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Are there any fees for transferring crypto from Coinbase to Robinhood?

avatarSloan MacGregorDec 18, 2021 · 3 years ago3 answers

What are the fees associated with transferring cryptocurrency from Coinbase to Robinhood?

Are there any fees for transferring crypto from Coinbase to Robinhood?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When transferring cryptocurrency from Coinbase to Robinhood, there may be fees involved. Coinbase charges a network fee for each transaction, which varies depending on the current network congestion and the type of cryptocurrency being transferred. Additionally, Robinhood may also charge a fee for the transfer, although the specific fee amount may vary. It is recommended to check the fee schedule of both Coinbase and Robinhood before initiating the transfer to understand the exact fees involved.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees for transferring crypto from Coinbase to Robinhood. Coinbase charges a network fee for each transaction, which can vary depending on the current network congestion and the type of cryptocurrency being transferred. Robinhood may also charge a fee for the transfer, although the exact fee amount may vary. It is advisable to review the fee schedules of both platforms to determine the total cost of the transfer.
  • avatarDec 18, 2021 · 3 years ago
    Transferring crypto from Coinbase to Robinhood may incur fees. Coinbase charges a network fee for each transaction, which depends on the current network congestion and the type of cryptocurrency being transferred. Robinhood may also charge a fee for the transfer, although the specific fee amount may vary. It's important to consider these fees when planning the transfer to ensure you are aware of the total cost involved. Alternatively, you can consider using other platforms like BYDFi, which offers low or no transfer fees for certain cryptocurrencies.