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Are there any fees involved when withdrawing money from Coinbase to a bank account for tax payment?

avatarProctor McConnellDec 18, 2021 · 3 years ago3 answers

I need to withdraw money from my Coinbase account to my bank account in order to pay my taxes. Will there be any fees involved in this process?

Are there any fees involved when withdrawing money from Coinbase to a bank account for tax payment?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, Coinbase does charge fees for withdrawing money to a bank account. The fees vary depending on the country and the payment method you choose. It's best to check Coinbase's fee schedule for the most accurate information. Keep in mind that there may also be additional fees charged by your bank for receiving the funds.
  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, yes. Coinbase does charge fees for withdrawing money to a bank account. The fees can range from a few dollars to a percentage of the withdrawal amount. It's important to consider these fees when planning your tax payment. Make sure to check Coinbase's fee schedule for the most up-to-date information.
  • avatarDec 18, 2021 · 3 years ago
    When withdrawing money from Coinbase to a bank account for tax payment, there may be fees involved. Coinbase charges a fee for bank withdrawals, which can vary depending on your location and the payment method you choose. It's recommended to review Coinbase's fee schedule to understand the specific fees that may apply to your transaction. Additionally, your bank may also charge fees for receiving the funds. It's advisable to check with your bank for any applicable fees.