Did the ledger show the fee or was this the fee Coinbase said it was during the withdrawal process? Tether (USDT) | Coinbase Help The analyst is bullish on Coinbase stock for one simple reason that rewards currently outweigh the risks. Either a flat fee or variable fee will be added to a transaction on the normal Coinbase platform. Instead, you have to buy it via the Kucoin Exchange. The cost is the same whether in Coinbase or Coinbase Pro. Is there a difference in Coinbase fees going to Coinbase Wallet versus Ledger? Im also moving BTC weekly from Coinbase to a Ledger Nano X. Would you take that chance or what do you suggest I do when I return home. If so, even if those hardware wallets disappeared right now, youll only need to buy a new one and use that secret seed passphrase to open the wallet back up again. Your crypto addresses on the exchange could change or update over time. If you use their active trader platform (just a switch in the account settings) vs. the normal version, their trading fees are much lower than Coinbase Pro. These trades are completed instantly, but you will have to pay a fee between .0% and .50% for this transaction depending on how much you transact during the a given month. You will need to pick which address you want to send to, which network you want to send with and how much of the coin you want to send all on this form before you confirm. I also searched through Coinbases T&S and I could not find a refund/return policy on fees to make sure. And have a completely unique/complicated password. If not, get one now so to keep your coins safe! Yes, certainly! Nope, the Kucoin token (KCS) can not be bought via the Coinbase wallet. Please explain.Ex. 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. 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! Cant find any info on their site though. Exchange to XLM and send to coinbase for cheap fees. Appreciate your help. Heres my referrals if you need to create an account: I see that you highly recommend Binance in your comments. You should be able to just buy with the USD in your account. After reading a bunch of reviews I am thinking of using Coinbase. However, there is a standard 'network fee' at the time of withdrawing that varies depending on how busy the network is of the selected coin. When performing a withdrawal from KuCoin, you will be asked for an external address. When you see this screen, you need to click on the receive button in order to see the deposit address. Before you can transfer from KuCoin to Coinbase, you will need a Coinbase account. I would use Gemini.com. Seems like Binance could have stated at some point along the line that they dont serve all states. After filling these out, you can click the Submit button and your crypto will move from Kucoin to Coinbase. Youll need to decide on your withdrawal form- whichever crypto youre going to use to send your funds off of KuCoin. I recommend reading my article about Coinbase Pro vs Coinbase to get a better understanding of the difference: https://www.cryptoryancy.com/the-difference-between-gdax-vs-coinbase-pro/. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I do have a new article coming out soon directly talking about Coinbase Pro vs. Binance. ( Date of transfer 23/2/21). Seems misleading to me but Im guessing theres nothing I can do. 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. Double-check that the information is accurate before withdrawing as errors in most cases will lead to lost funds.. Stay on the righteous path and think long and hard before making any financial transaction! Hi Tammy! Ive purchased from fiat with Binance.us. With Coinbase & Coinbase Pro, there isn't a direct withdraw fee. They key is not do instant buys and purchase in the market to save on fees. This verification is done through uploading a photo of your driver's license or other state issued ID: If the images are clear and match your information on file, your account should be verified in minutes. Reddit and its partners use cookies and similar technologies to provide you with a better experience. At that time, the amount stolen was only 2% of their total assets so it was a bit of a blip in the road for them. M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. 5. 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? However, currently you do have to pay a small network fee. Convert 250 tether to USD it wanted almost $100 in eth!!! The cheapest but can take several hours or more to arrive at your recipient. Does it cost anything in terms of fees to send Bitcoin to an email? How To Send USDT From Coinbase To Kucoin - BosCoin Personally, I do not trade on CBP anymore. How to Transfer USDT from Binance to KuCoin? | CoinCodex 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. LASTLY, dont forget about tax implications. I have one question. Here are the steps to enable it: https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-. He first learned about crypto in 2013 and has been a full-time crypto person since 2016. Coinbase took weeks to explain why they charged me that much and in the end said its about how much I had traded in the previous 30 days but does NOT include the current transaction). There will also be a fee to sell the coin, but NO fee to withdraw your cash to your bank account. Coinbase, the first cryptocurrency exchange, is a popular choice for many. $138 fee for a 1000 transfer! Coinbase doesnt have any deposit fees for crypto. I am generally sticking to the top 10 best coins BTC, ETH, ADA, DOT, LINK, etc. Yes, sadly, we have heard of this before. Here's how: 1. Ill be sending it to my Dad soon for approval . You dont have blockchain fees, because for a trade you dont need the blockchain. How about the costs when tradingexchanging one coin for another. Great thanks for your reply Ryan, Ill look into a hardware wallet this week. You reply is much appreciated! have you ever heard of this experience ? Go to wallet icon in the top right corner, select main account and once you have entered the main account, search for Shiba. I think this person is a scammer. Thats the fee that Coinbase paid to transfer your coins to your Ledger. