Why does Coinbase charge a high fee for sending funds to Kucoin?

3 answers

• Ashish Kumar MauryaMar 10, 2024 · 2 years ago
  Coinbase charges a higher fee for sending funds to Kucoin due to the additional costs and risks involved in the transaction. When sending funds to another exchange, Coinbase needs to ensure the security and integrity of the transaction, which requires additional resources and measures. These extra costs are reflected in the higher fee charged.
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• Ricardo BlohmJan 29, 2023 · 3 years ago
  The high fee charged by Coinbase for sending funds to Kucoin may also be attributed to the difference in transaction processing and network fees between the two exchanges. Each exchange has its own fee structure and network costs, which can vary depending on factors such as transaction volume and network congestion.
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• Teja addankiOct 13, 2020 · 5 years ago
  As an expert from BYDFi, I can tell you that Coinbase's higher fee for sending funds to Kucoin is not unique to this specific exchange pair. Many exchanges charge higher fees for sending funds to other platforms due to the additional complexities and risks involved in cross-platform transactions. It's important to consider the security and reliability of the transaction when evaluating the fee structure of different exchanges.
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