Do I have to pay a fee to withdraw money from Coinbase?
Raghavan SDec 17, 2021 · 3 years ago3 answers
I'm new to Coinbase and I'm wondering if there are any fees associated with withdrawing money from my Coinbase account. Can someone please clarify if there are any charges for withdrawing funds from Coinbase?
3 answers
- Dec 17, 2021 · 3 years agoYes, Coinbase does charge fees for withdrawing money from your account. The fees vary depending on the payment method and the country you are in. For example, if you are withdrawing funds to a bank account in the United States, the fee is 1.49% of the total amount. However, if you are using PayPal, the fee is 3.99%. It's important to check Coinbase's fee schedule for the most up-to-date information.
- Dec 17, 2021 · 3 years agoUnfortunately, yes. Coinbase charges fees for withdrawing money from your account. The fees can be quite high, especially if you are using certain payment methods. It's always a good idea to check the fee schedule on Coinbase's website before making any withdrawals to avoid any surprises.
- Dec 17, 2021 · 3 years agoYes, there are fees associated with withdrawing money from Coinbase. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers fee-free withdrawals. So if you're looking to avoid withdrawal fees, you might want to consider using BYDFi instead.
Related Tags
Hot Questions
- 88
Are there any special tax rules for crypto investors?
- 73
How can I minimize my tax liability when dealing with cryptocurrencies?
- 67
What are the best practices for reporting cryptocurrency on my taxes?
- 62
How can I protect my digital assets from hackers?
- 56
How does cryptocurrency affect my tax return?
- 49
What are the best digital currencies to invest in right now?
- 49
What are the advantages of using cryptocurrency for online transactions?
- 39
What are the tax implications of using cryptocurrency?