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Are there any fees involved when moving money from Binance to Coinbase and then to a bank?

avatarDaniela ChamorroDec 19, 2021 · 3 years ago3 answers

I want to transfer my funds from Binance to Coinbase and eventually to my bank account. Are there any fees associated with this process? How much should I expect to pay?

Are there any fees involved when moving money from Binance to Coinbase and then to a bank?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    When transferring money from Binance to Coinbase and then to your bank account, there are usually fees involved. Both Binance and Coinbase charge fees for withdrawals, and your bank may also charge fees for receiving the funds. The exact amount of fees can vary depending on the platforms and the amount you're transferring. It's best to check the fee schedules on both Binance and Coinbase websites to get an accurate estimate of the fees involved.
  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees when moving money from Binance to Coinbase and then to a bank. Binance charges a withdrawal fee, which varies depending on the cryptocurrency you're transferring. Coinbase also charges a fee for withdrawing funds to your bank account. Additionally, your bank may charge fees for receiving the funds. It's important to consider these fees when planning your transfers to avoid any surprises.
  • avatarDec 19, 2021 · 3 years ago
    When transferring money from Binance to Coinbase and then to your bank account, you may encounter fees at different stages. Binance charges a withdrawal fee, which can be found on their website. Coinbase also charges a fee for withdrawing funds to your bank account. As for the bank transfer, it's best to check with your bank to see if they charge any fees for receiving the funds. Keep in mind that fees can vary depending on the amount you're transferring and the specific cryptocurrencies involved.