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Are there any fees involved in transferring Bitcoin from Cash App to Coinbase?

avatarCrane KempDec 17, 2021 · 3 years ago3 answers

I want to transfer my Bitcoin from Cash App to Coinbase, but I'm not sure if there are any fees involved. Can anyone tell me if there are any fees for transferring Bitcoin between these two platforms?

Are there any fees involved in transferring Bitcoin from Cash App to Coinbase?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees involved in transferring Bitcoin from Cash App to Coinbase. Cash App charges a fee of 1.5% for Bitcoin transactions, while Coinbase charges a network fee that varies depending on the current network congestion. It's important to check the fees on both platforms before making the transfer to ensure you're aware of the costs involved.
  • avatarDec 17, 2021 · 3 years ago
    Transferring Bitcoin from Cash App to Coinbase does come with fees. Cash App charges a 1.5% fee, and Coinbase charges a network fee. These fees are standard in the industry and are used to cover the costs of processing and confirming transactions on the blockchain. It's always a good idea to check the fees on both platforms before initiating the transfer to avoid any surprises.
  • avatarDec 17, 2021 · 3 years ago
    When transferring Bitcoin from Cash App to Coinbase, there are fees involved. Cash App charges a 1.5% fee for Bitcoin transactions, while Coinbase charges a network fee that varies depending on the current network congestion. It's important to consider these fees when deciding whether to transfer your Bitcoin between these platforms. If you're looking for a fee-free option, you may want to explore other exchanges or wallets that offer lower or no fees for Bitcoin transfers.