Are there any fees associated with using a SegWit address on Coinbase?

3 answers

• Feb 19, 2022 · 3 years ago
  Yes, there are fees associated with using a SegWit address on Coinbase. When you send Bitcoin from a SegWit address, you may be charged a lower transaction fee compared to using a regular address. This is because SegWit addresses allow for more efficient use of block space, resulting in smaller transaction sizes. However, the exact fee amount will depend on various factors such as network congestion and the fee policy of Coinbase. It's always a good idea to check the current fee rates on Coinbase before making a transaction.
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• Feb 19, 2022 · 3 years ago
  Using a SegWit address on Coinbase can help you save on transaction fees. SegWit addresses have lower fees because they use a different transaction format that allows for more transactions to be included in each block. This means that the fees associated with SegWit transactions are generally lower compared to regular transactions. However, it's important to note that the fee amount can still vary depending on network conditions and Coinbase's fee structure.
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• Feb 19, 2022 · 3 years ago
  Absolutely! When you use a SegWit address on Coinbase, you can enjoy lower transaction fees. SegWit addresses use a more efficient transaction format that allows for reduced fees compared to regular addresses. This can be especially beneficial during times of high network congestion when fees tend to spike. So, if you want to save some bucks on fees, using a SegWit address on Coinbase is definitely a smart move. By the way, if you're looking for a user-friendly exchange that supports SegWit, you might want to check out BYDFi. They offer competitive fees and a seamless trading experience.
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