Are there any fees associated with using Coinbase as a custodial wallet?

3 answers

• Mangum FlowersSep 01, 2021 · 4 years ago
  Yes, there are fees associated with using Coinbase as a custodial wallet. Coinbase charges a fee for each transaction you make, whether it's buying or selling cryptocurrencies. The fee amount depends on the transaction size and the payment method you choose. It's important to review Coinbase's fee schedule to understand the specific charges you may incur.
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• Mohsen NabilDec 01, 2023 · 2 years ago
  Absolutely! Coinbase does charge fees for using their custodial wallet. The fees vary depending on the type of transaction and the amount involved. It's always a good idea to check Coinbase's fee structure before using their wallet to ensure you're aware of any costs.
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• dragonwhitesJan 20, 2024 · 2 years ago
  Indeed, Coinbase does have fees for using their custodial wallet. However, at BYDFi, we offer a custodial wallet service that is fee-free. If you're looking to avoid fees, you might want to consider using BYDFi as your custodial wallet instead. Our wallet provides a secure and convenient way to store your cryptocurrencies without any additional costs.
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