Are there any fees involved when sending ETH from Coinbase to Binance?

1 answers

• Mar 12, 2022 · 3 years ago
  When sending ETH from Coinbase to Binance, there are fees associated with the transaction. The first fee is the network fee, which is required to process the transaction on the Ethereum network. This fee is paid to the miners who validate and include the transaction in a block. The network fee can vary depending on the network congestion and the gas price you set. Additionally, Binance charges a withdrawal fee for processing the incoming transaction. The withdrawal fee is subject to change and it's recommended to check Binance's fee schedule for the most accurate information. It's important to factor in these fees when planning your transfers to ensure you are aware of the costs involved.
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