Are there any fees involved in moving bitcoin from Coinbase to a software wallet?

3 answers

• Kamran AlakbarliJun 14, 2022 · 3 years ago
  Yes, there are fees involved in moving bitcoin from Coinbase to a software wallet. Coinbase charges a network fee for every outgoing transaction, which is determined by the current network congestion and transaction size. Additionally, the software wallet you choose may also have its own fees for receiving bitcoin. It's important to check both Coinbase's fee schedule and the software wallet's fee structure before making the transfer to understand the total cost involved.
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• dickensSep 11, 2020 · 5 years ago
  Absolutely! When you transfer bitcoin from Coinbase to a software wallet, you'll incur network fees. These fees are necessary to ensure the transaction is processed on the blockchain. The fees can vary depending on the current network congestion and the size of your transaction. It's always a good idea to check Coinbase's fee schedule and the software wallet's fee structure to get an idea of the total fees involved before making the transfer.
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• Shivani GiriJun 14, 2022 · 3 years ago
  Yes, there are fees involved in moving bitcoin from Coinbase to a software wallet. Coinbase charges a network fee for every outgoing transaction, which is deducted from the amount you're transferring. The fee amount depends on the current network congestion and the size of your transaction. Additionally, the software wallet you choose may have its own fees for receiving bitcoin. It's important to consider these fees when deciding whether to transfer your bitcoin from Coinbase to a software wallet.
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