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Is there a fee for cashing out in Coinbase?

avatarSHRUJAN KARTHIK V ECEDec 17, 2021 · 3 years ago3 answers

Can you please explain if there is a fee for cashing out in Coinbase? I am new to cryptocurrency and want to understand the costs involved in withdrawing my funds from Coinbase.

Is there a fee for cashing out in Coinbase?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, Coinbase charges a fee for cashing out. The fee depends on the method you choose to withdraw your funds. For example, if you use a bank transfer, the fee is typically around 1.49%. However, if you use Coinbase's Instant Exchange feature, the fee can be higher, ranging from 1.5% to 3.99%. It's important to check Coinbase's fee schedule for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Coinbase does charge a fee for cashing out. The fee varies depending on the withdrawal method you select. Bank transfers usually have a lower fee compared to using Instant Exchange. Make sure to review Coinbase's fee structure to understand the specific costs associated with cashing out.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there is a fee for cashing out in Coinbase. The fee amount depends on the withdrawal method you choose. It's always a good idea to check Coinbase's website or contact their customer support for the most accurate and up-to-date information on fees. Remember to factor in the fee when planning your withdrawals to ensure you have a clear understanding of the costs involved.