Coinbase Bitcoin transfer fees?

[jackhulk]

Hello

I'm trying to discover Coinbase fees without getting a nasty shock when it comes to withdrawing Bitcoins, but their fee pages is very vague...

Transfers of virtual currency to an address off the Coinbase platform may incur network transaction fees, such as bitcoin miner’s fees, which Coinbase may pass through to you. Any such transfer fees will be disclosed to you at the time of the transaction.

Can anyone confirm if fees are passed on to us, and if so what percentage please?

Thank you

[1714895518]

1714895518

[1714895518]

1714895518

[1714895518]

1714895518

[Anonylz]

coinbase fees are very expensive at the moment, i have a coinbase wallet and i wanted to send a payment yesterday, they charged me over $4 for fees when blockchain wallet fees are less than $2,5 each transaction.
But yes, it does not depends on Coinbase, it is because how the blockchain is at the moment that you want to send your payment, if the miners are busy then the transaction will cost you a little bit more money, and this is how it works and why transactions are taking a lot of time to be confirmed.

[LordMonopoly]

Go here for the fees: https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
There is also fees when you withdraw (1,50%) I think, but they are really clear on the fees when you buy/sell, you won't have any surprises afterwards.

You can also go on GDAX if you want to buy/sell without fees, it is part of Coinbase so you don't have to create a new account and you can transfer between the 2 platforms easily. There is no fees on GDAX when you place a maker order, and there is small fees when you are a taker.

[BitMaxz]

I think you found this  on their support page where you can find here https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
are you planning to withdraw your bitcoin?
they already listed the withdrawal fees with percentage in the link above which is works for bank and debit cards..

But if you are talking about sending bitcoin to another wallet or paying services online the fee is auto estimates i think they are always using the priority setup or high fee.. for fast transaction..

I stop using their service because you can't manually pay miners fee for every transaction unlike other wallet that you can manually pay miners fee .. like electrum wallet..
If you wanted to take advantage and safety and wanted to manually pay  your fee for every send transaction better to use electrum wallet just my opinion..

[jackhulk]

Wow thanks all for the quick response! Think I will like it here!  

I'm aware of all the other fees, but it's the fees for withdrawing/sending Bitcoin to my own wallet (say to Electrum for example) that I'm trying to ascertain. Any idea if it's a flat fee or a percentage, and if so any idea of percentage charged please?

[BlackBi88]

At the current, Coinbase have high transaction cost of fee, you may consider switching to another wallet to make a transaction to reduce fee for example Gdax

[jackhulk]

Found this...

https://support.coinbase.com/customer/en/portal/articles/815435-does-coinbase-pay-miner-fees-?b_id=13521

Coinbase does not pay the network mining fee on behalf of customers for outgoing digital currency transactions.

The fee you pay for outgoing transactions is calculated dynamically at the time the transaction is created. This means that the fee may be higher or lower depending on the overall transaction volume currently on the digital currency network. The fees are displayed on the send confirmation screen. Please note that no portion of this fee goes to Coinbase.

Would be great to hear from someone whom has sent Bitcoin from Coinbase to another wallet and what it cost in miner fees percent wise please.

[LeGaulois]

Found this...

https://support.coinbase.com/customer/en/portal/articles/815435-does-coinbase-pay-miner-fees-?b_id=13521

Coinbase does not pay the network mining fee on behalf of customers for outgoing digital currency transactions.

The fee you pay for outgoing transactions is calculated dynamically at the time the transaction is created. This means that the fee may be higher or lower depending on the overall transaction volume currently on the digital currency network. The fees are displayed on the send confirmation screen. Please note that no portion of this fee goes to Coinbase.

Would be great to hear from someone whom has sent Bitcoin from Coinbase to another wallet and what it cost in miner fees percent wise please.

There are no percentage fees when making a transaction, the fee is fixed. You can see it once you entered the BTC address and the amount. If I remember correctly the fee is about 0.001BTC no matter the amount you are trying to send. And of course, the sender is charged for this fee, not the address receiving it

[jackhulk]

Great stuff, thanks LeGaulois.

[LTU_btc]

Last time when I sent bitcoins from Coinbase wallet few weeks ago, I was charged ~0.0004 btc fee. Amount that I sent was almost 0.1 btc. I was surprised that fee wasn't so high as it was previously

[dunfida]

Found this...

https://support.coinbase.com/customer/en/portal/articles/815435-does-coinbase-pay-miner-fees-?b_id=13521

Coinbase does not pay the network mining fee on behalf of customers for outgoing digital currency transactions.

The fee you pay for outgoing transactions is calculated dynamically at the time the transaction is created. This means that the fee may be higher or lower depending on the overall transaction volume currently on the digital currency network. The fees are displayed on the send confirmation screen. Please note that no portion of this fee goes to Coinbase.

Would be great to hear from someone whom has sent Bitcoin from Coinbase to another wallet and what it cost in miner fees percent wise please.

There no % because fees are always fixed when you do make transfers of bitcoin on another wallet.As my recent transaction using coinbase ive been charged up by 0.0003 btc = $2 on the current price of bitcoin.It might be high specially for micro transactions which I don't really recommend on using coinbase since you cant able to edit or customize your fee unlike on blockchain and electrum which you can able to change the fees according to your decision.