What are the charges for sending Bitcoin on Coinbase?

3 answers

• Dec 19, 2021 · 3 years ago
  When sending Bitcoin on Coinbase, there are transaction fees involved. These fees vary depending on the size of the transaction and the current network congestion. Coinbase charges a network fee, which is a small amount of Bitcoin deducted from the total amount being sent. This fee goes to the miners who validate and process the transactions on the Bitcoin network. The fee is dynamic and can change based on the network conditions. It's important to note that Coinbase will always display the fee amount before confirming the transaction, so you can review and accept it before proceeding.
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• Dec 19, 2021 · 3 years ago
  Sending Bitcoin on Coinbase comes with transaction fees. These fees are necessary to ensure the smooth and secure processing of your transaction. The fees are calculated based on the size of the transaction and the current network congestion. Coinbase will display the fee amount before you confirm the transaction, so you have full transparency. It's important to consider the fees when sending Bitcoin, especially for smaller transactions where the fee percentage might be higher.
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• Dec 19, 2021 · 3 years ago
  When you send Bitcoin on Coinbase, you'll encounter transaction fees. These fees are necessary to incentivize miners to include your transaction in the blockchain. The fees are dynamic and can change based on the network conditions. Coinbase provides a clear breakdown of the fees before you confirm the transaction, so you can make an informed decision. Keep in mind that transaction fees are a standard practice in the cryptocurrency industry, and Coinbase's fees are competitive compared to other exchanges.
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