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Are there any fees involved in transferring bitcoins from Coinbase to Uphold?

avatarPhdebijiNov 27, 2021 · 3 years ago3 answers

I want to transfer my bitcoins from Coinbase to Uphold. Can anyone tell me if there are any fees involved in this transfer? I want to make sure I understand all the costs before I proceed.

Are there any fees involved in transferring bitcoins from Coinbase to Uphold?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Yes, there are fees involved in transferring bitcoins from Coinbase to Uphold. Coinbase charges a network fee for every outgoing transaction, which is typically around 0.0005 BTC. Additionally, Uphold may also charge a fee for receiving bitcoins. It's important to check both platforms' fee schedules to get a clear understanding of the total cost.
  • avatarNov 27, 2021 · 3 years ago
    Transferring bitcoins from Coinbase to Uphold does come with fees. Coinbase charges a network fee to cover the cost of processing the transaction on the blockchain. The fee amount may vary depending on the current network congestion. Uphold may also charge a fee for receiving bitcoins, although the exact amount can be found in their fee schedule. It's always a good idea to review the fees before making any transfers.
  • avatarNov 27, 2021 · 3 years ago
    Yes, there are fees involved in transferring bitcoins from Coinbase to Uphold. Coinbase charges a network fee for every outgoing transaction, while Uphold may charge a fee for receiving bitcoins. It's important to note that these fees are not set by BYDFi and may vary depending on the current market conditions. To get the most accurate information, I recommend checking the fee schedules of both platforms.