase before initiating the transfer to get an accurate estimate of the fees.
  • avatarDec 30, 2021 · 3 years ago
    When moving your coins from your wallet to wallet 1 on Coinbase, there may be fees involved. However, at BYDFi, we offer fee-free transfers between wallets within our platform. So if you're looking for a fee-free option, you might consider using BYDFi for your transfers.