Are there any fees associated with confirmations on Coinbase for Ethereum transactions?

3 answers

• JhwhappDec 19, 2021 · 4 years ago
  Yes, there are fees associated with confirmations on Coinbase for Ethereum transactions. When you send Ethereum from your Coinbase wallet to another address, you'll be charged a network fee. This fee is used to pay miners who validate and confirm your transaction on the Ethereum network. The fee amount can vary depending on the network congestion and the gas price you set for your transaction. It's important to note that Coinbase will display the fee amount before you confirm the transaction, so you'll always know how much you'll be charged.
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• Sıla AytaçNov 16, 2022 · 3 years ago
  Absolutely! Coinbase charges a fee for Ethereum transactions to cover the cost of network confirmations. The fee amount is determined by the current network congestion and the gas price you set for your transaction. It's worth noting that the fee is not fixed and can change over time. So, it's always a good idea to check the fee amount before confirming your transaction on Coinbase. Keep in mind that the fee goes to the miners who process and validate your transaction on the Ethereum network.
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• Sport worldNov 08, 2023 · 2 years ago
  Yes, there are fees associated with confirmations on Coinbase for Ethereum transactions. When you initiate an Ethereum transaction on Coinbase, you'll be prompted with the network fee amount before confirming the transaction. This fee is necessary to ensure that your transaction gets processed and confirmed by the Ethereum network. The fee may vary based on network congestion and the gas price you choose. It's important to carefully review the fee amount before proceeding with the transaction to avoid any surprises.
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