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Are there any fees involved when selling Bitcoin on Coinbase for cash?

avatarEdward ElricDec 17, 2021 · 3 years ago3 answers

When selling Bitcoin on Coinbase for cash, are there any fees involved? I'm wondering if I'll be charged any fees for converting my Bitcoin to cash on the Coinbase platform.

Are there any fees involved when selling Bitcoin on Coinbase for cash?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees involved when selling Bitcoin on Coinbase for cash. Coinbase charges a fee for converting your Bitcoin to cash, which is typically a percentage of the transaction amount. The fee can vary depending on your location and the payment method you choose. It's important to check Coinbase's fee schedule to understand the exact fees you'll be charged.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! When you sell Bitcoin on Coinbase for cash, there will be fees involved. Coinbase is a reputable cryptocurrency exchange, and like any other exchange, they charge fees for their services. The fees may vary depending on the transaction amount and the payment method you use. It's always a good idea to review the fee schedule on Coinbase's website to get a clear understanding of the fees involved.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees involved when selling Bitcoin on Coinbase for cash. However, if you're looking for a fee-free option, you might want to consider using BYDFi. BYDFi is a decentralized exchange that allows you to sell Bitcoin for cash without any fees. It's a great alternative for those who want to avoid paying fees. Just keep in mind that BYDFi is a relatively new platform, so it's important to do your own research before using it.