If you want to know how the processes of Coinbase fees work, including how to avoid them, continue reading this article. Hi Cisco! I know ledger has a partner coinify or something I havent looked into yet but just wondering if you had an idea of what would be cheapest / easiest automation of purchases? I guess Coinbase noticed what people were doing and made it all the same for the transaction fees between Coinbase and Coinbase Pro. I recently moved my largest holdings from Celsius to my HW wallet because I have the keys. How about the costs when tradingexchanging one coin for another. Hey guys new to Kucoin and was seeing if its easy to transfer anything to Coinbase. With Coinbase and just about any exchange, youll want to send out your crypto in bigger blocks to keep your fees low. In your personal wallet, you generally get to decide how high of rate youd want to pay for faster or slower confirmations. Plus you have strange imposed limits and other regulations hidden in the small print. How much fees they deduct from me ? Stuff like this is leading a lot of people to move over to different exchanges with better rates. However, my math generally shows that Binance.us is still cheaper than Gemini and Coinbase when factoring in the withdrawal and trading fees. 5 riefentendre 2 yr. ago Yes and faster Koppper05 2 yr. ago Thank you so much! Also, Ive been looking at SwissBorg. To lower your fees during your withdrawal, I recommend selecting a fast and low fee coin to do so. You may also check it on the deposit page if . I have been interested in Bitcoin since way back in the day when it was gong for $5,000, now at 11X that amount I am really wishing I pulled the trigger. Now you say there is a fee to own Bitcoin, but what if I buy it through ETRADE, I have funds in my online trade account and it would simply purchase it from there correct? All Rights Reserved. But for now, heres the breakdownGemini is cheaper than Coinbase and Binance is cheaper than Gemini. With Kucoin, you can keep it on their exchange until you do get yourself a wallet. I just moved 1 BTC a week or so ago and it cost 0.0000417 BTC which was around $1.35 to move over $35K in BTC. How much will the receiving person be charged to complete this transaction. Only their value in Euros or Dollars changes (increases or decreases). Then, there is no way to get the remaining amount out of Coinbase. I generally move XLM or LTC out CB to exchanges since its super quick and low cost. Thanks! Hey Ryan! Before you all jump to Binance under false pretences of low fees.. Its almost as if they dont want this type transaction to take place. Unfortunately, theres nothing you can do about the withdrawal fees you need to pay to Coinbase to get the crypto to your wallet. Absolutely! Hey Ryan: I am in TX and unfortunately, Binance is not available for TX residents. I mean they will be going public soon. 1. What is the best coin to move between Coinbase and KuCoin? You can use fiat currency (like USD) to purchase cryptocurrency with Coinbase. You can make a selection on this page, or you could go to the trade section and click on buy near the coin you want to deposit into as well. Instead, you have to buy it via the Kucoin Exchange. If you make a transaction of $78.06 or more, with a credit card or debit card and then transfer all your proceeds into your PayPal account, you will have to pay a variable fee in the amount of 3.99%. Thanks in advance. Now apparently I made 50k with that investment but the person who invited me to invest is asking me to pay 10% of those 50k in commissions but she is saying that I have to pay 5k out of pocket. Any help would be appreciated. On KuCoin, go to your Main Account and click on " Deposit " next to the selected coin, in this case, Tether (USDT). Consequently, I started storing crypto in my own wallets. I was just wondering what are the fees for converting one coin to the other on Coinbase and how much on Coinbase Pro. I personally love CBP due to its safety and legitimacy as a business. Let's take a step-by-step look at how to transfer USDT from Binance to KuCoin. If youre cashing out or taking profits in fiat, I would move the crypto from Coinbase to Coinbase Pro to sell it and then withdraw to fiat from CBP. My assumption is the email address you send it to will get an alert that you sent it to them. As of right now, KCS is not available on the Coinbase Exchange. What would you do if you were starting from the beginning and wanted to buy Theta? Glad to hear it! I research and invest a little each month and my portfolio is slowly growing because I have not sold any of my investments. DigiByte DGB 4. Thing long and hard before making any type of financial decision! Purchase cryptocurrency wisely and make sure to get the best deal when you make your initial crypto investment using fiat currencies. Is there a difference in Coinbase fees going to Coinbase Wallet versus Ledger? Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). I had some small holdings in Coinbase, which I converted to BTC and transferred to Binance to purchase an altcoin. Question, I would like to accept crypto as a form of donation for my non-profit, what would you suggest to minimize the transaction fee? Scan this QR code to download the app now. You dont have blockchain fees, because for a trade you dont need the blockchain. Something must have been off (like missing or inconsistent) with the application. Flip back over to your KuCoin tab. We've got some tips and information you're going to need. I wrote to customer service, but no help from them. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. You reply is much appreciated! Hey Bhavesh! Orchid, for instance, works within a list of nodes stored in an Ethereum smart contract so thats probably why youre seeing the fee and need for ETH. Now when I start the process to Buy additional crypto the only options are to withdraw money from my bank account to pay for it, instead of utilizing the existing USD balance in my Coinbase account. Hi Ryan, loving your articles, I live in the UK and would love to get into cryptos it seems the way forward, but I havent got a clue where to start. ETH is expensive right now to move, which is why there are lots of competitors out there trying to beat them. Now, you have select the coin you like transfer. I dont understand how any of this adds up. Hey Adam! I tried looking up the information but cant find an answer. When you sell the BTC, it will convert into whichever currency you chose. Gemini when I want to on-ramp with cash and move to a stable coin then to an exchange or interest-earning platform. Seems misleading to me but Im guessing theres nothing I can do. Thank you. I want to hold longer term but may want to buy more crypto with fiat and once in a while take out a little profit in USD. In a transaction as a maker, you will be making your own offers. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Binance was hacked a while back, which caused a lot of distrust of the platform. I made an account on Binance US, FTX US, Crypto.com, & Kraken to test the crypto transfer fees (simulating a transfer to my ledger) and with $20 btc it seems to cost $3-4 on every app (20% fees). I will say though it looks like a great platform! Right now, I am personal buying BTC from Strike and moving it to my Ledger once in a while. Or is it now completely owned by them in their name? However, that runs the risk of trusting Binances security while the crypto is stored with them. Hi, I am in the UK and new to Bitcoin. In this article, we will discuss 12 of the cheapest crypto to transfer! And they can add up, especially if you use the service often. Now see the examples below. The cheapest way to transfer from Coinbase to Kucoin, or from Kucoin to Coinbase for that matter, is to use blockchains that provide cheap and fast transfers. I have a 1000 what would you suggest? Gemini is my second favorite though. GDAX is simply Coinbase's exchange. Im not a financial advisor nor do I give financial advice, to be clear. Either go with Coinbase Pro or head over to Binance.us (depending on your state). How To: Move Funds to KuCoin Cheaply - Publish0x So then I moved $100 and the fee was $11.55 (net $89.45 to wallet). This means you can freely buy and sell Bitcoin on the open market instead of going through a broker type service like the regular Coinbase platform. In this article, we provide instructions on how to transfer crypto from KuCoin to Coinbase, step by step. If not, get one now so to keep your coins safe! The first step is to log into your Kucoin account in order to withdraw. Are you sending fiat to another exchange or your bank account? Depending on which blockchain you are using, transfer speeds can either be slow (Bitcoin, Ethereum) or fast (Solana, Cosmos). Perhaps, I can add this to my list of topics to cover in future articles for my EU followers. I have a Binance Smart Chain wallet, but I dont really understand it. Bitcoin Cash BCH 7. Personally, I move from exchange to exchange with LTC or XLM. About $200 a month total, but weekly to DCA. Hi, I just want to know about withdrawing funds. My trader is asking me to pay $776 as time extension fee to complete the withdrawal of my funds.. Is the tax fee correct? Coinbase Is Down 85% From Its High: 3 Reasons to Buy Would you, personally, if starting today, skip using Coinbase altogether and just go immediately with Binance? TIA. I dumped $100K into BTC, ETH, and LTC awhile back and now its worth around $500Kbut the fees to get it out of Coinbase Pro are absolutely ridiculous. Coinbase is offering new users a $5 bonus paid in Bitcoin. Coinbase doesnt have any deposit fees for crypto. My name is Javier Medina I loved your article it has such a valuable information thank you very much for sharing. 