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Are there any fees associated with transferring Bitcoin from Coinbase to Multibit?

avatarRudra PNov 26, 2021 · 3 years ago3 answers

I'm planning to transfer Bitcoin from Coinbase to Multibit, but I'm concerned about potential fees. Are there any fees associated with this transfer?

Are there any fees associated with transferring Bitcoin from Coinbase to Multibit?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Yes, there are fees associated with transferring Bitcoin from Coinbase to Multibit. Coinbase charges a network fee for each transaction, which can vary depending on the current network congestion. Additionally, Multibit may also charge a fee for receiving Bitcoin. It's recommended to check both Coinbase and Multibit's fee schedules before making the transfer to understand the exact costs involved.
  • avatarNov 26, 2021 · 3 years ago
    Transferring Bitcoin from Coinbase to Multibit does incur fees. Coinbase charges a fee for network transaction, and Multibit may also have its own fee for receiving Bitcoin. It's important to consider these fees when planning your transfer to ensure you're aware of the total cost involved.
  • avatarNov 26, 2021 · 3 years ago
    When transferring Bitcoin from Coinbase to Multibit, there are fees involved. Coinbase charges a network fee, which is determined by the current network congestion. Multibit may also charge a fee for receiving Bitcoin. It's advisable to review the fee schedules of both platforms to understand the charges before proceeding with the transfer. If you're looking for a fee-free alternative, you may consider using a different wallet or exchange that offers lower or no fees for Bitcoin transfers.