Why is Coinbase charging me high transaction fees?

3 answers

• Dec 18, 2021 · 3 years ago
  Coinbase charges high transaction fees because they need to cover the costs of processing transactions on their platform. These fees can vary depending on the network congestion and the type of transaction you're making. To reduce these fees, you can consider using a different cryptocurrency exchange that offers lower fees or use a decentralized exchange that doesn't rely on a centralized platform like Coinbase.
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• Dec 18, 2021 · 3 years ago
  Transaction fees on Coinbase are determined by the current network congestion and the size of your transaction. During times of high demand, fees tend to increase. Coinbase also charges additional fees for certain types of transactions, such as buying or selling cryptocurrency with a credit card. To avoid high fees, you can try using other payment methods like bank transfers or using a different exchange with lower fees.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we understand that transaction fees can be a concern for users. While we don't have control over Coinbase's fees, we recommend exploring alternative exchanges that offer competitive fee structures. Additionally, you can consider using different cryptocurrencies that have lower transaction fees, such as Ethereum or Binance Coin. It's important to compare fees and features across different exchanges to find the best option for your needs.
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