1. You have to buy Bitcoin or Ethereum and trade it for Theta. My noob friend is having issues figuring out how much to send me 100$worth of ETH I had her buy me and send to my wallet because coinbase keeps on saying there isnt sufficient funds to send without showing how much it is etc. How soon would you expect to sell your BTC and cash out? Do you know if that is the way they carge the commission? Im a newbie looking at moving my crypto from Coinbase to a wallet. Can I buy more ETH with my BTC? The receiver is in Dubai. Im accumulating BTC and purchasing a set amt daily. Get the latest news and insights from the crypto world. So, let's say, you entered $100 into the app as the amount you are wishing to buy. If you plan to trade short or mid-term, I would just keep your coins with Coinbase (and setup all your security very well). Sam. If you send Bitcoin to an Ethereum address, for example, it will likely be lost forever. And the fees are vastly different between the two. The sell fee on Coinbase Pro will be A LOT lower than Coinbase. But if you are willing to wait for the transfer, use your bank account to avoid the associated fees. Robinhood has $0 account minimums. How do I get ETH to pay the miners fee to send my coins???? I just moved .00282029 or $100 of BTC to an external wallet from Coinbase. Congratulations! You will fill out the verification, the password, the code sent to your email, the 2FA or SMS code if you are using it. Hello Ryan wondering if you have any knowledge regarding Coinbase account ? Sir if I send $100 from coinbase to my friend wallet other than coinbase. Hi, I'm Ryan. Is this correct? Youll always need to consider the fees when determining profits. Kucoin was founded in 2017 and is based in Hong Kong while Coinbase is based and founded in the United States. I was just charged 121.60 to send 0.142 BTC from Coinbase to my Ledger Nano X and Ledger live. Thats so high. Is this correct? Only support SPL Associated Token Account deposits to utilize the token address and make "transferChecked" or "transfer" available. Hi Ryan I made the mistake of selling some cryptocurrency on Coinbase, which then left it as a USD balance in my account. Also, they have up to 10 free withdrawals of coins per month! Reddit and its partners use cookies and similar technologies to provide you with a better experience. If you are just holding long term, Coinbase is a safe place to hold your coin (for an exchange). But I am not a financial advisor nor is this financial advice its just what I personally do when researching for best gains. How To Transfer Ethereum From An Exchange (Coinbase, Binance) To MetaMask? 1. Coinbase offers ACH transfer, free wire transfers and bank account transfers. Your Coinbase wallet is separate from your Coinbase brokerage account. (2) move cryptos from coinbase to coinbase pro (3) liquidate from there and transfer USD to bank. Ive been a holder up this point, but I think I want to try trading the swings for a minute. 2. 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. Youll just need to use the BTC/ETH trading pair. Pick the same network we will use on Coinbase as well, be careful on selecting the correct network. Thank You. I been buying and selling on CB Pro and the only thing I dont like is the maker and taker fee. How Much Invested To Retire Off Dividends, Top Real Estate Crowdfunding Platforms For Accredited Investors, Top Real Estate Crowdfunding Platforms For Non-Accredited Investors, Open a Coinbase Account (Use our link here for $5 FREE Bitcoin), Download the Coinbase app (use this link for a free $5 worth of Bitcoin), 1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose From, Win Up To 12 Free Stocks Worth Up To $3,000 Each, Win Up To 5 Free Stocks Worth $3 To $2,000 Each, A new page (popup on the desktop version) will appear with a, Beneath the address, you will see a cryptocurrency, Tap the box to select the crypto you wish to transfer, You will use this once you initiate a transfer from KuCoin, Select the cryptocurrency you are wanting to transfer, A new screen will appear that warns the user to ensure the same crypto network is being used for the transfer location, If desired, you can type in a remark or comment to easily remember the transfer in the future. So, I want to move the money over to Binance but as a coin. Heres my referrals if you need to create an account: I see that you highly recommend Binance in your comments. You did give me a great idea for a new topic, Cryptocurrency for Baby Boomers the Ultimate Guide. Gemini Exchange Review and Guide to Gemini Fees, Is Kraken Safe to Use? How do I direct the next purchase to use up the USD funds already in the Coinbase account? Yes, I have read the actual article on the dummy site, but it assumes that you have a basic grasp