Right now, I am personal buying BTC from Strike and moving it to my Ledger once in a while. According to their website, the base rate for all purchase and sale transactions is 4%. but this can vary based on your location or payment method. does coinbase or coinbase pro charge a fee to send to kucoin? This is purely based on fees. Accordingly, Coinbase will charge a fee based on our estimate of the network transaction fees for a stand-alone wallet-to-wallet send. Select the type of fee, either "Regular" or "Priority" - these are the fees recommended by the wallet (service). Thanks for your comment! Go with Gemini instead then! Don't let Coinbase Pro scare you, especially if you are looking to save on fees. Thats so high. When I sell does this convert back to cash or bitcoin. Terra Classic (LUNC) Price Prediction 2023,2025,2030 Will LUNC Reach $1? To facilitate this transaction, you paid 0.004221 ETH ($8.02 USD) in network fee. So you have the Wallet app by Coinbase that has some BTC on it? Can you confirm? Coinbase allows buying with a bank account, debit or credit card, wire transfer or Paypal. If you plan to buy crypto with the intention of sending it to your hardware wallet, use Gemini since you can transfers coins out of the exchange for free (up to 10x per month). However, generally, youll be sending BTC to a wallet (a long chain of numbers and letters or a QR code). I recommend Binance for the US and internationally. Bought it a long time ago on Coinbase and then left it for years. I think the SAFEST thing to do is buy from Coinbase and pay the withdrawal fee as you are now. Coinbase is one of the most widely used crypto exchanges around. While not as bad in early 2021, matters quickly worsened as the cryptocurrency skyrocketed in popularity. It is unfortunate to see that same email in this post as it seems I have no way to access my funds. Now simply, enter in the amount of funds you want to move from Coinbase to Coinbase Pro, then when you want to withdraw it, you wont have to pay any fees.. Experienced educator with a drive to reform Computer Science Education. In short, Coinbase Pro fees are drastically lower, but still not as low as the competition. I think this would be the lowest fee route and the least amount of work/effort/risk. The best you can do is wait till you hold enough ETH to then withdraw it for that fee. The biggest problem crypto investors face right now is the high gas fees. Harness the power of DeFi to earn yield, grow your NFT collection, and much more. You could buy the USDT from Gemini since Gemini has no withdrawal fees (up to 10 total withdrawals for free per month) compared to what Coinbase will cost. 2) For relatively small amounts again should I buy using debit card or stick with a bank my current problem is that bank is taking ~5 business days THANK YOU! I have plenty of ETH in my coinbase pro wallet. Yes, technically you are trading one for the other so theres a fee. Hope this helps. However, currently you do have to pay a small network fee. Coinbase charges a base rate and a variable fee that can with a US bank account will cost 3.99% for $1000 in BTC. Glad to hear it! In other words, it helps you get access to Bitcoin and it charges you a big fee for it. In contrast, all other tokens built on Ethereum (also known as ERC-20 tokens) will also have lower gas fees when this new update goes into effect. The best way to lower your miner or gas fees is by trading during off-peak hours. A total sum of 0.017 eth! However, the normal Coinbase platform offers transfers for your cryptocurrency between your two accounts. In turn, every other token built on Ethereum (also called ERC-20 tokens), should also have lower gas fees once this new update takes effect. In your personal wallet, you generally get to decide how high of rate youd want to pay for faster or slower confirmations. Ive never needed to do that before so Im not familiar with this bank or process. How do I transfer all of my crypto from Coinbase to Coinbase Pro without leaving micro amounts. The fee charged to transfer from Coinbase/Pro to my Ledger NanoX appeared quite high. Crypto Ryan, thanks for this post! Now, people are trying to buy and sell cryptocurrencies, while many blockchain networks are straining under this new demand for transaction bandwidth. I recommend moving that coin over to Coinbase Pro to lower your fees paid vs. on Coinbase directly. - Then enter the fee amount in the "Transaction Fee" field, wich will be displayed in sat / bytes. Please, do make sure to put all the security features (2fA) on for your account for safety! I just moved .00282029 or $100 of BTC to an external wallet from Coinbase. Best Coinbase Alternatives for Buying Cryptocurrency by CryptoRyancy, https://pro.coinbase.com/wallets/deposits, https://www.cryptoryancy.com/the-difference-between-gdax-vs-coinbase-pro/, https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-, https://www.youtube.com/watch?v=auynRFS9uLQ, What is BTC: The Beginners Guide to Bitcoin, Everything You Need to Know About Cryptocurrency, Who Invented Bitcoin? I lean toward XLM these days. When youre ready to sell, you just send that coin back to your preferred exchange with a great fiat off-ramp and then sell it. As you can see its around 0.00516600 ETH to move that out which is about $9 at the current price. Ya, thats frustrating! So, you're either buying or selling to a trade that's been listed in the order book. Normally I have been exchanging DKK to EUR for buying crypto. Discover the benefits of borrowing against crypto assets, such as avoiding tax liabilities and benefiting from future appreciation, as well as the risks involved and ways to mitigate them. The fees are quite small and can actually be adjusted based on how fast you need confirmation. Because your account is already connected, it's easy to exchange between the two wallets. It appears Pro no longer exists, but Coinbase has advance trading feature with same fees and a new Coinbase One that is $29.99/mo but no fees. The best way to reduce your mining or gas fees is to trade during off-peak hours. I also tried to call the support number, but it doesnt connect me to a person. On top of the Coinbase transaction fees, you may see some fees outside of your Coinbase account - we're talking fees from your own bank. While its name implies that it is a version that should only be used for professional traders, don't allow it to intimidate you. This tends to be the largest Coinbase-specific fee a user has to pay. It's just that Coinbase isn't willing to absorb those costs for users anymore. Say Id like to transfer from Coinbase to, say, Binance. Also, Ive been looking at SwissBorg. Binance does not seem to allow fiat purchases. Unfortunately, I am not familiar enough with SwissBorg to give you an educated opinion (being from the States). It is unfortunate to see that same email in this post as it seems I have no way to access my funds. For other cryptos, its pretty tough to automate right now! It all depends on how much you trade and how much you move around your coins. Now personally, I would buy them a hardware wallet and put them $50 or whatever on it. Heres my referral link for Binance.us & Gemini if you need to sign up still. Coinbase Pro offers a much better deal compared vs Coinbase. This is what $100 in BTC looks like on Gemini, Coinbase & Binance.us: For Binance.us, the instant buy fee is 0.5% so at most your looking at $0.50 fee talk about a massive difference (no helpful screenshot available due to how they show fees on Binance.us)! Is that the US wire out fee? Thanks, Ryan. You can also set a custom fee (a fee of an arbitrary value). Good info. Thank you, you info seems very clear. Hi Ryan, I think you might be able to inform me as to why a very modest withdrawal (0.01 eth) from Coinbase to another much smaller exchange has cost me about 75% in transfer fees. Hey Ryan, I was using Coinbase Pro last year because of the lower fees for buying any crypto with fiat, I noticed though that since January 1st, 2021 the fees on Pro are the same as the normal Coinbase for the Maker/Taker transactions. I tried again and again to no avail. SERVICES. In general, youll see these types of issues with all the KYC exchanges. Hi Ryan I transferred 10 from blockchain to Coinbase for the first time as a trial move (new to trading)and was charged a further 10 for the privilege. Feel free to leave a comment below and I'll personally answer your questions. 