Are there any fees or penalties associated with cancelling a transaction on Coinbase?

6 answers

• Dilpreet SinghJul 26, 2020 · 5 years ago
  Yes, Coinbase charges a fee for cancelling a transaction. The fee amount depends on the type of transaction and the currency involved. It is important to note that this fee is deducted from the amount you would have received if the transaction had been completed. So, it's always a good idea to double-check your transaction details before confirming to avoid unnecessary fees.
  377

  189
• SaturnJun 05, 2025 · 3 months ago
  Cancelling a transaction on Coinbase may result in penalties, especially if the cancellation is done frequently. Coinbase has a policy to discourage excessive cancellations, as it can disrupt the market and cause inconvenience to other users. Therefore, it's advisable to carefully consider your transactions before initiating them to avoid any penalties.
  355

  119
• Munawar hussian1111Apr 25, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can confirm that cancelling a transaction on Coinbase does come with fees. However, it's important to note that these fees are not set in stone and can vary depending on various factors. It's always a good practice to review Coinbase's fee schedule or contact their customer support for the most accurate and up-to-date information on transaction cancellation fees.
  412

  103
• Rotaru SilviuJan 07, 2021 · 5 years ago
  Canceling a transaction on Coinbase can be a frustrating experience, especially if you're not aware of the potential fees involved. Coinbase does charge fees for cancelling transactions, and these fees can vary depending on the specific circumstances. It's always a good idea to review Coinbase's terms and conditions or reach out to their customer support for more information on cancellation fees.
  399

  80
• OnigiriMay 01, 2024 · a year ago
  When it comes to cancelling a transaction on Coinbase, it's important to understand that there may be fees or penalties involved. Coinbase is known for its transparent fee structure, and cancellation fees are no exception. It's recommended to check Coinbase's website or contact their support team for detailed information on the fees associated with cancelling a transaction.
  376

  63
• HanFeb 15, 2023 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, does not charge any fees or penalties for cancelling a transaction. We believe in providing our users with the freedom to manage their transactions without any additional costs. However, it's always a good idea to review the specific terms and conditions of the exchange you are using to ensure you are aware of any potential fees or penalties that may apply.
  401

  58