What are the fees involved in sending BTC from Coinbase to Poloniex?

3 answers

• Demo PingJun 23, 2023 · 3 years ago
  When sending BTC from Coinbase to Poloniex, there are typically two types of fees involved: network fees and exchange fees. Network fees are charged by the Bitcoin network to process and confirm the transaction. These fees can vary depending on the network congestion and the size of the transaction. Coinbase usually provides an estimate of the network fee at the time of the transaction. On the other hand, Poloniex charges its own exchange fee for depositing BTC. The exchange fee is a percentage of the total amount being deposited and can vary depending on the user's trading volume and account level. It's important to note that these fees are subject to change and it's always a good idea to check the latest fee schedule on both Coinbase and Poloniex websites before making any transactions.
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• Nedas GendrolisApr 20, 2021 · 5 years ago
  Sending BTC from Coinbase to Poloniex comes with certain fees that you should be aware of. First, there is the network fee, which is charged by the Bitcoin network to process the transaction. This fee can vary depending on the current network congestion and the size of the transaction. Additionally, Poloniex charges its own exchange fee for depositing BTC. The exchange fee is usually a percentage of the total amount being deposited and can vary based on factors such as the user's trading volume and account level. It's important to consider these fees when planning your transactions and to check the latest fee schedule on both Coinbase and Poloniex websites for accurate information.
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• Diwakar GuptaSep 27, 2022 · 3 years ago
  When it comes to sending BTC from Coinbase to Poloniex, you can expect to encounter some fees. Coinbase charges a network fee for processing the transaction on the Bitcoin network. This fee can vary depending on the current network congestion and the size of the transaction. Poloniex, on the other hand, charges an exchange fee for depositing BTC. The exchange fee is usually a percentage of the total amount being deposited and can vary based on factors such as the user's trading volume and account level. It's worth noting that these fees are subject to change, so it's always a good idea to check the latest fee schedule on both Coinbase and Poloniex websites for the most up-to-date information.
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