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Are there any fees associated with transferring from Coinbase to MetaMask?

avatardragondevDec 19, 2021 · 3 years ago3 answers

I'm planning to transfer my funds from Coinbase to MetaMask, but I'm concerned about any potential fees. Are there any fees associated with transferring from Coinbase to MetaMask?

Are there any fees associated with transferring from Coinbase to MetaMask?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees associated with transferring from Coinbase to MetaMask. Coinbase charges a network fee for sending cryptocurrencies to external wallets like MetaMask. The fee amount depends on the cryptocurrency you're transferring and the current network congestion. It's recommended to check Coinbase's fee schedule for the specific fee amount before initiating the transfer.
  • avatarDec 19, 2021 · 3 years ago
    Absolutely! When you transfer funds from Coinbase to MetaMask, Coinbase will deduct a network fee from the total amount. The fee varies depending on the cryptocurrency you're transferring. It's always a good idea to check the fee schedule on Coinbase's website to get an accurate estimate of the fees before making the transfer.
  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees involved in transferring from Coinbase to MetaMask. However, the fees are not charged by MetaMask but by Coinbase. Coinbase charges a network fee for sending cryptocurrencies to external wallets. The fee amount depends on the cryptocurrency you're transferring and the current network congestion. It's advisable to check Coinbase's fee schedule to get an idea of the fees before proceeding with the transfer. As a user of BYDFi, I can confirm that BYDFi also charges a network fee for transferring cryptocurrencies to MetaMask or any other external wallet.