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What are the fees for cashing out on Coinbase?

avatarFIZA BADIDec 15, 2021 · 3 years ago3 answers

Can you please provide a detailed explanation of the fees associated with cashing out on Coinbase? I would like to know the specific charges and any additional costs that may be involved.

What are the fees for cashing out on Coinbase?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    When cashing out on Coinbase, there are a few fees to consider. Firstly, Coinbase charges a fee for converting your cryptocurrency to fiat currency, which is typically around 1.49%. Additionally, there might be a network fee for transferring your funds to your bank account, depending on the cryptocurrency you are cashing out. This fee is determined by the blockchain network and can vary. It's important to note that Coinbase may also charge a fee for withdrawing funds to your bank account, which can range from $0.15 to $25, depending on the amount being withdrawn and your location. It's always a good idea to review Coinbase's fee schedule for the most up-to-date information.
  • avatarDec 15, 2021 · 3 years ago
    Cashing out on Coinbase incurs certain fees. Coinbase charges a fee for converting your cryptocurrency to fiat currency, usually around 1.49%. Additionally, there might be a network fee for transferring your funds to your bank account, which depends on the cryptocurrency you are cashing out. This fee is determined by the blockchain network and can vary. It's important to be aware that Coinbase may also charge a fee for withdrawing funds to your bank account, ranging from $0.15 to $25, depending on the withdrawal amount and your location. To get the exact details, it's recommended to check Coinbase's fee schedule.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to cashing out on Coinbase, there are a few fees involved. Coinbase charges a fee for converting your cryptocurrency to fiat currency, typically around 1.49%. Additionally, there might be a network fee for transferring your funds to your bank account, which varies depending on the cryptocurrency. This fee is determined by the blockchain network. It's worth noting that Coinbase may also charge a fee for withdrawing funds to your bank account, ranging from $0.15 to $25, depending on the withdrawal amount and your location. For more detailed information, you can refer to Coinbase's fee schedule on their website.