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. How much will the receiving person be charged to complete this transaction. Ive always heard of famous cryptocurrency YouTubers getting their account closed as well. We've got some tips and information you're going to need. Do you have any opinion about them? I am still confused about coinbase pro fees. 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. Should I trade it for a different crypto and then move it? Coinbase is very much like a bank so they can approve or deny applicants for any reason they want. There is no fee to transfer crypto from Coinbase to Coinbase Pro. Once you have created a Coinbase account and copied the wallet's address for the desired crypto, you are ready to perform your transfer. This is what a $50,000 BTC Gemini order looks like: How do we get to use Active Trader? The Complete Guide to Coinbase Fees (and How to Avoid Them) - CryptoRyancy This clearly isnt viable in future. But Im not sure about Binance.com since its not available in the US. It depends on where youre sending the BTC from and also, how congested the network is at that time. I started to move $1000 and it said $892 would go to wallet and I cancelled Does this sound normal? Plus you have strange imposed limits and other regulations hidden in the small print. I cannot figure out which one is cheaper. However, one of the deciding factors might be getting something out of it for [], 10 Best Business Books For Beginners Starting Out In 2023, So, you want to start a business. I am a baby boomer and curious about crypto. In all i own 8 different assets. This is the first time Ive moved any BTC to an external wallet so hopefully its just something simple that I dont understand. Is this a good way to avoid the high CB buy/sell fees and still earn the APY in regular CB? In general, I only hold coins in my ledger or trezor (and now SecurX V20) when Im holding them 3 months or longer since fees can add up. Previously, if you transferred your crypto to Coinbase Pro first and then sent it from Coinbase Pro vs Coinbase, it was completely free to do so. Your submission has been received! Hey Garrick! If youre sending Ethereum, check if its the right Ethereum address, etc. The fees are quite small and can actually be adjusted based on how fast you need confirmation. Unfortunately, Coinbase charges for all transactions now even as a maker, you have to pay a trading fee due to an update to Coinbases terms on March 22nd, 2019. I guess Coinbase noticed what people were doing and made it all the same for the transaction fees between Coinbase and Coinbase Pro. Am I correct in thinking that where you have mentioned USD and when selling, being in the UK would I just take these references and just change the methods or thinking to GDP? I hope my articles help you understand blockchain and cryptocurrency. Coinbase offers ACH transfer, free wire transfers and bank account transfers. Besides the underlying properties of the blockchain, it's also a question of how many people are using that blockchain at any given time. I tried again and again to no avail. Here you can see all the coins that you have, and any coin that you want to withdraw. I have been reading reviews and they all seems to cost a fortune. Wow you are right. Luckily most people wont have these problems, but the lack of customer service is terrible! Did Coinbase incorrectly estimate the transaction cost but still pay it? Thanks for posting your very informative articlesI am a newbie having trouble and hope you can help. Is this correct? However, if you are making a purchase or sale of $201 or more, the variable fee of 1.49% kicks in. ETH network fees are at an all-time high right now and Coinbase estimates what they expect it cost at that moment. Hi Nigel! I am at the beginning of journey and learning.. Can you help with these two questions please: 1) For small amounts of ETH from coinbase I have realized I am paying at least $25 for each transaction. Coinbase is one of the most widely used crypto exchanges around. 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. LiteCoin LTC 9. How can I minimize that? CaptainAltcoin.com 2022 - All Rights Reserved Heres a helpful article to explain further. I lean toward XLM these days. I have been trading for less than 2 mos and am still tring to learn. I been buying and selling on CB Pro and the only thing I dont like is the maker and taker fee. Get 1 Free Stock Worth Up To $200 From Robinhood! Once you pick this, you will then have the option to move the funds over from Coinbase. 