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Are there any fees or restrictions associated with wire transfers on Coinbase for transferring money to and from my bank account?

avatarAnirudh ShettyDec 18, 2021 · 3 years ago1 answers

Can you provide more information about the fees and restrictions for wire transfers on Coinbase when transferring money to and from my bank account?

Are there any fees or restrictions associated with wire transfers on Coinbase for transferring money to and from my bank account?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    Absolutely! When it comes to wire transfers on Coinbase, there are a few things to keep in mind. Coinbase charges a fee for incoming wire transfers, which is $10 for deposits below $25,000 and $25 for deposits above $25,000. However, there are no fees for outgoing wire transfers. It's important to note that your bank may also have its own fees and restrictions for wire transfers, so it's a good idea to check with them beforehand. Additionally, wire transfers can take some time to process, typically between 1-5 business days. If you have any more questions, feel free to ask!