of terminology. (Already tried their Customer Service portal to no avail). You did not mention if Coinbase charges a fee if I cancel my buy or sell orders? Hows the Dummy book/report coming long. For US Residents only. Here is an example of a $100 BTC purchase while paying from a bank account: <img class=lazy src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%2091'%3E%3C/svg%3E" data-src=https://cryptoryancy.com/wp-content/uploads/2018/10/Screen-Shot-2019-06-26-at-6.39.34-PM-300x91.png alt="Coinbase Fee Transaction Example" width=300 height=91> $1000 BTC purchase while paying from a bank account: <img class=lazy src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%2091'%3E%3C/svg%3E" data-src=https://cryptoryancy.com/wp-content/uploads/2018/10/Screen-Shot-2019-06-26-at-6.50.15-PM-300x91.png alt="Coinbase Fee Transaction" width=300 height=91> $100 BTC purchase while paying from a debit card: <img class=lazy src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%2093'%3E%3C/svg%3E" data-src=https://cryptoryancy.com/wp-content/uploads/2018/10/Screen-Shot-2019-06-26-at-6.53.48-PM-300x93.png alt="Coinbase Fee Example" width=300 height=93> These fees are always subject to change and can vary depending on your location and financial institution. If you have a high enough trading volume, you can avoid some of the higher rate fees involved for lower purchases. How to Transfer Funds From Coinbase to KuCoinSimple Process Hi Tom! The buying price you choose should be lower than the current selling price in the limit order. Hi Tammy! You have successfully sent 0.09115443 ETH to 0xCd17d2..You can view transaction details in your Coinbase account. Free $10 Bonus When You Invest $5+Download. If you are new to the world of investing, one of the very first decisions you have to make is what platform or app to invest with. So, you're either buying or selling to a trade that's been listed in the order book. After you log in to your Coinbase account, you will see your dashboard. There is a $10 minimum deposit for Coinbase Pro so if youre trying to deposit more into your account, I would assume its a browser or mobile app error. Appreciate your help. However, if you are making a purchase or sale of $201 or more, the variable fee of 1.49% kicks in. I would use Gemini.com. How can I lower this if it is a percentage because thats is a large percentage just to send $180 worth of crypto. Will it have my name, the sender, on it? If I try to sell it all now and coinbase gives me a price thats lower than the market rate (or what it says is in my portfolio) and then also tries to charge me about $600 in fees. Also, pay your fees with BNB to get an even lower rate. A Very Cost Effective Way to buy KCS (KuCoin Shares) with USD Cryptocurrency Exchange Security Review, Trading Bot Guide: Purpose, Timing, And Advantages, How to Invest in Bitcoin: A Guide for Beginners. This was a great site, very informative. Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. If you use Coinbase or Coinbase Pro you are subject to some sort of transaction fee. 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. Ive been charged mining fees. Honestly, ETH fee is one of the issues that needs to be solved in the short and long term. I wanted to purchase some BTC and move it to my wallet so I could then trade it on exchanges that wont accept USD. Im writing a blog article about it right now. To see a full list of all withdrawal fees and minimums by coin, take a look at KuCoin's fee schedule here. Is this Network fee (Not really sure what that means) a percentage of the value of the transfer or was it a flat fee, that would have been the same regardless of how much I would have transferred? 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.. Then we move back to Kucoin. Keep the fancy one with you (one that maybe is Bluetooth) and then store away the backup that is as cold as possible for a wallet. The actual spread margin (the difference between the highest buy price and lowest sell price) charged varies due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes. If you want do transfer in maybe a less worrisome coin, due to the SEC stuff with Ripple, I would use LTC since its very fast and low cost. 1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload With coinbase pro, not all coins can be converted, they need to be a trading pair to do so. If you need more info, you can read my comparison between Coinbase vs. Coinbase Pro. Not much you can do about the transfer fee. What Im doing right now is stocking up on my ERC20 coins and waiting to bulk withdraw them from Binance or Coinbase when fees are lower or when I have enough to justify the network fee to withdraw. Enter the amount of USDC you want to send in the "Amount" field. Thanks. Currently, Coinbase has all your coins.
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