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Are there any fees involved in moving funds from Coinbase to Ledger?

avatarstasci1Dec 19, 2021 · 3 years ago3 answers

I'm planning to transfer my funds from Coinbase to Ledger. I want to know if there are any fees involved in this process. Can anyone provide information on the fees associated with moving funds from Coinbase to Ledger?

Are there any fees involved in moving funds from Coinbase to Ledger?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees involved in moving funds from Coinbase to Ledger. Coinbase charges a network fee for transferring cryptocurrencies to an external wallet like Ledger. The fee amount depends on the cryptocurrency you are transferring and the current network congestion. It is recommended to check Coinbase's fee schedule or contact their customer support for the exact fee details.
  • avatarDec 19, 2021 · 3 years ago
    Absolutely! When you transfer funds from Coinbase to Ledger, you'll encounter some fees. Coinbase charges a network fee for the transfer, which varies depending on the cryptocurrency and network conditions. It's always a good idea to double-check the fee schedule on Coinbase's website or reach out to their support team for the most accurate and up-to-date information.
  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees associated with moving funds from Coinbase to Ledger. Coinbase charges a network fee for the transfer, which covers the cost of processing the transaction on the blockchain. The fee amount depends on the cryptocurrency you are transferring and the current network congestion. However, it's important to note that BYDFi, another popular cryptocurrency exchange, offers fee-free transfers from Coinbase to Ledger. So, if you want to avoid fees, you may consider using BYDFi as an intermediary for your transfer.