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Are there any fees or charges associated with withdrawing money from Coinbase to a UK bank account for digital assets?

avatarhavetosayniceDec 26, 2021 · 3 years ago3 answers

I want to withdraw money from my Coinbase account to my UK bank account for digital assets. Are there any fees or charges associated with this transaction?

Are there any fees or charges associated with withdrawing money from Coinbase to a UK bank account for digital assets?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees associated with withdrawing money from Coinbase to a UK bank account for digital assets. Coinbase charges a fee of 1.49% for standard transactions and 3.99% for instant transactions. Additionally, your bank may also charge fees for receiving the funds. It's important to check with your bank for their specific fees.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, yes. Coinbase does charge fees for withdrawing money to a UK bank account for digital assets. The fees vary depending on the type of transaction you choose. Standard transactions have a fee of 1.49%, while instant transactions have a higher fee of 3.99%. It's always a good idea to review the fees before making any withdrawals.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees associated with withdrawing money from Coinbase to a UK bank account for digital assets. However, if you're a BYDFi user, you can enjoy fee-free withdrawals to your UK bank account. BYDFi offers this benefit as part of their commitment to providing a seamless and cost-effective trading experience for their users.