1/2 So download Coinbase and also Coinbase wallet. I have been buying crypto through Coinbase Pro for just over a year now my portfolio consists mainly of ETH but I also have shares in 6 or 7 other listed companies on Coinbase Pro. Hello Ryan, I see you were charged $1.35 to move 1BTC out of Coinbase. Hi Henry! Another thing not many people know is that you can help increase your limits by adding more financial information to your account. When I went to transfer my coins they were going to charge me $72 to transfer just the bitcoins and I dont have that much. And have a completely unique/complicated password. I hope this helps! So then I moved $100 and the fee was $11.55 (net $89.45 to wallet). All Coinbase Wallet transactions are processed on the blockchain which means senders will be charged a miner fee. Coinbase does have very low withdrawal rates, BUT high buying fees. Did the ledger show the fee or was this the fee Coinbase said it was during the withdrawal process? Coinbase does not charge to or from their wallets. WHY DO YOU HAVE TO PAY TAX BEFORE YOU CAN WITHDRAW. You just get charged on the base currency/coin like USD, BTC, ETH, etc. To set the fee you want, go to the "Customize Fee" tab. I recently transferred ETH from Coinbase to my Nano S for the first time. Lost 0.04ETH from two failed transactions. Thank you very much in advance for your attention and your time. I have also tried reaching the team via Twitter, no response. Does it cost anything in terms of fees to send Bitcoin to an email? Personally, I do not trade on CBP anymore. I do think ETH has big moon potential still since its usually a market cycle behind BTC. If you are buying or selling from $26.50 to $51.99, the trading fee is $1.99. If you are buying or selling between $11 and 26.49, the trading fee is $1.49. Should I transfer to coinbase pro before sending to my Ledger for less fees? Is this correct? PS your reviews are great, especially for someone like me overwhelmed with questions. In particular, all outbound transactions require a miner fee to be processed. Hey Ryan. Cheers. Hi Ryan. Margin or Spread Fees The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Cant find any info on their site though. Ive always heard of famous cryptocurrency YouTubers getting their account closed as well. Itll probably more expensive to use Coinbase to withdraw, but it will be the fastest. Also, the cost is the same whether you send it to KuCoin or Binance.us or Gemini. If you plan to buy more than $100 worth, this link will earn you and me both an extra $10: Sign Up Here. Eventually there might be atomic swaps for free off the exchanges. Hi Ryan, some great information here thanks for sharing your experience. Personally, I do 95% of all my trading on Binance.com and Binance.us. Either a flat fee or variable fee will be added to a transaction on the normal Coinbase platform. Well done! So, let's say, you entered $100 into the app as the amount you are wishing to buy. I am a newbie in this type of investments. The lack of customer experience at Coinbase Wallet is causing me to lose trust with the brand. If youre looking for different wallet, Ive got a detailed list ofmy favorite crypto walletshere. The best way to reduce your mining or gas fees is to trade during off-peak hours. There are also options to further secure your wallet with 2FA methods. But this would be a bit more difficult and costly (but way safer!). All fees we charge will be disclosed at the time of your transaction. One what is the best way for me to get my crypto from coinbase to my Ledger X Nano with least fees? That seams very expensive, about $8 to send/receive $180 worth of ETH. But the ledger will say the actual costs Coinbase paid vs. what you actually paid. Fees Overview $0.99 trade fee for transactions $0-$10. Its also instant. Im still unclear about this, after searching about this I come across your site, but nobody can simply answer this question, which I think everyone would want to know. To lower your fees during your withdrawal, I recommend selecting a fast and low fee coin to do so. This is especially true with things like with spread fees since your trades will be happening much faster. They gave me 14 days to get everything out. A 'taker' is when you remove part of the order book. Fine with holding shorter term in Coinbase, that use for purchasing NFTs, but since pay fee to buy crypto, hate to pay fee again to just move it to my ledger wallet. We are going to cover transaction fees, withdrawal fees and how to get lower fees to get the most out of crypto trading. Mining fee is just a fee that Coinbase users have to pay. Hi Tom! With coinbase pro, not all coins can be converted, they need to be a trading pair to do so. Not much you can do about the transfer fee. I am generally sticking to the top 10 best coins BTC, ETH, ADA, DOT, LINK, etc.