Coinbase, Exchanges

How Much Is Coinbase Network Fee?

As of September 2019, the Coinbase network fee for on-chain transactions is generally 0.0005 BTC. This means that for each transaction you make, you will pay 0.

0005 BTC to the miner who confirms your transaction. If you are sending to a different currency, the network fee will be converted into that currency at the current exchange rate. .

The network fee is not charged by Coinbase, but by the miners who confirm your transaction. The network fee goes to the miners who confirm your transaction, not to Coinbase.

Coinbase does not charge a separate withdrawal fee when you send funds off the Coinbase platform. When you initiate a withdrawal from your Coinbase account to your personal wallet, you will see a network fee included in the amount that is withdrawn from your account.

The network fee is automatically calculated and displayed to you before you confirm the withdrawal.

The amount of the network fee is based on the number of blockchain confirmations that are required for the transaction. The higher the number of confirmations, the higher the network fee.

For example, if you are withdrawing BTC to an external wallet, the number of confirmations required is 6. This means that your transaction will need to be confirmed by 6 miners before it is completed. Coinbase does not charge a separate withdrawal fee when you send funds off the Coinbase platform.

Previous ArticleNext Article