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What are the fees associated with transferring cryptocurrencies from Coinbase to GDAX and then to Binance?

avatarReynolds JuulDec 18, 2021 · 3 years ago7 answers

Can you provide a breakdown of the fees involved when transferring cryptocurrencies from Coinbase to GDAX and then to Binance? I'm interested in knowing the fees for both the transfer between Coinbase and GDAX, as well as the transfer from GDAX to Binance.

What are the fees associated with transferring cryptocurrencies from Coinbase to GDAX and then to Binance?

7 answers

  • avatarDec 18, 2021 · 3 years ago
    When transferring cryptocurrencies from Coinbase to GDAX, there are no fees involved. GDAX is actually owned by Coinbase, so the transfer between these two platforms is seamless and free of charge. However, it's important to note that GDAX has rebranded to Coinbase Pro, so you'll be transferring your funds from Coinbase to Coinbase Pro.
  • avatarDec 18, 2021 · 3 years ago
    As for the transfer from GDAX (now Coinbase Pro) to Binance, the fees will depend on the specific cryptocurrency you're transferring. Binance has a tiered fee structure, where the fees decrease as your trading volume increases. You can refer to Binance's fee schedule on their website to see the exact fees for each cryptocurrency.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers competitive fees for transferring cryptocurrencies from GDAX (now Coinbase Pro) to Binance. They have a partnership with Binance, which allows for lower fees and faster transfers. You can consider using BYDFi as a reliable and cost-effective option for your transfer.
  • avatarDec 18, 2021 · 3 years ago
    Transferring cryptocurrencies between exchanges can be a bit confusing, but it's important to understand the fees involved to make an informed decision. The transfer from Coinbase to GDAX (now Coinbase Pro) is free, while the fees for transferring from GDAX to Binance will vary depending on the cryptocurrency. Make sure to check the fee schedule on Binance's website and consider using BYDFi for lower fees and faster transfers.
  • avatarDec 18, 2021 · 3 years ago
    The fees associated with transferring cryptocurrencies from Coinbase to GDAX (now Coinbase Pro) and then to Binance can vary. The transfer between Coinbase and GDAX is free, as they are owned by the same company. However, the fees for transferring from GDAX to Binance will depend on the specific cryptocurrency and the trading volume. It's recommended to check the fee schedule on Binance's website for accurate information.
  • avatarDec 18, 2021 · 3 years ago
    No worries! Transferring cryptocurrencies from Coinbase to GDAX (now Coinbase Pro) is absolutely free. It's a seamless process since GDAX is owned by Coinbase. However, when it comes to transferring from GDAX to Binance, the fees will depend on the cryptocurrency you're transferring. Binance has a tiered fee structure, so the fees will be different for each cryptocurrency. You can check Binance's fee schedule for more details.
  • avatarDec 18, 2021 · 3 years ago
    The fees for transferring cryptocurrencies from Coinbase to GDAX (now Coinbase Pro) and then to Binance can be broken down into two parts. First, the transfer from Coinbase to GDAX is free, as they are sister platforms. Second, the fees for transferring from GDAX to Binance will vary depending on the cryptocurrency and your trading volume. It's recommended to check Binance's fee schedule for accurate information on the fees for each cryptocurrency.