Transferring BTC from Coinbase to Nano Ledger Fees?

[jerry0]

I want to transfer btc from coinbase to nano ledger.  I have never done this.  I previously had coins sent from nano ledger to coinbase just to store some there.


What exactly is the fee when doing this?  Because when I went to coinbase account and clicked on withdrawing btc from my coinbase account on my computer, for some reason I can't choose the amount of btc I want to withdraw. but the USD amount?  Also why does it not show the btc amount that I am withdrawing?


Now if I use my iphone, you have to type in the USD amount from coinbase on the coinbase app just like on the desktop?  It does show the total btc amount though.  But you cannot choose to send a certain amount of btc from coinbase and it needs to be in USD?  That makes zero sense.

[mk4]

I don't have a Coinbase account so I don't know for sure, but I assume the "withdraw" function is for withdrawing the actual dollars to your bank account. I assume they have some sort of "send" button for sending out bitcoin?

As for the fees, you're just going to pay for the on-chain transaction fee.

[jerry0]

Well withdraw I assume means withdrawing to bank account.  But I mean transferring btc from coinbase to nano ledger.


So does coinbase tell you exactly the total amount of btc you will receive before you do the transer?  The on chain transaction fee... is how much on coinbase?


Is the fee the same whether I do this on coinbase or coinbase pro?  Again, I just want to transfer my btc balance from coinbase... to nano ledger.

[mk4]

Well withdraw I assume means withdrawing to bank account.  But I mean transferring btc from coinbase to nano ledger.


So does coinbase tell you exactly the total amount of btc you will receive before you do the transer?  The on chain transaction fee... is how much on coinbase?


Is the fee the same whether I do this on coinbase or coinbase pro?  Again, I just want to transfer my btc balance from coinbase... to nano ledger.

Re-read my previous response: look for the "send" option if you want to get your bitcoin out of Coinbase.

Here, I Googled it for you: https://help.coinbase.com/en/wallet/sending-and-receiving/how-do-i-send-and-receive-crypto-through-wallet

And again, as per Coinbase's fees page, you're only going to pay for the on-chain transaction fees. You know the fees you pay for sending bitcoin using a non-custodial wallet? That fee. The average fee changes like every few seconds.

[jerry0]

Okay I see option to send on coinbase.


You could send it to mobile, email or address?  I don't think I ever seen this before.  When I sent btc, it was always to a btc address.


So after I type in the btc address, then click continue, it will tell me exactly the btc fee that will be deducted and the btc that will be sent to my nano ledger right?  So the fee will be an onchain fee and should be no more than a few dollars?  Again i remember when I withdrew from binance a while back, the btc withdraw fee was a flat 0.005 btc. 

[mk4]

You could send it to mobile, email or address?  I don't think I ever seen this before.  When I sent btc, it was always to a btc address.

You can also send to mobile numbers and email addresses, but that's only for sending the bitcoin to other Coinbase users. For any other wallet you use a BTC address.

So after I type in the btc address, then click continue, it will tell me exactly the btc fee that will be deducted and the btc that will be sent to my nano ledger right?  So the fee will be an onchain fee and should be no more than a few dollars?  Again i remember when I withdrew from binance a while back, the btc withdraw fee was a flat 0.005 btc.  

Mate you can just test it out yourself and you'd immediately have the answer. I don't have Coinbase so I don't know how it exactly works. But it should be the same general process as any other exchange; or at least very close.

As for the fees, it should be only be one or a few dollars, but I don't know how Coinbase calculate's the fee so you just have to test it out yourself. As for Binance, they demand a flat fee, so the fees are going to be different.

[tranthidung]

• Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
• You have habit to make duplicate topics on different boards. It violates forum rules #12

12. No duplicate posting in multiple boards (except for re-posting topics in the local language boards if they're translated and re-posting marketplace topics in the altcoin boards if altcoins are accepted).

Another thread of yours on same issue: https://bitcointalk.org/index.php?topic=5385444.0

Your topic list shows your habit which you should change: https://bitcointalk.org/gettopics.php?user=1152036

[_act_]

You could send it to mobile, email or address?  I don't think I ever seen this before.  When I sent btc, it was always to a btc address.

You can also send to mobile numbers and email addresses, but that's only for sending the bitcoin to other Coinbase users. For any other wallet you use a BTC address.

That is it, on custodial wallets and including exchanges, if you have a user that is using the same custodial wallet or exchange that you are using, you can request for mobile number or email if the wallet or the exchange supports that, most likely the transaction will be free or at a very low fee. For Coinbase, I think it is free, you are not sending bitcoin on blockchain but just within users on Coinbase which makes it to be free, only thing Coinbase will do is to just automatically edit your Bitcoin balance and the receiver's Bitcoin balance. For people that are using another wallet or exchange or if it is a noncustododial wallet you are sending from, you will have to pay fee for miners to get you transaction into a block.