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. When trading on cryptocurrency exchanges like Coinbase Pro, you should be aware of maker and taker fees. Introduction: Kucoin and Coinbase are two popular cryptocurrency exchanges that offer users the ability to buy and sell cryptocurrencies. My question is, when is the right moment to trade between coins in order to increase the amount of crypto coins in your wallet. Hello Ryan. But it all depends on your trading amounts. So, I want to move the money over to Binance but as a coin. I hope this helps! Doing so is also useful if you plan on becoming a heavy cryptocurrency investor. Sadly, theres no away around this, but to try to keep your coins at even increments. I have been buying bitcoin on Coinbase Pro and have $3,000 in by portfolio. I was just charged 121.60 to send 0.142 BTC from Coinbase to my Ledger Nano X and Ledger live. Its also instant. I recommend having a fancy hardware wallet and then a cheaper version to keep two wallets with the same accounts linked. This includes bank accounts, debit cards, and credit cards. I did that in the end and without realising it they actually charged me .5% (even though it was a maker order of 54k). Select the network (blockchain) you'd like to transfer USDT tokens on. Thanks, Ryan. She could try Binance instead! In most people's eyes, this is way too expensive of a fee to send crypto. To start, you will need to start using Coinbase Pro. Im going through the Voyager debacle rn and am planning to migrate to a Ledger Nano X shortly if they ever un freeze my crypto. And, 2) What are the fees for selling the Ethereum? I plan to write about an article comparing the two. Bugs me that I have to pay 0.0005 BTC to transfer my BTC from Binance to BlockFi, which is 22 dollars . You cannot connect a bank account to your KuCoin account. My muddled understanding of Coinbases terms is that they estimate transaction costs and include them in the network fee. I ask because if youre holding long-term, I would buy the BTC from an exchange and then move it to a hardware wallet for safekeeping. How To Transfer Crypto (BTC, ETH, ADA, SHIB etc.) From Coinbase To KuCoin? Join 2,000 readers that receive our newsletter. TIA. 2. Hey guys new to Kucoin and was seeing if its easy to transfer anything to Coinbase. How do I transfer my cryptocurrency to Pionex? BUT if you dont plan to sell or trade or convert, just send it the coin as-is for simplicity. Passively invest in private real estate deals with as little as $10. 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. Hi, I just want to know about withdrawing funds. The first is moving your cryptocurrency from your trading account to your main account on KuCoin (if you havent already done so). Yes, you can certainly do that! I tried looking up the information but cant find an answer. In order to withdraw to an address, first, you need to know the address, so lets check how we can get the address from Coinbase. How to send Bitcoin - Transfer fee options Coinbase offers three settings: Slow. For some, KuCoin can be overwhelming as it was designed for advanced traders. The cryptocurrency for baby boomers is coming along! **Youll only pay extra fees with the steps above IF you send your crypto to your ledger and then to Binance (vs. CBP to Binance directly). And I just eat the withdrawal fees to trade at lower costs. If you cant see the coin you want to deposit, you can use the search bar to type the coin and click on it. Unfortunately and/or fortunately, the fee to withdraw is the same for ALL-sized transactions. Open your Coinbase account on one browser tab and your KuCoin account on another browser tab. Go to your Coinbase account and click the, When you land on the crypto page in Coinbase, click the, On your trading, margin, or futures account select. You could check each individual withdrawal fee cost and minimums here. I want to send $3000 US$$$ Bitcoin to a person in Dubaiusing RockitCoin here in the USA. You have to buy Bitcoin or Ethereum and trade it for Theta. Hi Ryan, Thanks for your informative post as well as answering all these questions. I am trying to figure out how much it is going to cost me in commission to get my cash out. Before you all jump to Binance under false pretences of low fees.. Hey Blake can you tell us more about this process? Could you recommend something? Any advice? What does this mean? I am trying to deposit USDT to Kucoin - Reddit And a $65 fee would not make sense to send $100 for BTC. I left an order to buy 178 GRTBTC at 0.00001660. I would personally buy a hardware wallet (my recommended nano ledger x will be best) or set up a hot wallet (or better yet a cold wallet) for all your donations. In the past several days I have had 5 Limit buy orders filled on Coinbase and have been charged a fee for each trade. But for now, heres the breakdownGemini is cheaper than Coinbase and Binance is cheaper than Gemini. Buying cryptocurrency using a limit purchase or limit order is a simple way to save money on trading. Would there be a transfer fee from Coinbase to Wazir X? At present that 0.0005btc is about $30 (and growing), which is manyfold what you will pay on either Coinbase platform in your $100 withdrawal value example. 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. If you need more info, you can read my comparison between Coinbase vs. Coinbase Pro. And I bought 1000 in Bitcoin. I am mostly concerned about fees not time. For more information, please see our Learn more here:The Complete Guide to Coinbase Fees (and How to Avoid Them) []. Cheapest Way to Transfer Money to Kucoin TRON (TRX) Tron is one of the cheapest networks you can use to move assets through and charges a flat rate $1 transaction fee which saves the hassle of calculating how much you are going to pay or trying to figure out whether it is worth it or not.