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

avatarElgaard ValentineDec 18, 2021 · 3 years ago3 answers

I'm planning to transfer my Bitcoin from Coinbase to Breadwallet. I'm wondering if there are any fees involved in this transfer? Can someone please clarify if there are any charges for transferring Bitcoin between these two wallets?

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

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees involved in transferring Bitcoin from Coinbase to Breadwallet. Coinbase charges a network fee for every outgoing transaction, which is deducted from the total amount you're transferring. The fee amount varies depending on the current network congestion and can be viewed before confirming the transfer. Additionally, Breadwallet may also charge a small fee for receiving Bitcoin, although this fee is usually negligible. It's always a good idea to check the fee details on both platforms before initiating the transfer to avoid any surprises.
  • avatarDec 18, 2021 · 3 years ago
    Transferring Bitcoin from Coinbase to Breadwallet does involve fees. Coinbase charges a network fee for processing the transaction, which is deducted from the total amount being sent. The fee amount is dynamic and depends on the current network conditions. Breadwallet, on the other hand, may not charge any fees for receiving Bitcoin. However, it's important to note that the transaction fees are subject to change, so it's recommended to check the fee details on both platforms before making the transfer.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with transferring Bitcoin from Coinbase to Breadwallet. Coinbase charges a network fee for every outgoing transaction, which is deducted from the total amount being transferred. The fee amount is determined by the current network congestion and can vary. As for Breadwallet, they generally don't charge any fees for receiving Bitcoin. However, it's always a good practice to double-check the fee details on both platforms before initiating the transfer to ensure you're aware of any charges involved.