Coinbase, Exchanges

How Do I Change My Miner Fee on Coinbase Wallet?

It’s not uncommon for cryptocurrency users to want to change their miner fee settings on occasion. Perhaps you’re trying to move your coins to a different wallet and want to save on fees, or maybe you’re just curious about how the fee system works.

In any case, if you’re looking to change your miner fee settings on Coinbase, here’s a quick guide on how to do it.

Changing your miner fee settings on Coinbase is a fairly simple process. First, log in to your account and navigate to the “Settings” page.

NOTE: WARNING: Changing the miner fee on your Coinbase wallet can be a complicated process and may have unintended consequences. If you are not familiar with the process, please consult an experienced cryptocurrency professional before attempting to make any changes. Additionally, be aware that if you try to change your miner fee without proper knowledge or understanding, you could lose access to your Coinbase wallet and/or funds.

From there, select the “Payments” tab and scroll down to the “Miner Fees” section. Here, you can choose between three different fee options: low, medium, and high.

The low setting will result in the Lowest possible fees when you make a transaction. However, it’s important to note that this option may result in your transaction taking longer to confirm.

The medium setting is a good compromise between fee and confirmation time, while the high setting will get your transaction confirmed more quickly but at a higher cost.

Once you’ve selected the setting you want, be sure to click “Save Changes” before exiting the page. And that’s all there is to it! Changing your miner fee settings on Coinbase is a quick and easy way to control how much you pay in fees when making cryptocurrency transactions.

Previous ArticleNext Article