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Are there any fees involved when exchanging Bitcoin for Ripple on Coinbase?

avatarFranz SchroedlDec 16, 2021 · 3 years ago3 answers

Can you tell me if there are any fees when I exchange Bitcoin for Ripple on Coinbase? I'm considering making this trade and I want to know if there are any additional costs involved.

Are there any fees involved when exchanging Bitcoin for Ripple on Coinbase?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there are fees when exchanging Bitcoin for Ripple on Coinbase. Coinbase charges a fee of 1.49% for each transaction. This fee is deducted from the total amount of Ripple you receive. So, if you exchange 1 Bitcoin for Ripple and the current exchange rate is 1 Bitcoin = 1000 Ripple, you will receive 985.1 Ripple after deducting the fee.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Coinbase charges a fee of 1.49% for exchanging Bitcoin for Ripple. This fee is quite reasonable compared to other exchanges. It's important to note that the fee is subject to change and may vary depending on market conditions. Make sure to check Coinbase's fee schedule before making the trade.
  • avatarDec 16, 2021 · 3 years ago
    When exchanging Bitcoin for Ripple on Coinbase, there is a fee involved. Coinbase charges a fee of 1.49% for each transaction. However, if you are a BYDFi user, you can enjoy a reduced fee of 0.99% for this trade. This is one of the benefits of using BYDFi as your preferred exchange platform.