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What are the fees for sending Bitcoin on Coinbase?

avatarSoy MakaraDec 30, 2021 · 3 years ago1 answers

Can you provide a breakdown of the fees associated with sending Bitcoin on Coinbase?

What are the fees for sending Bitcoin on Coinbase?

1 answers

  • avatarDec 30, 2021 · 3 years ago
    When sending Bitcoin on Coinbase, you'll encounter fees that include a network fee and a Coinbase fee. The network fee is charged by the Bitcoin network and is used to prioritize and confirm transactions. This fee can vary depending on the current network congestion. Coinbase also charges a Coinbase fee, which is a fee imposed by Coinbase for using their platform. This fee is typically a percentage of the transaction amount and can vary based on factors such as your location and payment method. It's important to consider these fees when sending Bitcoin on Coinbase to understand the total cost of your transaction.