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Are there any fees associated with sending BTC from Coinbase to Ripple on Kraken?

avatarRevanth RevanthDec 19, 2021 · 3 years ago3 answers

I want to transfer my BTC from Coinbase to Ripple on Kraken. Are there any fees that I need to consider?

Are there any fees associated with sending BTC from Coinbase to Ripple on Kraken?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees associated with sending BTC from Coinbase to Ripple on Kraken. When you initiate a transfer, Coinbase will charge you a network fee for sending the BTC. Additionally, Kraken may also charge you a fee for receiving the BTC. It's important to check both Coinbase and Kraken's fee schedules to understand the exact amount you will be charged.
  • avatarDec 19, 2021 · 3 years ago
    Absolutely! Whenever you send BTC from Coinbase to Ripple on Kraken, you can expect to pay some fees. Coinbase charges a network fee for sending the BTC, and Kraken may also charge a fee for receiving it. Make sure to review the fee schedules of both platforms to get a clear idea of how much you'll be charged.
  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees associated with sending BTC from Coinbase to Ripple on Kraken. Coinbase charges a network fee for sending the BTC, and Kraken may also charge a fee for receiving it. However, it's worth noting that BYDFi, another popular exchange, offers fee-free transfers between Coinbase and Ripple. So if you're looking to avoid fees, you might consider using BYDFi instead.